Foreign Trade Policy is formulated by DGFT , but is administered in close coordination with other agencies. Important authorities dealing with FTP are:
Director General Foreign Trade: (http://dgft.gov.in/) DGFT is the nodal body formulating the Export Import Policy. It works under the Ministry of Commerce. DGFT has several offices in various parts of the country which issues licenses, incentives etc based on the policy formed by the headquarters at Delhi.
Customs: (http://www.cbec.gov.in/): Customs are responsible for clearance of export and import goods after their valuation and examination. Customs follow the policy formed by the DGFT while clearing the goods. Customs works under the Ministry of Finance.
GST: (http://www.cbec.gov.in/): Since there is a GST on almost all the manufactured products, GST authorities need to be involved for all matters of exports, where goods have to be cleared without duty. GST authority works as Customs Departments at various required places, and has a crucial role in the procedural aspects. They work under Ministry of Finance.
Reserve Bank of India (RBI): (https://www.rbi.org.in/): RBI is the nodal bank in the country which formulates all the policy related to management of money, including payments and receipts of foreign exchange. It also monitors the receipt and payments for exports and imports. RBI works under the Ministry of Finance.