Launch of New DGFT Platform
As part of the Digital India program and to ensure Ease of Doing Business, the Directorate General of Foreign Trade (DGFT) has planned to launch a new DGFT platform. The DGFT, vide its trade notification dated 25th June 2020, has announced that the first phase of the DGFT's new digital platform will Go-Live on 13th July 2020. This upgraded DGFT platform will become accessible through the Existing DGFT website. The primary objective of this initiative is to revamp the DGFT service delivery mechanisms and to promote and facilitate foreign trade. The current article exhaustively explains the launch of the New DGFT platform and its features.The Gist of DGFT Trade Notification
The Directorate General of Foreign Trade (DGFT) has upgraded to a new DGFT platform to simplify business services and make them better for traders. DGFT has notified that the DGFT will be offering services related to the Importer Exporter Code (Digital Delivery of IEC) in the first phase. All other online services will be rolled out after the first phase stabilizes. DGFT also informed that for the go-live of the first phase and the required systems configurations, the IEC applications and modification process would be suspended from 3:00 pm on 10.07.2020 till 13.07.2020. Stakeholders are requested to plan the IEC services.Earlier DGFT – Director General of Foreign Trade
Directorate General of Foreign Trade (DGFT), formerly the Chief Controller of Imports and Exports (CCI&E), is India’s official administrating body for imports and exports. It is an attached Department of Ministry and Commerce office in New Delhi. Its zonal offices are in Delhi, Mumbai, Kolkata, and Chennai. DGFT is accountable for implementing the Foreign Trade Policy, with the primary objective of promoting the Nation’s exportsServices offered by the New DGFT platform
The following services will be offered to the Exporter/Importer in the DGFT’s newly developed platform:Services Related to Importer Exporter Code – First Phase
- From 13th July 2020, the trader can access the New DGFT Platform for obtaining the Importer Exporter Code (IEC), IEC Modification, and IEC amendments.
- Along with the IEC process, a virtual assistant - Chatbot will be available in the new platform to address the trader’s queries.
All Other DGFT Services – Next Phase
Once the first phase of the new DGFT platform stabilizes, the DGFT will offer the following service to traders in the next phase.- Services related to Advance Authorization
- Services related to the Export Promotion Capital Goods (EPCG) scheme
- Exports obligation Discharge
Enhanced Features of the New DGFT Platform
- The new DGFT platform is also designed for the smooth migration of legacy (older) data of DGFT and its stakeholders. The existing data will be used for the online processing of the previous applications.
- The trader will be able to monitor the status of the applications and pending obligations. These numerous features should significantly benefit the trade community. Traders are requested to familiarize themselves with the new platform and its features.
Procedure to Use the New DGFT platform
The trader can access the DGFT services only through a valid username and password; the new digital platform has been designed accordingly.DGFT User Registration
For creating DGFT user ID, the IEC holders' registered mobile number and Email ID are mandatorily required. The same will be authenticated by the OTP/email-based authentication process.Link Login ID with IEC
According to the new DGFT platform design, the DGFT user needs to link the login IDs (DGFT User ID) to their specific Import Export Code. Linking user ID with IEC will be available post login through Digital Signature/Aadhaar-based e-Sign.Digital Signature (DSC)/Aadhaar-based e-Sign
Digital Signature (DSC)/Aadhaar-based e-Sign will be required for the following services.- IEC Application
- Modification of IEC
- Adding or updating the IEC-linked users
Apply for the DGFT Services
The newly created user profile can be used to engage with DGFT and its services. As mentioned above, users can electronically apply for related Import Export Code, Advance Authorization, and Export Promotion Capital Goods (EPCG) schemes after logging into the portal. Along with the application following services will also be available for the trader.- Amendments and Redemption
- Monitoring the status of the application
- Raising queries,
- Replying to the deficiencies
- All other services related to the Foreign Trade policy
Related Guides
Popular Post
Starting a small business can be a transformative venture, offering the exciting opportunity...
Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax...
Goods & Services Tax Certificate is issued to people who are registered under GST...
GST registration applies to all individuals and entities supplying goods or services in India. GST...
Gift tax in India is applied when the value of the received gift exceeds ₹50,000 in the...
The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the...
The Goods and Services Tax (GST) is an indirect tax system introduced in India in 2017. It functions...
A trademark search is simply checking if another person or organization does not already own the...
Section 194H of the Income Tax Act in India mandates the deduction of Tax at Source (TDS) on commission or brokerage...
Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to...
The Income Tax Department (ITD) has not provided specific guidance on crypto taxes for Indian investors. However...
Internal audit applicability is a critical concept for companies in India, impacting various...
In the business world, two main types of companies exist: private company and public company...
Ministry of Finance vide a Notification No 05/2022- Central Tax (Rate) dated 13.7.2022 has issued...
The Central Board of Indirect Taxes and Customs (CBIC) has recently announced an extension...
Depreciation is a key concept in finance and accounting. It helps us manage how the value of...
Form 10IA of the Income Tax Department must be filed by taxpayers claiming income tax deduction...
The Goods and Services Tax (GST) system in India has been a significant reform in the country's...
India's Gross Domestic Product (GDP) benefits significantly from the substantial...
The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act...
The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced by Union Finance Minister...