Trade words
DGFT
Directorate General of Foreign Trade
The Commerce Ministry office that sets India's import and export policy and issues IECs and licences.
Lessons that use this word
Lesson 24 min readIEC: what it is, who needs one, how to apply on DGFTThe 10-character code you need to import or export goods: who is exempt, how to apply on DGFT, and the yearly update that keeps it active.
Lesson 44 min readExport promotion councils and the RCMCWhat export promotion councils are, what an RCMC proves, when the Foreign Trade Policy asks for one, and how to get and renew it on DGFT.
Lesson 154 min readBIS certification and quality control ordersWhat a quality control order is, which products need the BIS mark, what it means for importers and their foreign suppliers, and how to check.
Lesson 164 min readImport and export policy: free, restricted, prohibitedHow DGFT's ITC(HS) says whether a product may be traded freely, needs a licence, goes only through a state agency, or is banned.
Lesson 294 min readTracking rule changes for your HS codesWhere changes to duty, policy and standards come from, how to read a notice's dates, and a simple weekly routine to catch them in time.
All trade words
Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.