EXIM: Information Updater of DGFT

The export import policy (EXIM policy) of India hasmonitoring agency for imports and exports. Online
been instrumental in making it a major part of theservices available at various sits It implements the
world trade .However , there is a need for aexport import policy (EXIM policy) of India by
comprehensive view to be taken for furtherintroducing various schemes and guidelines through its
development of the country's foreign trade. DGFTnetwork of regional offices throughout the country.
(directorate general of foreign trade) which isIt is required to perform the tasks in co- ordination
accessible online gives all the necessary informationwith state governments and all other departments of
and support to people thereby helping in thethe Ministry of Commerce and Industry.
promotion of India's foreign trade by implementingFor achieving new heights in foreign trade the export
various export promotion schemes. Traders areimport policy (EXIM policy) is updated by directorate
issued a unique exporter importer code numbergeneral of foreign trade – DGFT every year on
necessary for import and export trade in India. The31st march and the modification, improvements and
strategy is to shift focus from a regulator to that ofnew schemes become effective from April of each
a trade facilitator. Quality complaints of foreignyear. After 5 years the EXIM policy needs general
buyers are also dealt with and the input outputamendments so as to improve the overall export and
norms are set.encouraging trade. The EXIM policy was updated by
It has been a well known fact that along withthe directorate general of foreign trade recently in
incorporating the present norms it is necessary to goAugust 2009 .Online services provide the updated
much beyond them so as to attain new heights inpolicy and the reviewed norms. Known as the New
foreign trade. For this purpose the norms areForeign Trade Policy it is valid for the period 2009-
reviewed every year while the EXIM (export import)2014. It aims at stopping the declining export and
policy is reviewed every 5 years by directoratedoubling the export of goods and services by
general of foreign trade and implemented with better2014.Thus the overall promotion of export has been
norms .DGFT (directorate general of foreign trade)kept the main objective of our new foreign trade
related online services available at various sites act aspolicy.
a resource centre for trade information and