What is DGFT and How to Get Started
DGFT: Your Gateway to Importing and Exporting in India
The Directorate General of Foreign Trade
(DGFT), under the Ministry of Commerce and Industry, is the nerve center of India's foreign trade regulations. If you're venturing into importing or exporting goods in India, understanding the DGFT and its procedures is crucial. This guide simplifies the process of getting started with DGFT, including obtaining import/export licenses (online and offline).
What Does DGFT Do?
The DGFT plays a pivotal role in:
Formulating Foreign Trade Policy: The DGFT establishes India's foreign trade policies, aiming to promote exports and maintain a healthy balance of trade. Issuing Licenses: It regulates imports and exports through a system of licenses. Certain commodities require specific licenses (like Scomet for controlled items) issued by the DGFT. Promoting Exports: The DGFT offers various schemes and incentives to encourage Indian businesses to export their products globally.
Do You Need a DGFT License?
Freely Importable/Exportable Goods: Many goods can be imported or exported freely without DGFT licenses.
Restricted Items: Certain categories require licenses or specific permissions for import/export. These can be due to safety concerns, environmental protection, or other strategic reasons.