IDT MCQ — While the DGFT formulates the Foreign Trade Policy, which authority is primarily responsible for the

**While the DGFT formulates the Foreign Trade Policy, which authority is primarily responsible for the clearance of export and import goods after valuation and examination?** A) Directorate General of Foreign Trade (DGFT) B) Reserve Bank of India (RBI) C) Central Board of Indirect Taxes and Customs (CBIC) D) State GST Authorities ✅ **Answer: (C) Central Board of Indirect Taxes and Customs (CBIC)** **Clearance of export/import goods — the Customs wing of CBIC.** Though the DGFT *formulates* the FTP, actual clearance of goods after valuation and examination is done by the **Central Board of Indirect Taxes and Customs (CBIC)** through its Customs Department, which follows the DGFT's policy while clearing cargo. DGFT issues authorisations and the IEC but does not clear cargo; RBI monitors forex payments; State GST authorities handle GST jurisdiction. Hence **CBIC** is the answer. _Practise 1000s more free CA Final MCQs 👉 https://conferenza.in/mcqs — and discuss your approach below._