To comply with the requirements of the foreign relations authorization act. For the ftdr act, the rules framed and issued by the government are called foreign trade regulation rules, 1993 which lay down the various operational provisions such as fee requirements for issuance of licenses, conditions of licenses, refusal, suspension and cancellation of licenses etc. The act hasnt been originated as a separate act to regulate the foreign policy, but the same came into existence as a replacement to the import and exports control act, 1947. The foreign policy of india is governed and regulated by the foreign trade development and regulation act, 1992. The foreign trade development and regulation act,1992. An act to promote the development of an open, nondiscriminatory, and fair world. Giving of opportunity to the owner of the goods etc.
In section 2 of the foreign trade development and regulation act. Be it enacted by parliament in the fortythird year of the. Be it enacted by parliament in the fortythird year of the republic of india as follows. An act to provide for the development and regulation of foreign trade by facilitating imports into, and augmenting exports from, india and for. 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. 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. Negotiating objectives with respect to trade in services, foreign direct in. Foreign trade development and regulation act, 1992 national. Contravention of provisions of this act, rules, orders and export and import policy. This act was established on the 7 th of august in the year 1992.
Notified developing countries under subsection 4a of section 9a of the foreign trade development and regulation act, 1992 notification dated 31st january, 20. Special offer on gst package for cas as per the mou with icai. An act to provide for the development and regulation of foreign trade by facilitating imports into, and augmenting exports from india and for. Penalty or confiscation not to interfere with other punishment. Of 1992 7th august, 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.
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