Directorate General of Foreign Trade weighs 'systemic interaction' with Customs department

KOLKATA: The Directorate General of Foreign Trade ( DGFT), an arm of the Union Commerce Ministry, is considering regular 'systemic interaction' with the Customs department to sort out operational issues.

"The attempt is to have such meetings once in two months to resolve operational issues between the two to promote foreign trade," additional DGFT Sanjeev Nandwani told reporters on the sidelines of an event organised by The Bengal Chamber here today.

DGFT is planning to hold a meeting on May 15, the first after the announcement of the Foreign Trade Policy 2015-20 in April, for the operational review.

According to insiders, the meeting is an attempt to clear a few misgivings about the clubbing of advance licence.

Regular operational review meetings based on feedback will take place from time to time.

During 2014-15, India's exports touched the USD 310.5 billion mark in 2014-15 against USD 314.4 billion in the previous year. Imports stood at USD 447.5 billion against USD 450.2 billion in 2013-14.