Why Consulting A DGFT Consultant Is Important Nowadays?

The DGFT is chaired by the General Director of International Commerce, responsible for enforcing the Foreign Trade Policy (FTP), announced from time to time by the Government to control and encourage foreign trade. FTP is also announced to the Government. The demand for DGFT Consultant In Aurangabad is growing immensely.

 

DGFT serves as a 'facilitator,' after liberalization and globalization began in 1991, for exports. As a trade facilitator, DGFT operates as well. The quality concerns of international buyers are discussed. Facilitating DGFT's trade helps to facilitate the export of Indians to foreign countries. DGFT also implements various schemes in respect of trade advantages around the country from time to time.

 

For exporters, importers, and export and import firms, DGFT is the licensing authority. It is the registration number that helps Indian parties to deal with external trade. The DGFT regional offices issue the IEC number.

 

Following the bilateral agreements between India and other countries, the DGFT allows or controls the transit of goods from or to India. DGFT has authority for exports and imports to be ban, limited and regulated.

 

The issues and concerns of exporters are handled by the DGFT or its regional offices. Grievance committees have been set up under regional licensing o to speedily address legitimate trade and industry concerns relating to policies and procedures.

 

As we move along the road to success, the General Directorate of the International Commerce Consultancy Services is becoming increasingly relevant for us. Along the way we are advancing, it has become increasingly necessary for us to provide consultancy services to the General Directorate of Foreign Trade.

 

For all companies in India to import and export, the IEC Code is a must. The registration code given by DGFT is a single ten-digit code. Sohamma is one of the best DGFT Consultant In Aurangabad. This code helps to track and control an exporter or importer's shipments. To promote foreign exchange, the ITC HS Codes are based on an international Harmonized Coding Scheme.

 

In trading operations, the Indian customs uses an 8-digit ITC HS code. The ITC HS codes are divided into two schedules, Schedule 1 applies to imports and Schedule 2 to exports. DGFT shall introduce any improvements or enhancements such as adjustment to commodity definition, deletion of defunct codes, the addition of new codes, etc.

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