Source: The Economic Times, Jun 25, 2020
NEW DELHI: The Directorate General of Foreign Trade (DGFT) will launch a new digital platform on July 13 the first phase of which will cater to the services related to the issuance of Import Export Code (IEC), modification, amendment processes along with a Chatbot (a virtual assistant).
The IEC is mandatory for companies and businesses to start a business that deals with import and export.
The platform is aimed to help traders electronically file their application related to IEC, various exports schemes such as advance authorisation and Export Promotion Capital Goods (EPCG), monitoring the status of the application and raising queries among other services related to the Foreign Trade policy.
“Other online modules relating to Advance Authorisation, EPCG, and Exports Obligation Discharge which are part of next phase will be rolled out subsequently after the first phase stabilizes,” DGFT said in a trade notice.
The users will be able to monitor the status of their applications and the pending obligations thereof. These numerous features should significantly benefit the trade community.