Role of an ITS Officer - UPSC
The importance of ITS should be emphasized, as it is vital for the smooth running of the country's economy and the country's progress. In this article, you'll learn the role of an ITS officers, the perks they enjoy, and their salary. And, as we know, that for every up, there is always a down. You'll also get to know some of the challenges the officers face.
ITS is an acronym that stands for Indian Trade service. It falls under the Group A section of the central civil services of the Government of India. ITS was created to handle India's international trade and commerce based on the recommendations of the Mathur Committee in 1965 (a study group on the body overseeing import and export commerce led by Sri H.C. Mathur, a member of parliament).).
The authority of the Indian Trade Service is currently controlled by the Directorate General of Foreign Trade(DGFT) under the Ministry of Commerce. The Indian Trade Service was established for the unique role of increasing Indian International Trade and Commerce.
ITS is divided into nine different divisions:
International Trade Policy Division
Foreign Trade Policy Division
Export Product Division
Export Industries Division
Export Services Division
Economic Division
Administration and General Service Division
Finance Division
Supply Division
Responsibilities of an ITS Officer
The roles and responsibilities that ITS officers discharged include:
Negotiation of international trade and commercial diplomacy.
Export promotion through various initiatives.
Implementation of trade policy.
Formulating international trade policies.
Documentation of lessons for future use.
Provision of licenses for various import and export commodities.
Allocation of export and tariff quotas to various sectors of goods and services.
Handling of the trade dispute between India and foreign firms.
Coordination of financial activities and obtaining payment for import and export operations.
Salary of an ITS Officer
The salary of ITS officers varies based on their grades and rank.
DESIGNATIONS | SALARY SCALE | GRADE PAY |
Assistant Director General of Foreign Trade | Rs 15,600 - Rs 39,100 | Rs 5400 |
Deputy Director General of Foreign Trade | Rs 15,600 - Rs 39,100 | Rs 6,600 |
The Joint Director General of Foreign Trade | Rs 15,600 - Rs 39,100 | Rs 7,600 |
Joint Director General of Foreign Trade/Director | Rs 37,400 - Rs 67,000 | Rs 8,700 |