About DGFT
This Directorate, with headquarters at New Delhi, is responsible for formulating and implementing the Foreign Trade Policy with the main objective of promoting India’s exports. The DGFT also issues scrips/authorization to exporters and monitors their corresponding obligations through a network of 24 regional offices.
The Central Government appoints any person to be the Directorate General of Foreign Trade. Normally a member of the Indian Administrative Service having rendered 30 or more years is appointed to the post of the Director-General of Foreign Trade. The Director-General heads an attached office under the administrative control of the Ministry of Commerce and Industry of the Government of India. The Director-General is an Ex-Officio Additional Secretary to the Government of India. The Director-General advises the central Government in the formulation of Foreign Trade Policy and is responsible for carrying out that Policy. At present, the Director-General formulates Foreign Trade Policy and Hand Book of Procedures of Foreign Trade Policy and ITC (HS) Classifications of Import and Export Items. The Director-General heads an organization known as the Directorate General of Foreign Trade. The organization has its offices known as Regional Authority (RA) and Zonal Office. These offices administer the Foreign Trade Policy and Procedures. While the Regional Offices at Kolkata, Delhi, Chennai and Mumbai are Zonal Offices which are headed by Additional Director General of Foreign Trade, the remaining Regional Offices are headed by Joint Director General, Deputy Director General and Assistant Director-General. Some of the RAs are also headed by Additional Director General. Office of the Director-General is located at Gate No 2 of Udyog Bhavan, New Delhi.
Controlled By
Directorate General of Foreign Trade (DGFT) organisation is an attached office of the Ministry of Commerce and Industry and is headed by Director General of Foreign Trade.
What is the advantage of DGFT?
It helps in the improvement of economic growth and enhanced relation in the trade industry. Not only this, DGFT has set up regional offices for the promotion of import and export in India. As you know now, the DGFT is directly associated with the Department of Commerce, Ministry of Commerce and Industry
What license is issued by DGFT?
DGFT through its power under the FTDR Act notifies various restrictions or quota or conditions on import of goods into India. These restrictions may require a licence or registration be applied for and approved prior to the given imports.
What is Deemed Exports:
In deemed exports, goods supplied do not move out of country, and payment for such supplies is received either in Indian Rupees or in free foreign exchange. You may have a doubt now that if the goods are not crossing the border of country, how can we treat as an exports?. In deemed exports, some of the other way the transaction boost to earn foreign exchange . Deemed exporters are also eligible government assistance within the parameters of earning foreign exchange.