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DGFT India: Regulating the Export import Trade of India

Those who are linked import export trading are very well aware of the term dgft IEC Registration Online India India that brief for Director General of Foreign Trade, India. Functioning your Ministry of Commerce and Industry, it is one amongst the most important authorities, which is solely liable for framing the policies regarding export and import in India. Promoting export and import related activities a country are one of your major objectives of this organization. To fulfill the purpose it formulates and implements various trading policies and guidelines regarding foreign trade for example - Move Policy or the Exim Policy, etc.

The DGFT Delhi will be the Zonal Office (North Zone) that has nine Regional offices under its legislation. DGFT Delhi is engaged in providing benefits to the Exporters/Importers by way a lot of schemes available as per Export-Import Policy. The prime objective of this department is to promote or facilitate trade related information, and to provide accurate and reliable information in public domain that can be easily used by numerous trading communities within the country and abroad.

Following is the list of some of the major wings of DGFT India that takes care of numerous activities related to the department:

Duty Exemption Scheme

Export Promotion Capital Goods

Cash Assistance, Appeal E.O. Cell

Drawback

Policy Division

Policy Cell

Policy Research and Analysis

Restricted Import Licensing

Enforcement cum Adjudication

Statistics Division

Human Resources Development

National Informatics Centre-NIC

DGFT Software Technology Parks in India

DGFT Special Economic Zones

DGFT Export Oriented Units (EOUs) in India

Some of the major activities of this authority are usually mandate for import export traders include:

Issue of IEC number - IEC stands for Importer Exporter Code from the directorate, which is a primary requirement for any company or venture capitalist wanting to do move in The indian subcontinent. The IEC code can often be obtained of one's regional offices by applying through post or with an online form. One can also check for his/her application status in the website of DGFT.

It maintains and updates HS Code Lists - HS Codes list from the Directorate is a numerical code assigned to several products and commodities for import export trading. This code is mandatory while shipping commodities 1 country an additional. In short it is a particular number assigned to a particular products used for describing goods in the import export trading platform.

It issues new trading policies and updates the present ones- It lays around the required framework upon which traders and companies pursue cross border getting. Most of the policies and guidelines related to import export trading are framed this particular board. Besides this, you'll find it regulates the trade by imposing guidelines.

Whenever the Directorate makes any new amendment or introduces a fresh clause for any preexisting policy, the amendment notification is flashed within internet too. It is very important for all the folks the international trading community to keep a tab on all these important cards. You can easily get upgrade announcements of DGFT India on Infodrive India, a top export import database net site.