FTDR Act 1992

Foreign trade development and regulation act was passed in 1992 . After this , old export control act 1947 was closed . All export and impor...

Foreign trade development and regulation act was passed in 1992 . After this , old export control act 1947 was closed . All export and import are done by FTDR Act 1992 . FTDR Act is helpful to promote export
and import without any restrictions .

Main provisions 

1. Reduce restrictions 

This act's provisions are relating to reduce the restrictions on foreign trade .

2. EXIM Policy 

This provision gives power to govt. of India to make policy of export and import  under this act.

3. Appointment of Director general of Foreign trade 

This act also powers to govt. of india to appoint director general of foreign trade . DFGT will advise for making exim policy .

4.Importer exporter code no. 

Under this law , any body can export or import only after getting I-M-C-N  from director general of foreign trade .

5. Issue of license 

Export or import can be done under license issued by DGFT

6. Search and Seizure 

Authorized person can search whether goods are imported or exported under term and conditions of FTDR Act 1992.

7. Penalty for contravention

If anybody contravenes the rules and regulations of FTDR Act 1992 , then he has to give 1000 rupees or 5 times of value of goods involve whichever is more .

COMMENTS

Name

"FTDR Act 1992",1,advertising,2,business,29,business environment,43,Business Ethics,1,business glossary,2,business ideas,1,Business Scams,1,Business Test Online,1,Business Tips,1,buyer behavior,3,central bank,1,commerce,11,company,5,company law,2,competition act 2002,2,construction,1,cost,1,credit control,1,debt,1,development bank,2,DOT,1,economic policy,6,education,1,fema 2000,2,fiscal policy,3,govt.,1,hotel,1,how to,6,Human Resource Management,1,india,1,industrial policy,1,inspiration,1,ISO,1,IT Act 2000,2,legal policy,5,loan,1,marketing,9,marketing management,26,mba,7,mba + bank,2,mba first semester,10,mba first semster,2,mis,5,monetary policy,2,mrtp 1969,2,national security,1,NGO,1,presentation,1,price,1,product,1,public relation,1,sales promotion,4,Social Environment,3,structure,1,teasure,1,technology,4,wi-fi,1,
ltr
item
Business Education: FTDR Act 1992
FTDR Act 1992
Business Education
https://business.svtuition.org/2009/11/what-is-ftdr-act-1992-and-its-provision.html
https://business.svtuition.org/
http://business.svtuition.org/
http://business.svtuition.org/2009/11/what-is-ftdr-act-1992-and-its-provision.html
true
7226108229274062371
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy