Ozg Impex Consultant
india.impexconsultant.com
india.impexconsultant.com
Phone # 098.11.41.58.61-72-84-92-94
Ozg Center | London | New Delhi | New York | Mumbai
CHAPTER –1A
LEGAL FRAMEWORK
Preamble 1.1
The Preamble spells out the
broad framework and is an integral part of the Foreign Trade Policy.
Duration 1.2
In exercise of the powers conferred under Section 5 of The Foreign Trade
(Development and Regulation Act), 1992 (No. 22 of 1992), the Central Government
hereby notifies the Foreign Trade Policy for the period 2004-2009 incorporating
the Export and Import Policy for the period 2002-2007, as modified. This Policy
shall come into force with effect from 1st September, 2004 and shall remain in
force upto 31st March, 2009, unless as otherwise specified.
Amendments 1.3
The Central Government reserves the right in public interest to make any
amendments to this Policy in exercise of the powers conferred by Section-5 of
the Act. Such amendment shall be made by means of a Notification published in
the Gazette of India.
Transitional
Arrangements 1.4 Any Notifications made or Public Notices
issued or anything done under the previous Export/ Import policies, and in
force immediately before the commencement of this Policy shall, in so far as
they are not inconsistent with the provisions of this Policy, continue to be in
force and shall be deemed to have been made, issued or done under this Policy.
Licences, certificates and permissions issued before the
commencement of this Policy shall continue to be valid for the purpose and
duration for which such licence, certificate or permission was issued unless
otherwise stipulated.
1.5
In case an export or import that is permitted freely under this Policy
is subsequently subjected to any restriction or regulation, such export or
import will ordinarily be permitted notwithstanding such restriction or
regulation, unless otherwise stipulated, provided that the shipment of the
export or import is made within the original validity of an irrevocable letter
of credit established before the date of imposition of such restriction.
Phone # 098.11.41.58.61-72-84-92-94
Ozg Center | London | New Delhi | New York | Mumbai
Office Timing: Mon - Sat, 9:30 a.m. - 5:30 p.m. IST
Email: ask@impexconsultant.com
Note: To visit at any Ozg Center, an appointment is required.
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