Question

Which authority acts as a facilitator of exports and imports in India?

• A. DGFT (Director General, Foreign Trade)
• B. DGS&D (Director General, Supply & Depot)
• C. Minister of Commerce and Trade
• D. Chief Secretary, Ministry of Commerce and Trade

Hint:

Exporters and importers must regularly update their knowledge of the latest For eign Trade Policy changes through DGFT notifications

Answer 1

The Correct Option is A

The DGFT is the primary regulatory body overseeing India's import-export policies. It formulates and implements the Foreign Trade Policy (FTP) to promote exports and regulate imports. DGFT issues Importer Exporter Codes (IEC), licenses for exporters and importers, and administers various schemes such as SEIS (Service Exports from India Scheme) and MEIS (Merchandise Exports from India Scheme). It also ensures that India's trade aligns with international agreements and compliance standards.