DGFT PPT

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Director General Foreign Trade

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DGFT PPT

  1. 1. Director General Foreign Trade
  2. 2. Introduction to DGFT Director General Foreign Trade is a Government Organization in India working under ministry of commerce & Industry responsible for Execution of the Export & Import Polices in India & Exim Guidelines and Principle for Indian Importer & Indian Exporters of the country. AIBS BBA-IB-III Sec-A
  3. 3. Mission of DGFT The North-Zone provide faithful service to the member of Trade & Industry by implementing the Foreign Trade Policy in a manner that is efficient, effective and transparent. It would strive to ensure optimal utilization of human resources with appropriate technology intervention including e-governance with a view to reduce transaction cost. It further commits itself to facilitate public service with highest standard of ethics, professionalism and accountability AIBS BBA-IB-III Sec-A
  4. 4. Trade Scenario Before 1991  Requirement for License  Bureaucratic Control  Complex legislations & Manufacturer protective polices  High import duties AIBS BBA-IB-III Sec-A
  5. 5. Trade Scenario After 1991  End of License RAJ  Process to global integration to Indian Economy Commenced  Increase information flow b/w geographically remote location  Growth of cash cultural contacts AIBS BBA-IB-III Sec-A
  6. 6. Function of DGFT in Export  DGFT has important role to issue Notification, Public notices, Circulars, Exim Policy, Foreign Laws and Ayaat- Niryaat forms and appendices.  DGFT grant 10 digit IEC to Indian Exporter & Importer.  DGFT permit or regulate Transit of Good from India.  DGFT also pay an important role in controlling DEPB Rates. AIBS BBA-IB-III Sec-A
  7. 7. Indian Foreign Trade Policy  The policy aims to developing export potential, improving export performance, boosting foreign trade & earning. Foreign Trade Policy assumes great significance this year as India’s export have been battered by the global recession.  As fall export has led to the closure small-and medium-scale export-oriented units resulting in large scale unemployment AIBS BBA-IB-III Sec-A
  8. 8. Exchange Provision Control for Import  Regulated by DGFT  Policy & Terms announced by DGFT  Bank are permitted to open Latter of Credit  Payment are made by showing shipping document  Permitted Currency  Payment made according to provision of FEMA AIBS BBA-IB-III Sec-A
  9. 9. Export Promotion To examine issue which are considered relevant for promotion of India’s foreign trade and to strengthen the international competitiveness of Indian goods and service.  Domestic Level  International Level AIBS BBA-IB-III Sec-A
  10. 10. AIBS BBA-IB-III Sec-A

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