THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992

[NO. 22 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.

 

Be it enacted by Parliament in the Forty-third Year of the Republic of India as follows :- 

CHAPTER-I PRELIMINARY
Section-1 Short title and commencement.
Section-2 Definitions: In this Act, unless the context otherwise requires.
CHAPTER-II POWER OF CENTRAL GOVERNMENT
Section-3 Powers to make provisions relating to imports and exports.
Section-4 Continuance of existing Orders.
Section-5 Foreign Trade Policy.
Section-6 Appointment of Director General and his functions
CHAPTER III: IMPORTER-EXPORTER CODE NUMBER AND LICENCE
Section-7 Importer-Exporter Code Number
Section-8 Suspension and Cancellation of Importer-Exporter Code Number
Section-9 Issue, suspension and cancellation of Licence

CHAPTER IIIA : QUANTITATIVE RESTRICTIONS
Section-9A Power of Central Government to impose quantitative restrictions

CHAPTER IV: SEARCH, SEIZURE, PENALTY AND CONFISCATION
Section-10 Power relating to search and seizure:
Section-11 Contravention of provisions of this Act, Rules, Orders and Export and Import Policy
Section-11A Crediting sums realised by way of penalties under this Act shall be credited to the Consolidated Fund of India.
Section-11B Empowering  Settlement Commission for regularisation of export obligation default
Section-12 Penalty or confiscation not to interfere with other punishments
Section-13 Adjudicating Authority
Section-14 Giving of opportunity to the owner of the goods, etc

CHAPTER IVA : CONTROLS ON EXPORT OF SPECIFIED GOODS, SERVICES AND TECHNOLOGY
Section-14A Controls on export of specified goods, services and technology
Section-14B Transfer Controls
Section-14C Catch-all Controls
Section-14D Suspension or cancellation of a licence
Section-14E Offences and penalties

CHAPTER V: APPEAL AND REVIEW
Section-15 Appeal
Section-16 Review
Section-17 Powers of Adjudicating and other Authorities

CHAPTER VI: MISCELLANEOUS
Section-18 Protection of action taken in good faith
Section-18A Application of other laws not barred
Section-19 Power to make rules
Section-20 Repeal and savings