DGFT in India: Complete Guide to IEC, Licences & Export-Import Compliance
Everything Indian Importers & Exporters Should Know About DGFT Starting an import-export business in India is an exciting opportunity, but international trade involves several registrations, licences, policies and compliance requirements. One of the most important government authorities for India's foreign trade framework is the Directorate General of Foreign Trade (DGFT) . For a new exporter or importer, terms such as IEC, DGFT, EPCG, Advance Authorisation, SCOMET, Export Promotion Schemes and RCMC can initially seem complicated. This guide explains the role of DGFT and the major areas that businesses should understand before starting or expanding international trade. Important: DGFT rules, procedures, notifications and requirements can change. The requirements applicable to a transaction depend on the product, HS classification, destination, scheme and other circumstances. Always verify the current requirements before taking action. What Is DGFT? DGFT stands for ...