What is DGFT | What is DGFT Certificate Full Form?

DGFT stands for the Directorate General of Foreign Trade, which is an agency under the Ministry of Commerce and Industry in India. DGFT is responsible for formulating and implementing foreign trade policies and regulations. It plays a crucial role in promoting and regulating India’s international trade. DGFT issues various licenses to facilitate and regulate foreign trade activities.

There are several types of DGFT licenses, each serving a specific purpose. Some common types include:

1. IEC (Importer-Exporter Code): It is a mandatory license for individuals or businesses involved in import and export activities.
2. Advance Authorization (AA): This license allows duty-free import of inputs for the export product.
3. Export Promotion Capital Goods (EPCG) Scheme: It permits the import of capital goods at zero or concessional customs duty for the purpose of enhancing export competitiveness.
4. MEIS (Merchandise Exports from India Scheme): MEIS provides rewards to exporters in the form of duty credit scrips.
5. SEIS (Service Exports from India Scheme): SEIS offers rewards to service exporters, encouraging the export of services.
6. DGFT License for import of restricted goods: These licenses are designed to regulate the import of specific goods and ensure compliance with the country’s foreign trade policies. One such license that facilitates the import of restricted goods is the “License for Restricted Items.”

Traves India is a leading service provider specializing in assisting businesses and individuals with the acquisition and management of DGFT licenses. With a commitment to facilitating seamless international trade, Traves India offers a comprehensive range of services related to DGFT licenses. Whether it’s obtaining an IEC, navigating the complexities of Advance Authorization, or optimizing benefits under MEIS and SEIS, Traves India has a dedicated team of experts to streamline the entire process.

Our company is driven by a passion for simplifying the regulatory landscape and empowering clients to leverage the full potential of foreign trade opportunities. With a customer-centric approach and a deep understanding of DGFT regulations, Traves India stands as a reliable partner for businesses looking to expand their global footprint. Whether you are a seasoned exporter/importer or a newcomer to international trade, Traves India is here to guide you through the intricacies of DGFT licensing, ensuring compliance and maximizing the benefits available in the dynamic world of global commerce.