Foreign Trade (Development And Regulation) Act, 1992
CHAPTER II: POWER OF CENTRAL GOVERNMENT TO MAKE ORDERS AND ANNOUNCE
1[FOREIGN TRADE POLICY] [helldodold[EXPORT
AND IMPORT POLICY]helldod]
Section
3. Powers to make provisions relating to
imports and exports
:
(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 1[import or export
of goods or services
or technology
] [helldodold[import or export of
goods]helldod].
1[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 benefits under the foreign trade policy or is dealing with
specified services or specified technologies
.]
(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.
1[(4)
without prejudice to anything contained in any other law, rule, regulation,
notification or orders
, no permit or licence
shall be necessary for import or export
of any goods, nor any goods shall be prohibited for import or export
except, as may be required under this Act, or rules or orders
made there under.]
Refer
Trade Notice No. 23/2019-20 Dated
05.07.2019
Refer Trade Notice No. 05/2020-21 Dated
21.04.2020
Refer Trade Notice No. 06/2020-21 Dated
21.04.2020
1. Substituted and inserted by Foreign Trade (Development
& Regulation) Act, 2010