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Home > Indian Bare Acts > THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992 > CHAPTER II POWER OF CENTRAL GOVERNMENT TO MAKE ORDER AND ANNOUNCE EXPORT
AND IMPORT POLICY |
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| THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992 |
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Title : THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992
Year : 1992
Act :
CHAPTER II
POWER OF CENTRAL GOVERNMENT TO MAKE ORDER AND ANNOUNCE EXPORT
AND IMPORT POLICY
3.Powers to make provisions relating to imports and exports.
3. Powers to make provisions relating to imports and exports.
(1) The Central Government may, by Order published in the Official
Gazette, make provision for the development and regulation of foreign trade by facilitating imports and increasing exports,
(2) The Central Government may also, by Order published in the
Official Gazette, make provision for prohibiting, restricting or otherwise regulating, in all cases or in specified classes of cases and subject to such exceptions, if any, as may be made by or under the
Order, the import or export of goods.
(3) All goods to which any Order under sub-section (2) applies shall be deemed to be goods the import or export of which has been prohibited under section 11 of the Customs Act, 1962 (52 of 1962) and all the provisions of that Act shall have effect accordingly.
4.Continuance of existing Orders.
4. Continuance of existing Orders. All Orders made under the
Imports and Exports (Control) Act, 1947 (18 of 1947), and in force immediately before the commencement of this Act shall, so far as they are not inconsistent with the provisions of this Act, to be in force and shall be deemed to have been made under this Act.
5.Export and import policy.
5. Export and import policy. The Central Government may, from time to time, formulate and announce by notification in the Official
Gazette, the export and import policy and may also, in like manner, amend that policy.
6.Appointment of Director General and his functions.
6. Appointment of Director General and his functions. (1) The
Central Government may appoint any person to be the Director General of Foreign Trade for the purposes of this Act,
(2) The Director General shall advise the Central Government in the formulation of the export and import policy and shall be responsible for carrying out that policy.
(3) The Central Government may, by Order published in the
Official Gazette, direct that any power exercisable by it under this
Act (other than the powers under sections 3, 5, 15, 16 and 19) may also be exercised, in such cases and subject to such conditions, by the Director General or such other officer subordinate to the Director
General, as may be specified in the Order.
CHAP
IMPORTER-EXPORTER CODE NUMBER AND LICENCE
Last updated on February, 2008
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