HomeLatest NewsGovTechGST Impact: Modi govt to merge DGFT with CBEC

GST Impact: Modi govt to merge DGFT with CBEC

The Modi government is working on a proposal to merge the Directorate General of Foreign Trade (DGFT) with Central Board for Excise and Customs (CBEC) to promote ease of doing business for exports and imports

Preferred Source of Google

The Modi government is working on a proposal to merge the Directorate General of Foreign Trade (DGFT) with Central Board for Excise and Customs (CBEC) to promote ease of doing for exports and imports. The DGFT and CBEC are under the ministries of commerce and finance, respectively. The proposal also assumes significance as a bulk of the current work profile of the foreign trade regulator DGFT is going online with digitisation and rollout of the goods and services tax (GST).

The DGFT, headed by an Indian Administrative Service () officer, facilitates exports, formulates foreign trade policy and administers programmes like the Merchandise Exports from India Scheme, Advance Authorisation and Export Promotion for Capital Goods. Indian Trade Service (ITS) cadre officials mainly work in this body. According to sources, the matter was discussed recently in an inter-ministerial meeting convened by the Cabinet Secretariat.

“There are some synergies between customs and the DGFT. The two can be merged so that policy and implementation is with one body. Outward looking infrastructure support related activities will be taken care of by the DGFT post merger,” they said.

Advertisement
Infosec Reimagined
Infosec Reimagined
Infosec Reimagined is the premier information security summit where top leaders—CISOs, CROs, CIOs, CTOs and risk executives—converge to redefine cyber resilience.
Register Now →
Digital Senate
Digital Senate
Digital Senate is a premier conference uniting government leaders, technologists and innovators to share ideas, success stories and strategies on digital governance, public sector transformation, cybersecurity and emerging technologies in India.
Register Now →
National DefTech Summit
National DefTech Summit
An annual gathering of defence technology professionals from government, public sector, enterprises and startups.
Register Now →

With the focus on digitisation, most of the activities are now being handled online like providing export-import code numbers and the like. Once the new indirect tax regime GST comes into effect, all the remaining work will be carried out digitally, sources added.

As India is also implementing ‘s trade facilitation agreement, it would be prudent that all trade facilitation related work comes under a single body.

As per the World Bank’s report (2017), India is ranked 130th out of 190 economies and further lower at 143rd when it comes to ‘trading across borders’.

Advertisement

NEWSLETTERThe Daily BriefingThe day's top enterprise technology stories, curated by our editors. Monday to Friday.

Free. One-click unsubscribe anytime. We never share your email.

Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
  • Read More News On
  • GST
Advertisement
- Advertisement -
- Advertisement -

IBM warns most firms unprepared for quantum computing hacks

Fewer than 10 per cent of organisations globally have prepared for the cybersecurity risks posed by quantum computing, IBM's Europe and Africa vice-president has warned. The technology could eventually break encryption protecting banks, digital signatures and blockchain networks.

RELATED ARTICLES