36. THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT-1992
This Act empowers Central Government to make provisions for the development and regulation of foreign trade by facilitating imports and increasing exports. It is also empowers to make provisions for prohibiting, restricting or otherwise regulating cases by or under the order, the import or export of goods.

The Central Government is also authorised formulate and announce the export and import policy from time to time.

It also contains provisions for importer-exporter code number and licence relating to import and export. Every importer-exporter has to obtain importer-exporter code number under this act.

The Director General of Foreign Trade is the authority constituted for the purpose of this act.

BACK@HOME