Page 5 - Dgft

Fraudulent IGST claims worth Rs 1,875 crore by risky exporters identified

These people are untraceable and the list includes seven 'star' exporters, government sources said

Centre targets China with curbs on import of power tiller and components

Importers would now need licence from DGFT as the product has been moved from 'free' to 'restricted' category; China controls more than 30% of Indian market in this equipment

Covid-19: Govt curbs exports of diagnostic kits with immediate effect

The move would help in dealing with the Covid-19 crisis as these kits are required for the testing of patients.

Govt bans export of key malaria drug to deal with coronavirus outbreak

There are currently no approved treatments, or preventive vaccines for Covid-19, the highly contagious, sometimes deadly respiratory illness caused by the new coronavirus

Pharma group seeks relaxation of export restrictions for committed orders

Bhaskar explained that some of the orders for institutional supplies mandate the supply of all items committed in their contracts.

Airtel's name removed from DGFT blacklist after dialogue with authorities

Airtel said its has now been removed from the denied entry list, after it highlighted the relevant details and documents submitted to the Directorate General of Foreign Trade

Duty incentives for apparel export withdrawn as tax rebate scheme launched

The directorate has also laid out a detailed procedure for availing benefits under the RoSCTL scheme

Airtel says working with DGFT to get name removed from 'Denied Entry List'

Bharti Airtel said it has not applied for any such license since April 2018 as there was no operational need for the same

Govt likely to restore 2% additional duty incentive on mobile phones export

This duty benefit, which will help boost exports, is expected to continue till March 31, 2020

ComMin studying report on revamp of DGFT

Global consulting firm Frost & Sullivan has carried out a study to revamp the Directorate General of Foreign Trade (DGFT) with a view to making it a vibrant body for promoting trade. DGFT under the Commerce Ministry deals with matters related to exports and imports. "The agency has submitted its report and we are looking at that. The revamping is important against the backdrop of changing global trade scenario and implementation of the Goods and Services Tax (GST)," an official said. The move assumes significance as India is aiming to increase its share in the global trade to 3.5 per cent from the current 2 per cent by 2020. According to experts, the country needs a vibrant organisation to promote its trade interests. "We need a vibrant and independent export promotion organisation whose job is to do hand-holding to traders particularly in the small and medium sector," said Biswajit Dhar, professor at the Jawaharlal Nehru University. He cited examples of some South East ...

Ajay Kumar Bhalla appointed new DGFT

Bhalla, a 1984 batch IAS officer of Assam-Meghalaya cadre, is presently additional secretary in the commerce ministry