| DGFT stands for Directorate General of Foreign | | | | regulates Transit of Goods to various other countries |
| Trade, which is a government organization responsible | | | | in accordance with the trade treaties with the |
| for framing all policies regarding export and import in | | | | countries. They also grant the 10 digit IEC which is a |
| India. They are entrusted with the responsibility of | | | | primary requirement for any trader wanting to carry |
| implementing various policies regarding trade for | | | | out import and export related businesses in India. |
| example, Foreign Trade Policy or the Exam Policy | | | | They are also laying a lot of importance on Foreign |
| with the major objective of promoting export and | | | | Trade for it is gaining a lot of prominence in the |
| import related activities in India. | | | | recent times. |
| This Directorate lays down the very framework upon | | | | Whenever the organization makes any amendment |
| which traders and companies can import or export | | | | or introduces a new clause to any preexisting policy |
| within India. They issue the IEC which is the Importer | | | | or introduces a new policy, it brings about the |
| Exporter Code, which is a primary requirement for | | | | notifications on the internet also. Recent notifications |
| any company or venture capitalist wanting to trade in | | | | include prohibition on any milk or milk products being |
| India. The Directorate is currently headed by R S | | | | imported from China, amendments in the Exam |
| Gujral. Form for applying and becoming a recognized | | | | policy, a new standard for import and export of radial |
| member are easily available at regional offices around | | | | tires, various other major amendments in ITC HC |
| the country and all notifications are updated on the | | | | policies and standard code of conduct, prohibition on |
| internet from time to time. | | | | export of non-basmati rice and other major |
| DGFT has many functions which primarily include | | | | amendments. Other notifications include amendments |
| implementing various trade policies and introducing | | | | regarding classification of imported and exported |
| different schemes regarding trade benefits | | | | goods under the ITC HC and changes in the terms |
| throughout the country. The Directorate allows and | | | | and standards of the trade process. |