know your Foreign Trade Policy -1

The Foreign Trade Policy, 2015-20, (as updated) w.e.f. 05.12.2017 is notified by Central Government, in exercise of powers conferred under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) [FT (D&R) Act], as amended.

DGFT may, by means of a Public Notice, notify Hand Book of Procedures, including Appendices and Aayat Niryat Forms or amendment thereto, if any, laying down the procedure to be followed by an exporter or importer

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Trade facilitation is a priority of the Government for cutting down the transaction cost and time, thereby rendering Indian exports more competitive.

DGFT has a commitment to function as a facilitator of exports and imports. Focus is on good governance, which depends on efficient, transparent and accountable
delivery systems.

In order to facilitate international trade, DGFT consults various Export Promotion Councils as well as Trade and Industry bodies from time to time.

For assistance an email may be sent at dgftedi@nic.in or Toll Free number 1800111550 can be used.

Importer Exporter Code (IEC) is mandatory for export/import from/to India as detailed in paragraph 2.05 of this Policy. DGFT issues Importer Exporter Code in electronic form (e-IEC).
All the Regional Authorities (RA) of DGFT and extension counters have been networked with high speed internet. The applications are received and processed electronically.

  1. DGFT has put in place a robust EDI system for the purpose of export facilitation and good governance. DGFT has set up a secured EDI message exchange system for various documentation related activities including import and export Authorisations established with other administrative departments, namely, Customs, Banks and EPCs.

    Consignments of items meant for exports shall not be withheld/ delayed for any reason by any agency of Central/ State Government. In case of any doubt, authorities concerned may ask for an undertaking from exporter and release such consignment.

    CBEC introduced the facility of 24 X 7 customs clearance in the year 2012. The 24 X 7 Customs clearance facility has now been extended to all Bills of Entry (not only facilitated Bills of Entry) at 19 sea port and 17 Air Cargo Complexes. Further, no MOT charges are required to be collected in respect of the services provided by the Customs officers at 24 X 7 Customs Ports and Airports.

    Indian Customs has introduced SWIFT (Single Window Interface for Facilitating trade) w.e.f. 01.04.2016 for ensuring ease of doing business.

    Self-Assessment of Customs duty by importers or exporters was introduced vide Finance Act, 2011.

    Based upon WCO’s SAFE Framework of Standards (FoS), ‘Authorised Economic Operator (AEO) programme’ has been developed by Indian Customs to enable business involved in the international trade to reap the following benefits:
    (i) Secure supply chain from point of export to import;
    (ii) Ability to demonstrate compliance with security standards when contracting to supply overseas importers /exporters;
    (iii) Enhanced border clearance privileges in Mutual Recognition Agreement (MRA) partner countries;
    (iv) Minimal disruption to flow of cargo after a security related disruption;
    (v) Reduction in dwell time and related costs; and
    (vi) Customs advice / assistance if trade faces unexpected issues with Customs of countries with which India have MRA.

    Director General of Commercial Intelligence and Statistics (DGCI&S) is an ISO certified organization under the administrative control of DGFT. It is the provider of trade data which is a source of guidance and direction for export & import trade and which help the exporters and importers formulate their trade strategy.

    As a trade facilitation measure, CBEC has introduced facility of deferred payment of customs duty. Further, Deferred Payment of Import Duty Rules, 2016 have been notified and the same have come into effect from 16.11.2016. The importers certified under AEO Programme (Tier-two) and (Tier-Three) have been notified for availing the benefit of these Rules

    source: DGFT

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