Tag: dgft
Commerce ministry sets up committee for better utilisation of RELIEF initiative for exporters
New Delhi: The commerce ministry has set up a six-member committee for better utilisation of funds and improved uptake of the RELIEF initiative for exporters….
DGFT speeds up silver imports through IIBX, other nominated agencies
New Delhi: The government has introduced a simplified, self-declaration-based procedure to speed up the issuance of import authorisations for certain silver items, aiming to reduce…
Government allows 5,841 tonnes of sugar export to EU under quota-based duty concession scheme
New Delhi: The government has allowed 5,841 tonnes of sugar to be exported to the European Union (EU) under a quota-based duty concession scheme –…
Indian recyclers seek scrapping of pre-shipment inspection, letter shows
NEW DELHI: India’s leading recyclers’ body has asked the federal foreign trade directorate to replace existing scrap import rules based on overseas certification with local…
DGFT to set up central unit for trade applications
New Delhi: The government is setting up a Central Processing Department (CPD) in the Directorate General of Foreign Trade (DGFT) to act as a central…
DGFT relaxes One Star Export House norms, exporters can qualify on performance in any two of three preceding years
The government on Friday relaxed the eligibility criteria for One Star Export House status, allowing exporters to qualify based on their export performance in any…
India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters
The government on Thursday amended the Foreign Trade Policy (FTP) 2023 to make it easier for exporters to invoice overseas sales and receive payments in…
EXIM Bank to be implementing agency for interest subvention support for exporters: DGFT
New Delhi: The commerce ministry on Friday said the EXIM Bank will be the implementing agency for interest subvention support for pre- and post-shipment export…
India allows FDI in ecomm inventory model for exports
NEW DELHI: India on Thursday eased its FDI policy to allow foreign direct investment in the inventory-based model of ecommerce exclusively for export purposes, in…
Procedure for TRQs allocation under India-Oman trade pact notified
New Delhi, India on Monday notified the procedure for allocation of quota-based tariff concessions under a free trade agreement with Oman, which came into force…