Directorate General of Foreign Trade Current Affairs - 2019

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ACC Approves extension of Alok Vardhan Chaturvedi as DGFT

The Appointments Committee of Cabinet (ACC) has approved the extension of Senior bureaucrat Alok Vardhan Chaturvedi by over 3 months, in central deputation as Director General (DG), Directorate General of Foreign Trade (DGFT). Key Highlights A. V. Chaturvedi is a 1986 batch IAS officer of Bihar cadre. He was given extension beyond 18 June 2019 Read More…

Month:  Categories: Persons in News

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Government puts imports of gold dore in restricted category

Directorate General of Foreign Trade (DGFT) under Ministry of Commerce and Industry has put imports of gold dore in restricted category. This means, now, importer needs a license to import this commodity. Gold dore It is semi-pure alloy of gold and silver which is refined for further purification. Proportions of silver and gold can vary Read More…

Month:  Categories: Business, Economy & Banking

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Government bans pet coke import for fuel use

Directorate General of Foreign Trade (DGFT) under Ministry of Commerce and Industry has banned import of petcoke for use as fuel. But it has allowed its import of only for use as feedstock in some select industries such as cement, lime kiln, calcium carbide and gasification industries. These industries were earlier affected by petcoke-related policy flip-flops, which Read More…

Month:  Categories: Environment & Biodiversity

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DGFT doubles incentives rates for garments under Merchandise Exports from India Scheme

Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry has doubled rates for incentives under Merchandise Exports from India Scheme (MEIS) from 2% to 4% of value of exports. The rates for incentives under this scheme have been enhanced for two subsectors of textiles industry — readymade garments and made-ups. This measure will Read More…

Month:  Categories: Government Schemes & Projects

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Government bans import of gold, silver items from South Korea

The Directorate General of Foreign Trade (DGFT) in the Union Commerce Ministry has banned duty free imports of gold, silver items from South Korea. These restrictions were imposed against the backdrop of sudden surge in imports of precious metals from South Korea, with which India has a free trade agreement (FTA) since January 2010. Now, Read More…

Month:  Categories: Business, Economy & Banking

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