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Section 3 – The Foreign Trade (Development and Regulation) Act,1992

The Foreign Trade (Development and Regulation)

 

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 import or export of goods.

 

(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.

 

 

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The Foreign Trade (Development and Regulation) Act,1992

 

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