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DIRECTORATE GENERAL OF FOREIGN TRADE(DGFT)
BY:MEGHA HANDA
INTRODUCTION
DGFT or Directorate General Of Foreign Trade is a government organization in India responsible for the formulation of exim guidelines and principles for indian importers and indian exporters of the country
Headquarters at Udyog Bhawan, New Delhi. Before 1991, DGFT was known as Chief
Controller of Imports and Exports Officials DGFT works in close coordination with
other related economic offices like Customs Commissionerates, Central Excise authorities, DRI authorities and Enforcement Directorate.
DGFT OFFICES
4 zonal offices at Delhi, Mumbai, Kolkata and Chennai.
36 regional offices.
DGFT OFFICES LOCATION
JOINT REGIONAL DIRECTORATE OF FOREIGN TRADE , LUDHIANA
FUNCTIONS OF DGFT
To implement exim policy and foreign trade policies by introducing various schemes and guidelines.
To grant Importer Exporter Code number to indian exporters and indian importers.
To promote trade with neighboring countries.
Plays an important role in controlling DEPB rates.
FUNCTIONS OF DGFT(CONTD.)
DGFT also controls setting up of standard input output norms.
Any changes or formulation or addition of new codes in ITC HS CODES are also carried out by DGFT .
Maintains SCHOMET list. Acts as a trade facilitator
SCOMET LIST
There are certain products which come under the list of Special Chemicals, Organisms, Material , Equipment and Technologies or SCHOMET.
India’s SCHOMET list include eight categories of sensitive items that could be used for both military and civilian purposes; export of all these items is strictly regulated by DGFT.
The list includes toxic chemical agents, micro-organisms , toxins , aerospace systems , information technology ,nuclear materials, nuclear related other material, equipment and technology.
ITC-HS
ITC-HS Codes or better known as Indian Trade Clarification based on Harmonized System of Coding was adopted in India for import-export operations. Indian Customs uses an eight digit ITC-HS Codes to suit the national trade requirements.
Commodity description, weeding out of defunct codes, addition of new codes, change of product description etc., are taken up periodically as a part of the ongoing process towards perfection.
ITC-HS
SCHEDULE I describe the rules and guidelines related to import policies where as SCHEDULE II describe the rules and regulation related to export policies.
SCHEDULE I- 98 chapters. SCHEDULE II – 97 chapters.
ITC-HS CODE MAJOR 21 SECTIONS
IEC
IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, to Indian Companies.
To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number.
Can be submitted manually* as well as online.
PROCEDURE/DOCUMENTS FOR ISSUE OF IEC
Covering Letter on your company's letter head for issue of new IEC Code Number.
Two copies of the application in prescribed format must be submitted to your regional Jt.DGFT Office.
Each individual page of the application has to be signed by the applicant.
Part 1 & Part 4 has to be filled in by all applicants. In case of applications submitted electronically.
No hard copies of Part 1 may be submitted. However in cases where applications are submitted otherwise, hard copy of Part 1has to be submitted
PROCEDURE/DOCUMENTS FOR ISSUE OF IEC
Rs 250.00 Bank Receipt (in duplicate)/Demand Draft/EFT details evidencing payment of application fee .
Certificate from the Banker of the applicant firm in the format .
Self certified copy of PAN issuing letter or PAN (Permanent Account Number) Card issued by Income Tax Authority.
Two copies of passport size photographs of the applicant duly attested by the Banker of the applicant.
Self addresses envelope with Rs.25/- postal stamp for delivery of IEC certificate by registered post or challan/DD of Rs.100/- for speed post.
APPLICATION FOR MODIFICATION
PART-A , PART – B , PART-C, AND PART-D , ORIGINAL IEC NUMBER , along with the documentary proof of required change, the application of modification change should be made within 60 days of such change , otherwise a fee of Rs.200 will be charged.
•EMEMPTED CATEGORIES OF IEC NO.• Ministries/Departments of the Central or State
Government.• Persons importing or exporting goods for
personal use not connected with trade or manufacture or agriculture.
• Persons importing/exporting goods from/to Nepal provided the CIF value of a single consignment does not exceed Indian Rs.25,000.
• Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rs.25,000. However, the exemption from obtaining Importer-Exporter Code (IEC) number shall not be applicable in case of SCHOMET list.
THANK YOU