Indian Bare Acts

THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992

Title : THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992

Year : 1992

ACT NO. 22 OF 1992.
[7th August, 1992.]

An Act to provide for the development and regulation of foreign trade by facilitating imports into, a, A augmenting exports from, India and for matters connected therewith or incidental thereto.

BE it enacted by Parliament in the Forty-third Year of the Republic of India as follows:-

CHAPTER I
PRELIMINARY



(1) This Act may be called the Foreign Trade (Development and Regulation) Act, 1992. Sections 11 to 14 shall come into force at once and the remaining provisions of this Act shall be deemed to have come into force on the 19th day of June, 1992.



In this Act, unless the context otherwise requires,-

(a) "Adjudicating Authority" means the authority specified in, or under, section 13;

(b) "Appellate Authority" means the authority specified in, or under, sub-section (1) of section 15;

(c) "Conveyance" means any vehicle, vessel, aircraft or any other means of transport including any animal;

(d) "Director General" means the Director General of Foreign Trade appointed under section 6;

(e) "Import" and `export" means respectively bringing into, or taking out of, India any goods by land, sea or air;

(f) "Importer-exporter Code Number" means the Code Number granted under section 7;

(g) "Licence" means a licence to import or export and includes a customs clearance permit and any other permission issued or granted under this Act;

(h) "Order" means any Order made by the Central Government under section 3; and

(i) "Prescribed" means prescribed by rules made under this Act.

Last updated on September, 2016

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