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The Foreign Trade (Development and Regulation) Act, 1992

Central

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.

Act number
22 of 1992
Ministry
Ministry of Commerce and Industry
Department
Department of Commerce
Enacted
7 Aug 1992

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

29 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Powers to make provisions relating to imports and exports.
  4. Section 4Continuance of existing orders.
  5. Section 5Foreign Trade Policy.
  6. Section 6Appointment of Director General and his functions.
  7. Section 7Importer-exporter Code Number.
  8. Section 8Suspension and cancellation of Importer-exporter Code Number.
  9. Section 9Issue, suspension and cancellation of licence.
  10. Section 9APower of Central Government to impose quantitative restrictions.
  11. Section 10Power relating to search and seizure.
  12. Section 11Contravention of provisions of this Act, rules, orders and foreign trade policy.
  13. Section 11ACrediting sums realised by way of penalties in Consolidated Fund of India.
  14. Section 11BEmpowering Settlement Commission for regularisation of export obligation default.
  15. Section 12Penalty or confiscation not to interfere with other punishment.
  16. Section 13Adjudicating Authority.
  17. Section 14Giving of opportunity to the owner of the goods (including the goods connected with services or technology), etc.
  18. Section 14AControls on export of specified goods, services and technology.
  19. Section 14BTransfer controls.
  20. Section 14CCatch-all controls.
  21. Section 14DSuspension or cancellation of a licence.
  22. Section 14EOffences and penalties.
  23. Section 15Appeal.
  24. Section 16Review.
  25. Section 17Powers of Adjudicating and other Authorities.
  26. Section 18Protection of action taken in good faith.
  27. Section 18AApplication of other laws not barred.
  28. Section 19Power to make rules.
  29. Section 20Repeal and savings.