
Regulatory bodies support in export ans import activities:--
Sep 14, 2024
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Yes, there are several bodies in India that support and facilitate export and import activities:
Export-related bodies:
1. _Export Credit Guarantee Corporation of India (ECGC)_: Provides export credit insurance and risk coverage.
2. _Indian Institute of Foreign Trade (IIFT)_: Offers research, training, and education in international trade.
3. _Federation of Indian Export Organisations (FIEO)_: Represents Indian exporters and provides support services.
4. _Export Promotion Councils (EPCs)_: Industry-specific councils that promote exports and provide support.
5. _Directorate General of Foreign Trade (DGFT)_: Formulates and implements export-import policies.
Import-related bodies:
1. _Directorate General of Foreign Trade (DGFT)_: Regulates and facilitates imports.
2. _Customs and Central Excise Department_: Handles customs clearance and taxation.
3. _Tariff Commission of India_: Advises on tariff policies and import duties.
4. _Bureau of Indian Standards (BIS)_: Ensures quality standards for imported goods.
5. _Food Safety and Standards Authority of India (FSSAI)_: Regulates food imports.
Other bodies that support both export and import activities:
1. _Ministry of Commerce and Industry_: Oversees trade policies and initiatives.
2. _Indian Chamber of Commerce (ICC)_: Promotes trade and industry growth.
3. _Confederation of Indian Industry (CII)_: Supports industry growth and trade development.
4. _Federation of Indian Chambers of Commerce and Industry (FICCI)_: Promotes trade and industry growth.
5. _EXIM Bank of India_: Provides financial support for export-import activities.

These bodies work together to facilitate and promote India's international trade activities.