foreign trade development and regulation act 1992 pdf Sunday, May 2, 2021 5:53:07 AM

Foreign Trade Development And Regulation Act 1992 Pdf

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Published: 02.05.2021

It also aims to impose Quantitative Restrictions and to bring in provisions for more stringent control for trade of dual-use goods and technologies. However, the effective date of the provisions would be notified separately.

Powers to make provisions relating to imports and exports. Continuance of existing Orders. Export and import policy. Appointment of Director General and his functions.

India Exim Policy - Foreign Trade Policy.

In section 2 of the Foreign Trade Development and Regulation Act, 22 of herein after referred to as the principal Act , - a for clause e following shall be substituted, namely:, e import and export means, - I in relation to goods, bringing into, or taking out of, India any goods by land, sea or air; II in relation to services or technology, - supplying, services or technology- A from the territory of another country into the territory of India.

B in the territory of another country to an Indian service consumer; C by a service supplier of another country, through commercial presence in India; D by a service supplier of another country, through presence of their natural persons in India; supplying, services or technology - A from India into the territory of any other country; B in India to the service consumer of any other country; C by a service supplier of India, through commercial presence in the territory of any other country D by a service supplier of India, through presence of Indian natural persons in the territory of any other country; Provided that import and export in relation to the goods, services and technology regarding Speci In section 3 of the Principal Act, - a in sub-section 2 , - i for the words import or export of goods the words import or export of goods or services or technology shall be substituted; ii after sub-section 2 , the following proviso shall be inserted, namely: - Provided that the provisions of this sub-section shall be applicable, in case of import or export of services or technology, only when the service or technology provider is availing benefit under the foreign trade policy or is dealing with specified services or specified technologies.

Substitution of new section for section 5 5. For section 5 of the principal Act, the following section Amendment of section 9 9. In section 9 of the principal Act, - a in sub-sections 1 , 3 , 4 and 5 , for the word licence , wherever it occurs, the words licence, certificate, scrip or any instrument bestowing financial or fiscal benefits shall be substituted; b for sub-section 2 , the following sub-section shall be substituted, namely - 2 The Director General or an officer authorized by him may, on an application and after making such inquiry as he may think fit, grant or renew or refuse to grant or renew a licence to import or export such class or classes of g Amendment of section In section 10 of the principal Act, for sub-section 1 , the following sub-section shall be substituted, namely- 1 The Central Government may, by notification in the Official Gazette, authorize any person for the purposes of exercising such powers with respect to- a entering such premises where the goods are kept, stored or processed, manufactured, traded or supplied or received for the purposes of import or export and searching inspecting and seizing of such goods, documents, things and conveyances connected with such import and export of goods Insertion of new sections 11A and 11B.

After section 11 of the principal Act, the following sections shall be inserted, namely:- Crediting sums realized by way of penalties in consolidated Fund of India. All sums realized by way of penalties under this Act shall be credited to the Consolidated Fund of India.

Empowering Settlement Commission for regularistion of export obligation default. Settlement of customs duty and interest thereon as ordered by the Settlement Commission as constituted under section 32 of the Central Excise Act, , 1 of shall be deemed to be a settlement under this Act. In section 14 of the principal Act, for the word goods at both the places where it occurs, the words and brackets goods including the goods connected with services or technology shall be substituted.

Insertion of a new Chapter IVA. After Chapt Site Map - Recent Site Map. F : GST on movie co-production. F : Revenue sharing agreement. F : E-invoicing Applicability. GSTN Webinar on e-invoicing for taxpayers. N : Seeks to impose provisional anti-dumping duty on imports of Ciprofloxa N : Amendment in Notification No.

APEDA organizes first ever virtual trade fair to boost export potentia Income Tax Department conducts searches in Kolkata. DGGI Gurugram officials arrest man for input tax credit fraud of more H : Classification of goods - Air Springs - the product as a whole is not H : Grant of Bail - input tax credit - fake invoices - The rival contentio H : Disallowance on provision of loss on derivative contracts - The loss s H : Detention cum demurrage waiver certificate - respondent No.

H : Import of branded goods in the name of fictitious entities - Misdeclar Tax Management India. Forum What's New Sub-Menu. TMI Blog Home.

Foreign Trade (Development and Regulation) Act, 1992

In exercise of the powers conferred by clause a of sub-section 1 , sub-section 3 of Section 7 and sub-section 2 of Section 47 of the Foreign Exchange Management Act, 42 of and in supersession of its Notification No. Authority to whom declaration is to be furnished and the manner of dealing with the declaration The triplicate shall be retained by the designated official for record. On the realisation of the export proceeds, the duplicate copies of export declaration forms viz. The Commissioner of Customs or the postal authority or the official of Department of Electronics, to whom the declaration form is submitted, may, in order to satisfy themselves of due compliance with Section 7 of the Act and these regulations, require such evidence in support of the declaration as may establish that —. For the purpose of this regulation, 'final place of destination' means a place in a country in which the goods are ultimately imported and cleared through Customs of that country.


[NO. 22 OF ]. [7th August, ] An Act to provide for the development and regulation of foreign trade by facilitating imports into, and augmenting exports from.


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In section 2 of the Foreign Trade Development and Regulation Act, 22 of herein after referred to as the principal Act , - a for clause e following shall be substituted, namely:, e import and export means, - I in relation to goods, bringing into, or taking out of, India any goods by land, sea or air; II in relation to services or technology, - supplying, services or technology- A from the territory of another country into the territory of India. B in the territory of another country to an Indian service consumer; C by a service supplier of another country, through commercial presence in India; D by a service supplier of another country, through presence of their natural persons in India; supplying, services or technology - A from India into the territory of any other country; B in India to the service consumer of any other country; C by a service supplier of India, through commercial presence in the territory of any other country D by a service supplier of India, through presence of Indian natural persons in the territory of any other country; Provided that import and export in relation to the goods, services and technology regarding Speci In section 3 of the Principal Act, - a in sub-section 2 , - i for the words import or export of goods the words import or export of goods or services or technology shall be substituted; ii after sub-section 2 , the following proviso shall be inserted, namely: - Provided that the provisions of this sub-section shall be applicable, in case of import or export of services or technology, only when the service or technology provider is availing benefit under the foreign trade policy or is dealing with specified services or specified technologies. Substitution of new section for section 5 5. For section 5 of the principal Act, the following section

The Foreign Trade (Development and Regulation) Act, 1992

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Imports and exports are considered to be two important components of foreign trade. Foreign trade refers to nothing but the exchange of the goods and services between two or more countries, across their respective international borders. The former implies the physical movement of the goods into a country from another country following a legal manner.

Export Procedure

Новые обязанности Сьюзан были засекречены, в том числе и для многих людей в высших эшелонах власти. - Шифры, - задумчиво сказал Беккер - Откуда ты знаешь, с чего начинать. То есть… как ты их вскрываешь.

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5 Comments

Thiery L. 03.05.2021 at 06:29

Exports and Imports are regulated by Foreign Trade Policy notified by Central government in exercise of powers conferred by section 5 of foreign trade Development and Regulation Act

Subshanipo 03.05.2021 at 09:14

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Chantal G. 05.05.2021 at 15:29

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.

Felix K. 09.05.2021 at 14:26

Short title and commencement 2.

Jude R. 12.05.2021 at 02:48

An Act to provide for the development and regulation of foreign trade by facilitating imports into, and augmenting exports from India and for.

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