Synopsis The Directorate General of Foreign Trade (DGFT) has sought the undertaking from importers that are also required to furnish records for the past three years. Reuters Failure to do so will attract penalties as New Delhi seeks to curb imports and push local manufacturing. Mumbai: Traders seeking tyre import licences must submit an undertaking that they will only purchase those tyres sizes not made locally. Failure to do so will attract penalties as New Delhi seeks to curb imports and push local manufacturing. The Directorate General of Foreign Trade (DGFT) has sought the undertaking from importers that are also required to furnish records for the past three years. They are being allowed to import only 40% of their trade average volume in the past three years. ET has reviewed the text of this undertaking.