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Dgft

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  • 1. ROLE OF DGFT IN FOREIGN TRADE POLICY BY GAURAV CHANDRA DEV SAHOO BHOOMI SOLANKI YASHOPRIYA BHARTIYA OMKAR BHOSLE
  • 2. DIRECTOR GENERAL OF FOREIGN TRADE DGFT or Director General of Foreign Trade is a government organization in India responsible for the formulation & implementation of Exim Policy, Guidelines and Principles for Indian Importers and Indian Exporters of the country. Before 1991, DGFT was known as the Chief Controller of Imports & Exports (CCI&E) It is an attached office of the Department of Commerce, Ministry of Commerce & Industry. It’s headquartered in Udyog Bhavan, New Delhi. Officials of DGFT works in close coordination with other related economic offices like Customs Commissionerates, Central Excise authorities, DRI authorities and Enforcement Directorate
  • 3. DGFT plays a very important role in the development of trading relations with various other nations & thus helps in improving not only the economic growth but also provides a certain impetus needed in the trade industry.  For promoting exports & imports it established Four Zonal Offices at Delhi, Mumbai, Kolkata & Chennai. In addition to that there are 35 Regional Authorities spread across the country.
  • 4. ROLEs OF DGFT Policy Research & Analysis To advise the Government on Policy measures in the light of emerging national and international economic scenarios Formulation & Regular Updatation of new codes in ITC(HS) Codes. It is the governing body of ITC(HS) & IEC codes. DGFT sets and controls SION i.e. standard input-output norms
  • 5. ITC(HS) is Indian Trade Clarification for import-export operations. It basically describes the rules and guidelines related to export & import policies. Schedule I describes the rules and regulation related to import policies. Schedule II describes the rules and regulation related to export policies. Indian Customs uses an eight digit ITC(HS) Codes to suit the national trade requirements. It is also used by Importers & Exporters to log into their account & check out new rules or changes regarding their area of business.
  • 6. To review export performance of various sectors, identify constraints. To examine the existing institutional framework, policy instruments and procedures for imports & exports. Suggest practical industry specific measures for optimum use of such schemes. Regulate Transit of Goods in accordance with Bilateral Treaties. Grants “Importer Exporter Code ” IEC No. which is mandatory to import or export in India. Maintains SCOMET List.
  • 7. SCOMET LIST These are certain products which comes in the list of Special Chemicals, Organisms, Materials, Equipment and Technologies or SCOMET. India’s SCOMET list includes eight categories of sensitive items that could be used for both civilian and military purposes. The export of all the items on the list is strictly regulated by the DGFT . The list includes toxic chemical agents, micro-organisms, toxins, aerospace systems, information technology, nuclear materials, nuclear-related other materials, equipments and technology”.
  • 8. EXPORT PROMOTION To examine issues which are considered relevant for promotion of India’s foreign trade, and to strengthen the international competitiveness of Indian goods and services.
  • 9.  Assistance to states for infrastructure development for exports.  Recognising Export Excellence Towns, with threshold limit of Rs 250 Cr & providing special facilities to such towns.  Development of Agri Export Zones (AEZ) & Handicraft SEZs shall be established which would procure products from the cottage sector and do the finishing for exports.  Scheme such “Vishesh Krishi and Gram Udyog Yojana” for promoting export of fruits,Vegetables, Flowers, Minor Forest produce, Dairy,Poultry and their value added products
  • 10.  Financial assistance to export promotion councils, industry and trade associations, agencies of State Govt, Indian Commercial mission abroad and other persons as Market Access initiative.  Financial assistance for marketing development & meeting the legal expenses for Trade related matters.  Recognising efforts by service sector & exporters who contribute substantially to the export kitty & providing them special benefits.  Providing duty free imports of raw materials consumables etc. meant to be used in exports.  Developing Export Oriented Units, Special Economic Zones, Technology parks and Bio-Tech parks for for imports of capital goods & services at concessional rate of customs duty.
  • 11. AdjudicAtion & RedRessAl If any question or doubt arises in respect of any provision in Foreign Trade Policy, or with Issuance of licence/ certificate/permission or regarding the classification of any item in the ITC(HS) or DEPB Rate; it shall be referred to the DGFT whose decision thereon shall be final and binding. DGFT also deals with the quality complaints of the foreign buyers. A Grievance Redressal Mechanism is established in order to avoid the need to litigation by aggrieved party.
  • 12. bibliogRAphy http://www.dgft.org http://www.eximguru.com http://dgftcom.nic.in http://www.eximkey.com http://dgft.gov.in/
  • 13. Thank you