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 ..

Month: Current Affairs - November, 2017

Contact@DGFT 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 ..

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 ..

Month: Current Affairs - August, 2017

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 ..

Month: Current Affairs - March, 2012

Annual Supplement to Foreign Trade Policy (2005-2006)

Minister for Commerce & Industry, Government of India Mr. Kamal Nath had announced Annual Supplement 2005, to the Foreign Trade Policy 2004-09 on the 8th April 2005.Main Points:1. Setting up an Inter State Trade Council to engage the State Governments ..