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What is Restricted Goods Import Authorization?
What is Restricted Goods Import Authorization?
Restricted goods are those goods that cannot be freely imported or exported into the Indian market without any authorization from the DGFT (Directorate General of Foreign Trade). These goods are restricted because of the fact they are harmful to either humans or nation and if they are market freely can cause a great damage to the Nation/Society. The DGFT (Directorate General of Foreign Trade) in India plays a crucial role in regulating the country's foreign trade policies. Restricted goods are to be managed carefully and the DGFT (Directorate General of Foreign Trade) takes the full responsibility in managing that. This is a comprehensive guide to understand the goods under DGFT regulations, their implications for businesses, and the process of dealing with these goods.
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