Looking at the various notifications and circulars declared by DGFT India, being published on their website, it gives the traders the added advantage of keeping updated with the trends and policies Indian Foreign Trade.
Online PR News – 18-October-2010 – – New Delhi, India, Oct 18, 2010: Infodrive India, a market leader providing Competitive Business Intelligence on Exports Imports, has updated DGFT notifications and circulars on 30th September 2010.
The DGFT, which provides a set of guidelines and framework for importers and exporters wanting to trade in India, has announced 2 new notifications on 30. 09. 2010 and 1 circular on 07.09.2010. One notification is regarding prohibition of export of edible oils and the other is regarding amendments in notification No.58/2009-14 dated 17.8.2010 (Export of Cotton). The new circular is about export of sugar - reintroduction of the system of export release orders w.e.f. 1.1.2009 for export under OGL/Advance Authorisation on 'ton-to-ton' basis-reg. these notifications are now available at InfodriveIndia.com.
Prohibition of exports of edible oils is a significant step in the sense that the people of India who cannot access edible oils because of high prices will be able to buy them. As inflation is on a rise, the poor people have been hit hard as they are unable to avail them. DGFT India, a government organization in India, is responsible for the formulation of such EXIM and principles for Indian importers and Indian of the country. Accessibility of information on policy is very necessary for traders to run their business. DGFT Delhi is located at IP Bhawan, New Delhi and all notifications can also be obtained from our website which is updated on a regular basis. DGFT Delhi is the Zonal Office (North Zone) under Ministry of Commerce, Government of India with nine Regional Offices under its jurisdiction. This information on policies is also available online.
These notifications and circulars assist the traders by keeping them up to date with the latest restrictions or extrications of any goods or services. Whatever happens in India’s Trade Policy, Infodrive India updates it on its website. The traders do not have to logon to the website of DGFT India now. They can view the new notifications and circulars on Infrodrive India’s website and thereby act upon it.
To know more just visit the website http://www.infodriveindia.com/exim/dgft/default.aspx