Directorate General Of Foreign Trade is an Indian administrative body working for imports and exports in our country. It is led by the Director-General of Foreign India. It is responsible for constructing and implementing the Foreign Trade Policy. It is also responsible for administering laws based on foreign trade.
Directorate General Of Foreign Trade - Overview
The word facilitator is another name for the Directorate General of Foreign Trade. It keeps in strong communication with 24 regional offices and issues authorisation for exports. The regional offices are located at Ahmedabad, Bengaluru, Chennai, Coimbatore, Delhi, Ernakulam (Kochi), Guwahati, Hyderabad, Indore, Jaipur, Jammu, Kanpur, Kolkata, Ludhiana, Mumbai, Nagpur, Panipat, Pune, Rajkot, Srinagar, Surat, Vadodara, Varanasi, and Visakhapatnam. The zonal offices are situated in New Delhi, Chennai, Mumbai, and Kolkata. It has its headquarters in New Delhi.
Directorate General Of Foreign Trade Objectives
- Developing and coordinating the Foreign Trade Policy
- Promotional schemes must be designed and implemented
- Conducting policy research and analysis
- Import and export licensing
- Exports and imports of the country need to be regulated and prohibited
- Advising the government on advisory measures relating to national and international economic scenarios
- Establish and maintain the standard for input and output norms
- Importers and exporters need to follow the Import Export Code called IEC code
- To distribute the Tariff Rate Quota
- Assisting states in developing export infrastructure
- Identifying towns' export potential and providing them with growth amenities
- Supporting export promotion councils, industry and trade associations, state government agencies, and other organisations in their various endeavours
- Financial assistance for marketing development and meeting trade-related expenses
- Creation of Export Oriented Units, Special Economic Zones, Technology, and Biotech parks to import capital goods and services at a reduced customs duty rate
Body of Directorate General Of Foreign Trade
The Directorate General Of Foreign Trade has two types of offices: Regional Authority (RA) offices and Zonal Offices. The DGFT has zonal offices in Kolkata, Delhi, Chennai, and Mumbai. The Additional Director General of Foreign Trade leads the zonal offices, while the Regional Offices are led by the Joint Director General, Deputy Director-General, and Assistant Director-General. The Director-General is based in New Delhi at Udyog Bhawan.
Directorate General of Foreign Trade (DGFT) helps in developing trading relations with various other nations. It works consistently in improving economic growth and provides the certain necessary force needed in the trade industry. The sole function of DGFT is to promote exports and imports.
FAQs on Directorate General Of Foreign Trade
Q.1. When was the Directorate General Of Foreign Trade (DGFT) formed?
The Directorate General of Foreign Trade was formed in 1991.
Q.2. What is the role of the Directorate General Of Foreign Trade?
The DGFT is responsible for organising and implementing the foreign trade policy with the aim of promoting Indian Exports.
Q.3. Who is our present Directorate General Of Foreign Trade?
Amit Yadav is our present Directorate General Of Foreign Trade.
Q.4. Which are the zonal offices of the Directorate General Of Foreign Trade?
The zonal offices of the Directorate General Of Foreign Trade are in Kolkata, New Delhi, Mumbai, and Chennai.