{"id":21479,"date":"2024-05-20T06:44:56","date_gmt":"2024-05-20T01:14:56","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=21479"},"modified":"2025-05-27T17:42:58","modified_gmt":"2025-05-27T12:12:58","slug":"dgft","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/dgft\/","title":{"rendered":"Directorate General of Foreign Trade"},"content":{"rendered":"<h2>Directorate General of Foreign Trade (DGFT) Latest News<\/h2>\n<p>The Government of India has updated its import policy for gold and silver to align customs tariffs with trade regulations, as notified by the Directorate General of Foreign Trade (DGFT).<\/p>\n<p><span style=\"font-family: inherit; font-size: 35px; font-style: inherit;\">About Directorate General of Foreign Trade (DGFT)<\/span><\/p>\n<ul>\n<li>The\u00a0<strong>Directorate General of Foreign Trade (DGFT)<\/strong>\u00a0is an\u00a0<strong>attached office of the Ministry of Commerce and Industry<\/strong>.<\/li>\n<li>It is responsible for the\u00a0<strong>formulation and implementation<\/strong>\u00a0of India\u2019s\u00a0<strong>Foreign Trade Policy (FTP)<\/strong>.<\/li>\n<li>Headquartered in\u00a0<strong>New Delhi<\/strong>, it operates through a\u00a0<strong>network of 24 regional offices<\/strong>.<\/li>\n<li>Before 1991, DGFT was known as the\u00a0<strong>Chief Controller of Imports &amp; Exports (CCI&amp;E)<\/strong>.<\/li>\n<li>Post-liberalisation, it was restructured as DGFT to act as a\u00a0<strong>trade facilitator<\/strong>.<\/li>\n<\/ul>\n<h3>Key Functions of DGFT<\/h3>\n<ul>\n<li><strong>Implements India\u2019s Foreign Trade Policy (Exim Policy)<\/strong>\u00a0by issuing various\u00a0<strong>schemes<\/strong>,\u00a0<strong>licenses<\/strong>, and\u00a0<strong>notifications<\/strong>.<\/li>\n<li>Issues the\u00a0<strong>Importer Exporter Code (IEC)<\/strong>\u2014a\u00a0<strong>10-digit unique code<\/strong>\u00a0mandatory for all Indian importers and exporters.<\/li>\n<li><strong>Regulates transit of goods<\/strong>\u00a0across Indian borders as per\u00a0<strong>bilateral treaties<\/strong>.<\/li>\n<li>Grants permissions for\u00a0<strong>free export items<\/strong>\u00a0listed in\u00a0<strong>Schedule 2<\/strong>\u00a0of the export policy.<\/li>\n<li>Sets\u00a0<strong>standard input-output norms<\/strong>\u00a0to define the quantity of inputs allowed for the export of a specified quantity of output.<\/li>\n<li>Facilitates\u00a0<strong>regional trade promotion<\/strong>, especially with\u00a0<strong>neighbouring countries<\/strong>.<\/li>\n<\/ul>\n<h2>Directorate General of Foreign Trade (DGFT) FAQs<\/h2>\n<p><strong>Q1<\/strong>: What is the Directorate General of Foreign Trade (DGFT)?<br \/>\n<strong>Ans:<\/strong>\u00a0The DGFT is an attached office under the Ministry of Commerce and Industry responsible for formulating and implementing India\u2019s Foreign Trade Policy (FTP).<\/p>\n<p><strong>Q2:\u00a0<\/strong>What are the main functions of DGFT?<br \/>\n<strong>Ans:<\/strong>\u00a0It handles export and import licensing, promotion of exports, trade facilitation, and implementation of export promotion schemes.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.thehindu.com\/business\/Economy\/government-modifies-import-rules-on-certain-gold-silver-items\/article69594175.ece#:~:text=According%20to%20the%20new%20restrictions,India%2DUAE%20free%20trade%20agreement\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/p>\n<p>&nbsp;<\/p>\n<div id=\"allow-copy_covered_elem_id_1748347958841\" class=\"allow-copy_cover allow-copy_cover__minimized allow-copy_cover__on-elem\" style=\"top: 0px; left: 0px; width: 1165.78px; height: 323.5px;\" data-check-covered-elem-position-interval=\"28\">\n<ul class=\"allow-copy_cover-actions\">\n<li class=\"allow-copy_cover-action allow-copy_grab-btn\" title=\"Grab Text\">\u00a0<\/li>\n<li class=\"allow-copy_cover-action allow-copy_copy-to-clipboard-btn allow-copy__hidden\" title=\"Copy full text to clipboard\">\u00a0<\/li>\n<li class=\"allow-copy_cover-action allow-copy_reset-btn allow-copy__hidden\" title=\"Clear Text\">\u00a0<\/li>\n<li class=\"allow-copy_cover-action  allow-copy_maximize-btn\" title=\"Maximize\">\u00a0<\/li>\n<li class=\"allow-copy_cover-action allow-copy_minimize-btn allow-copy__hidden\" title=\"Minimize\">\u00a0<\/li>\n<li class=\"allow-copy_cover-action allow-copy_beta-icon \" title=\"Sorry :( \nIt is beta functionality.\nIt can works incorrectly.\nTurn off in setting if you dislike it.\">Beta<\/li>\n<\/ul>\n<p><span class=\"allow-copy__beta-testing-label\" title=\"Sorry :( \nIt is beta functionality.\nIt can works incorrectly.\nTurn off in setting if you dislike it.\">Beta feature<i class=\"allow-copy__settings\">  <\/i><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The DGFT is an attached office under the Ministry of Commerce and Industry responsible for formulating and implementing India\u2019s Foreign Trade Policy (FTP).<\/p>\n","protected":false},"author":5,"featured_media":48331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[598,21,23],"class_list":{"0":"post-21479","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-directorate-general-of-foreign-trade","9":"tag-prelims-pointers","10":"tag-upsc-prelims-current-affairs","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=21479"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/48331"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=21479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=21479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=21479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}