The Foreign Trade (Development and Regulation) Act, 1992
An Act to provide for the development and regulation of foreign trade by facilitating imports into, and augmenting exports from, India and for matters connected therewith or incidental thereto.
The full text of The Foreign Trade (Development and Regulation) Act, 1992, 29 sections, section by section, with the customs notifications, circulars and judgments that apply to each provision.
History
- 19 Jun 1992 — Came into force
- 7 Aug 1992 — Enacted (Act 22 of 1992)
Preamble
Sections
- Section 1 — Short title and commencement.
- Section 2 — Definitions.
- Section 3 — Powers to make provisions relating to imports and exports.
- Section 4 — Continuance of existing orders.
- Section 5 — Foreign Trade Policy.
- Section 6 — Appointment of Director General and his functions.
- Section 7 — Importer-exporter Code Number.
- Section 8 — Suspension and cancellation of Importer-exporter Code Number.
- Section 9 — Issue, suspension and cancellation of licence.
- Section 9A — Power of Central Government to impose quantitative restrictions.
- Section 10 — Power relating to search and seizure.
- Section 11 — Contravention of provisions of this Act, rules, orders and foreign trade policy.
- Section 11A — Crediting sums realised by way of penalties in Consolidated Fund of India.
- Section 11B — Empowering Settlement Commission for regularisation of export obligation default.
- Section 12 — Penalty or confiscation not to interfere with other punishment.
- Section 13 — Adjudicating Authority.
- Section 14 — Giving of opportunity to the owner of the goods (including the goods connected with services or technology), etc.
- Section 14A — Controls on export of specified goods, services and technology.
- Section 14B — Transfer controls.
- Section 14C — Catch-all controls.
- Section 14D — Suspension or cancellation of a licence.
- Section 14E — Offences and penalties.
- Section 15 — Appeal.
- Section 16 — Review.
- Section 17 — Powers of Adjudicating and other Authorities.
- Section 18 — Protection of action taken in good faith.
- Section 18A — Application of other laws not barred.
- Section 19 — Power to make rules.
- Section 20 — Repeal and savings.
Rules made under this Act
- Foreign Trade (Regulation) Rules, 1993 — Short title and commencement
- Foreign Trade (Regulation) Rules, 1993 — Definitions
- Foreign Trade (Regulation) Rules, 1993 — Grant of special licence
- Foreign Trade (Regulation) Rules, 1993 — Application for grant of licence, certificate, scrip or any instrument bestowing financial or fiscal benefits
- Foreign Trade (Regulation) Rules, 1993 — Fee
- Foreign Trade (Regulation) Rules, 1993 — Conditions of licence, certificate, scrip or any instrument bestowing financial or fiscal benefits
- Foreign Trade (Regulation) Rules, 1993 — Refusal of grant of licence, certificate, scrip or any instrument bestowing financial or fiscal benefits and recovery of benefits
- Foreign Trade (Regulation) Rules, 1993 — Amendment of licence
- Foreign Trade (Regulation) Rules, 1993 — Suspension of a licence, certificate, scrip or any instrument bestowing financial or fiscal benefits
- Foreign Trade (Regulation) Rules, 1993 — Cancellation of the licence, certificate, scrip or any instrument bestowing financial or fiscal benefits
- Foreign Trade (Regulation) Rules, 1993 — Declaration as to value, quantity and quality of imported goods or services or technology
- Foreign Trade (Regulation) Rules, 1993 — Declaration as to Importer-exporter Code Number
- Foreign Trade (Regulation) Rules, 1993 — Utilisation of imported goods or services or technology
- Foreign Trade (Regulation) Rules, 1993 — Prohibition regarding making, signing of any declaration, statement or documents
- Foreign Trade (Regulation) Rules, 1993 — Power to enter premises and inspect, search and seize goods, documents, things and conveyances
- Foreign Trade (Regulation) Rules, 1993 — Settlement
- Foreign Trade (Regulation) Rules, 1993 — Confiscation and redemption
- Foreign Trade (Regulation) Rules, 1993 — Confiscation of conveyance
- Safeguard Measures (Quantitative Restrictions) Rules, 2012
- Foreign Trade (Regulation) (Amendment) Rules, 2015
- Foreign Trade (Regulation) Rules, 1993
- Foreign Trade (Exemption from Application of Rules in Certain Cases) Order, 1993
Official text: India Code