Directorate General of Foreign Trade (DGFT)

DGFT functions under the Ministry of Commerce and Industry and is responsible for implementing India's Foreign Trade Policy (FTP). It regulates export and import activities through licences, authorisations, and notifications. Under the FTP, certain sensitive commodities — including gold and silver — are placed in a "restricted" category, meaning they can only be imported by entities specifically nominated or authorised by the RBI or DGFT.