THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992

ACT NO. 22 OF 1992 · Enacted [7th August, 1992.] · 29 sections

PRELIMINARY

Section 1.Short title and commencement.

Section 2.Definitions.

POWER OF CENTRAL GOVERNMENT TO MAKE ORDER AND ANNOUNCE FOREIGN TRADE POLICY

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.

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.

QUANTITATIVE RESTRICTIONS

Section 9A.Power of Central Government to impose quantitative restrictions.

SEARCH, SEIZURE, PENALTY AND CONFISCATION

Section 10.Power relating to search and seizure.

Section 11.Contravention of provisions of this Act, rules, orders and foreign trade policy.

Section 11A.Crediting sums realised by way of penalties in 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 punishment.

Section 13.Adjudicating Authority.

Section 14.Giving of opportunity to the owner of the goods (including the goods connected with services or technology), etc.

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.

APPEAL AND REVIEW

Section 15.Appeal.

Section 16.Review.

Section 17.Powers of Adjudicating and other Authorities.

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.