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DGFT India: Regulating the Export import Trade of India

Those who are connected import export trading are very well aware of the term dgft IE Code Online Registration in India India that is short 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 responsible for framing the policies regarding export and import in India. Promoting export and import related activities a country are one with the major objectives of this organization. To fulfill on the road 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 jurisdiction. DGFT Delhi is engaged in providing benefits to the Exporters/Importers by way of numerous 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 sometimes used by numerous trading communities within the country and abroad.

Following is the connected with some of the major wings of DGFT India that takes care of a lot of 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 that happen to be mandate for import export traders include:

Issue of IEC number - IEC stands for Importer Exporter Code issued by the directorate, which is really a primary necessity for any company or venture capitalist wanting to do foreign trade in India. The IEC code can easily be obtained over the regional offices by applying through post or with an online form. One additionally be check for his/her application status the particular website of DGFT.

It maintains and updates HS Code Lists - HS Codes list from the Directorate is a distinctive numerical code assigned to numerous products and commodities for import export trading. This code is mandatory while shipping commodities in one country to an alternative. In short it is really a particular number assigned to specific products employed for describing goods in the import export trading program.

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

Whenever the Directorate makes any new amendment or introduces a whole clause for any preexisting policy, the amendment notification is flashed on the internet too. It highly important for the people in the international trading community to have a tab on all these important bulletins. You can easily get in case you announcements of DGFT India on Infodrive India, a prominent export import database site.