📢 What is DGFT and FEMA? | Complete Role in Export-Import #exim #shorts | By Rajnish Sir | CIES 🌍📦

📢 What is DGFT and FEMA? | Complete Role in Export-Import Explained | By Rajnish Sir | CIES 🌍📦
Link :    • 📢 What is DGFT and FEMA? | Complete R...  

If you're starting your export-import business, it’s super important to understand the role of DGFT (Directorate General of Foreign Trade) and FEMA (Foreign Exchange Management Act). In this video, Rajnish Sir from Connecting Exim Solution India (CIES) explains how both these bodies regulate and support international trade from India 🇮🇳🌐

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🔍 What is DGFT?
DGFT is the government body under the Ministry of Commerce that handles export-import policies, licensing, and promotes India’s trade 📊
✅ DGFT issues the IEC (Import Export Code)
✅ Provides export incentives and schemes
✅ Updates trade policy and restrictions
✅ Manages Advance Authorization, EPCG, RoDTEP etc.

🔍 What is FEMA?
FEMA is a law that controls and manages foreign exchange transactions in India 💱
✅ Ensures that all international payments are legal
✅ Helps in maintaining transparency in export payments
✅ Regulates forex earnings and spending for businesses
✅ FEMA compliance is must for all exporters/importers 🚨

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❓ Common Questions Related to DGFT & FEMA

Q1. Do I need to register with DGFT to export?
✅ Yes! DGFT provides your IEC code, which is mandatory for exports/imports.

Q2. Is FEMA required for small exporters also?
✅ Yes, FEMA applies to everyone dealing with foreign currency, whether big or small.

Q3. What happens if I don’t follow FEMA rules?
❌ You may face heavy penalties, and even your IEC can be blocked.

Q4. Does DGFT provide support or benefits to exporters?
✅ Absolutely! Schemes like RoDTEP, MEIS, and Duty Drawback come under DGFT.

Q5. Is DGFT work all online now?
✅ Yes, most services like IEC application, modification, and scheme filing are done online at [https://www.dgft.gov.in](https://www.dgft.gov.in) 💻

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🏷️ Hashtags:
#DGFT #FEMA #exportimportindia #rajnishsir #cies #dgftexplained #foreigntradeindia #iec2025 #importexporttraining #connectingexim
#howtoexport