DGFT(Directorate General of Foreign Trade) License: A Comprehensive Guide

DGFT Overview

A government organization under the jurisdiction of India's Ministry of Commerce and Industry is the Directorate General of Foreign Trade (DGFT). It is in charge of overseeing India's international trade. The DGFT's primary duty is to grant import-export permits for various products and services.

Types of DGFT Licenses

DGFT licenses come in various forms, each with unique specifications and limitations. The following are a few typical DGFT license types:

• General Import License (GIL): This license allows for importing specified goods without specific permission from the DGFT.

• Specific Import License (SIL): This license is required to import goods restricted or prohibited under the Foreign Trade Policy.

• Export Promotion Capital Goods (EPCG) Scheme License: This license allows for the duty-free import of capital goods for export production.

• Advance Authorization (AA) Scheme License: This license allows for the duty-free import of inputs to manufacture export products.

How to Obtain a DGFT License

The following actions must be taken to obtain a DGFT license:

1. Registration: Register with the DGFT online portal using the required documents.

2. Application: Submit an application for the desired type of DGFT license, along with the necessary supporting documents.

3. Verification: The DGFT will verify the documents and information provided by the applicant.

4. Approval: The DGFT will issue the import-export license if the application is approved.

DGFT License for Gold Import

Gold Import and the DGFT

The DGFT has imposed a number of rules and limitations on the import of gold into India. These laws are intended to restrict the amount of gold that enters the nation and stop illicit smuggling.

Requirements for Gold Import License

You need a special import license from the DGFT to import gold into India.

Usually, the application requires the following documents:

• Import Declaration Form (IDF): This form must be filled out accurately and submitted along with the application.

• Proof of identity and address: A passport, PAN card, or Aadhaar card.

• Import authorization: You must present an import authorization letter from the other party if you are importing gold on their behalf.

• Financial documents: To prove that you can afford the gold, you might be required to submit financial documentation.

• Customs clearance documents: Once the gold is imported, you must obtain customs clearance.

How to Download the Import-Export License Certificate from the DGFT Site

Once the DGFT license is issued, you can download the certificate from the DGFT online portal. Here are the steps:

1. Login to the DGFT online portal using your registered credentials.

2. Download: Go to the "My Licenses" section and click the "Download" button next to the desired license.

3. Save: Save the downloaded certificate for your records.

DGFT License Fees

The license type and the value of the goods imported or exported determine how much a DGFT license costs. Current details about DGFT license fees can be found on the DGFT website.

Bottom Line

Any company in India that engages in import-export activities must have a DGFT license. Your DGFT license certificate can be successfully obtained and downloaded by following the instructions provided in this blog post.