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People also ask
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What is foreign trade regulation?
Foreign Trade Regulations means, collectively and as from time to time in effect (including any successor statutes or regulations), (a) any act that prohibits or restricts, or empowers the President or executive agencies of the United States of America to prohibit or restrict, exports to or financial transactions with ...
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Who regulates foreign trade in the US?
International Trade Administration | U.S. Department of Commerce.
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What is Section 13 of the FTDR Act 1992?
13. Any penalty may be imposed or any confiscation may be adjudged under this Act by the Director General or, subject to such limits as may be specified, by such other officer as the Central Government may, by notification in the Official Gazette, authorise in this behalf.
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What is Section 7 of the foreign trade Development and Regulation Act 1992?
No person shall make any import or export except under an Importer-exporter Code Number granted by the Director General or the officer authorised by the Director General in this behalf, in ance with the procedure specified in this behalf by the Director General:Provided that in case of import or export of ...
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What is Section 3 of the foreign trade Development and regulation Act 1992?
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.
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What is the foreign trade Act of 1992?
India Code: Foreign Trade (Development and Regulation) Act, 1992. Long Title: 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.
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What is Section 7 of the foreign trade Development and regulation Amendment Act 2010?
(7) without prejudice to the provisions contained in this section, the Importer- Exporter Code Number of any person who fails to pay any penalty imposed under this Act, may be suspended by the Adjudicating Authority till the penalty is paid or recovered, as the case may be.
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What is Section 14 of the FTDR Act?
No order imposing a penalty or of adjudication of confiscation shall be made unless the owner of the goods (including the goods connected with services or technology) or conveyance, or other person concerned, has been given a notice in writing— (a)informing him of the grounds on which it is proposed to impose a penalty ...
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