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The commerce ministry's arm DGFT has approved applications of seven companies for the import of 642 cars for the remainder of this year from Britain under the tariff rate quota provisions of the India-UK free trade agreement, an official said on Wednesday. The Directorate General of Foreign Trade (DGFT) in July invited applications for the allocation of 2026 import quotas for fully-built passenger cars and goods vehicles under the duty concession provisions of the agreement. The applications were sought for a quota for about 5,000 units. "The directorate had received applications from eight companies. We have approved applications of seven. Quota has been approved for 642 cars," the official said. Under the India-UK Comprehensive Economic and Trade Agreement (CETA), which came into effect on July 15, New Delhi has allowed the import of a total of 3.78 lakh units of conventional-engine passenger cars, including those in the mass segment, from the UK at a concessional customs duty ...
The commerce ministry has decided to set up a central processing department in the Directorate General of Foreign Trade (DGFT) to implement a faceless trade facilitation system, a move aimed at promoting ease of doing business for exporters and importers. According to an office memorandum of the DGFT, the Central Processing Department (CPD) will act as a central unit for processing of trade-related applications. It will be located at the central licensing area in Delhi. "The system is proposed to be dedicated to the nation during the second fortnight of October 2026," it said. The faceless trade facilitation is a key initiative of of the government which is aimed at enabling faceless, paperless and jurisdiction-free processing of trade-related applications. It would help reduce processing time, enhance transparency and improve ease of doing business for exporters and importers. As many as 53 DGFT officers from Delhi and regional centres have been posted or transferred to the ...
The government on Monday imposed curbs on imports of Glufosinate and its salts, a herbicide used in agriculture sector, for six months. "The import of Glufosinate and its salts... shall be restricted where the combined amount of the CIF (cost, insurance, freight) value and applicable anti-dumping duty, calculated on a per kilogram basis, is less than Rs 1,154," the Directorate General of Foreign Trade (DGFT) said in a notification. It said the restriction will be in place for six months.
The government on Monday halved the rate of duty benefits under the export support scheme, RoDTEP, prompting the exporting community to seek a reconsideration of the decision. The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and are not being reimbursed under any other mechanism at the Centre, state or local level. With immediate effect, the Directorate General of Foreign Trade (DGFT) said, the applicable RoDTEP rates shall be limited to 50 per cent of the existing rates. Refunds under the scheme range from 0.3 per cent to 3.9 per cent. "RoDTEP benefits shall be restricted to 50 per cent of the notified rates and value caps with immediate effect," the DGFT said in a notification. Commenting on the move, Federation of Indian Export Organisations (FIEO) President S C Ralhan said the reduction of rates and