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THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992

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

Year : 1992



(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.



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.



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.



(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.
Last updated on July, 2016

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