Industry welcomes DGFTs move on reduction of docs for exports and imports
Jayarama Emani| The Dollar Business The recent move by the Directorate General of Foreign Trade (DGFT) to reduce the mandatory documents required for import and export of goods to three each received a positive response from the industry circles. Speaking to The Dollar Business, Ajay Sahai, Director General & CEO of Federation of Indian Export Organisations (FIEO) said, “The reduction of export and import documents from seven to three and 10 to three respectively will not only reduce the transaction time and cost but will send the right signal to both domestic and foreign investors that government is keen to ease the business processes. Such a move will help India to improve its ranking in Trading Across Border segment of ...
