DGFT

SUBMITTING BY ANJEES.M.D
CONTENTS

1. Introduction
2. Mission
3. Functions of DGFT
4. Trade scenario before 1991
5. After 1991
6. How to apply for IEC registration
7. Indian foreign trade policy
8. EPC for imports
9. Export promotion
10.conclusion
INTRODUCTION

• Directorate General of Foreign Trade (DGFT) organisation

• It is an attached office of the Ministry of Commerce and Industry
• It is headed by Director General of Foreign Trade.
• It is responsible for the execution of the export &import policies
in India
MISSION

• The directorate, with headquarters at New Delhi

• Main objective is promoting India’s exports
• Issue scrips/authorization to exports
• Monitors their corresponding obligations through a network of 24
regional offices
FUNCTIONS OF DGFT

• Formulation and Implementation of various trade policies

• Formulation and implementation of promotional schemes
• Licensing of import and export
• Regulate ,restrict or prohibit exports and imports
• Allocate IEC numbers to importers and exporters
• Allocate Tariff Rate Quota
• Financial aid for development in marketing
TRADE SCENARIO BEFORE 1991

• Requirements for licence

• Bureaucratic control
• Complex legislations &manufacturer protective policies
• High import duties
TRADE SCENARIO AFTER1991

• End of License RAJ

• Process to global integration to Indian Economy Commenced
• Increase information flow between geographically remote location
• Growth of cash cultural contacts
HOW TO APPLY FOR IEC CODE
REGISTRATION

1. Go to the DGFT website

2. Then you need to go on services tab
3. Enter your PAN number
4. Enter the details
5. Enter phone number to get otp
6. Fill and update entity details
7. Add branch details
8. Fill and update patner/director details
9.Upload documents
10.Free payment(Debit,Credit)
11.Preview
12.Final submission
INDIAN FOREIGN TRADE POLICY

• This policy aims to developing export potential ,improving export

performance, boosting foreign trade &earnings
• Enhancing the country’s trade for economic growth and
employment generation
EXCHANGE PROVISION CONTROL FOR
IMPORT

•Regulate by DGFT
•Policy &terms announced by DGFT
•Payment are done by showing shipping documents
•Payment made according to provision of FEMA

•8
 EXPORT PROMOTION

• The objective of EPCG is to facilitate import of capital goods for producing

quality goods and services
• Enhance India’s manufacturing competiveness
• This scheme allows import of capital goods for pre-production and post
production at zero customs only
 CONCLUSION

• After the implementation foreign trade policy , the import and export among
foreign countries have increased and have become more secured
• Setting up of EPZ and SEZ have also increased foreign investors
• Trading Housing have given a platform to both manufactures andcustomers
• Simplification of procedures