Page-2 of Directorate General of Foreign Trade Current Affairs, GK & News

New Delhi hosts first-ever joint conference of Indian Customs and Department of India Posts

On May 11, the first-ever joint conference of Indian Customs and Department of India Posts at Vigyan Bhavan in New Delhi to deliberate on streamlining of imports and exports by post. Commissioners of Customs from all the States having Foreign Post Offices (FPOs) were present along with their counterpart Post Master Generals. Imports and exports ..

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DGFT doubles incentives rates for garments under Merchandise Exports from India Scheme

Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry has doubled rates for incentives under Merchandise Exports from India Scheme (MEIS) from 2% to 4% of value of exports. The rates for incentives under this scheme have been enhanced for two subsectors of textiles industry — readymade garments and made-ups. This measure will ..

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[email protected] online facility launched by Union government to resolve foreign trade issues

The Union government has set up an online service facility that can be used by importers and exporters to resolve all foreign trade-related issues. The Directorate General of Foreign Trade (DGFT), which comes under Ministry of Commerce, has asked all exporters and importers to use the system – [email protected] – for resolution of their matters. ..

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Government bans import of gold, silver items from South Korea

The Directorate General of Foreign Trade (DGFT) in the Union Commerce Ministry has banned duty free imports of gold, silver items from South Korea. These restrictions were imposed against the backdrop of sudden surge in imports of precious metals from South Korea, with which India has a free trade agreement (FTA) since January 2010. Now, ..

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Government bans cotton exports

In order to increase the supply of natural fibre in the domestic market of India, the Government has banned exports of cotton. In reference to this a notification was issued by the DGFT (Directorate General of Foreign Trade). The exports against registration certificates already issued will not be permitted. Already India has exported about 85,00,000 ..

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