The Foreign Trade (Development and Regulation)
2. Definitions.—
In these rules unless the context otherwise requires,-
(a) “Act” means the Foreign trade (Development and Regulation ) Act 1992 (22of 1992);
(b) “Charitable purpose” includes relief of the poor, education, medical relief, and the advancement of any other object of general public utility;
(c) “Importer ” or “exporter” means a person who imports or exports goods and holds a valid Importer exporter Code Number granted under section 7;
(d) “Licensing authority” means an authority authorised by the Director General under sub section (2) of section 9 to grant or renew a licence under these rules;
(e) “Policy” means export and import Policy formulated and announced by the Central Government under section 5;
(f) “Schedule” means a Schedule appended to these rules;
(g) “Schedule” means a section of the Act;
(h) “Special licence” means a licence granted under sub section (2) of section 8;
(i) “Value” has the meaning assigned to it in clause (41) of section 2 of the Customs Act, 1962 (52 of 1962);
(j) Words and expression used in these rules and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act.
The Foreign Trade (Development and Regulation) Act,1992