Question

9. In which year the Foreign Trade (Development and Regulation) Act, was passed
A. 1991
B. 1992
C. 1993
D. 1994​

Answer 1

Answer ⤵️

THE FOREIGN TRADE (DEVELOPMENT ANDREGULATION) ACT, 1992

ACT NO. 22 OF 1992

[7th August, 1992.]

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.

BE it enacted by Parliament in the Forty-third Year of the Republic of India as follows:—

CHAPTER I

PRELIMINARY

1. Short title and commencement.—(1) This Act may be called the Foreign Trade (Development

and Regulation) Act, 1992.

(2) Sections 11 to 14 shall come into force at once and the remaining provisions of this Act shall be

deemed to have come into force on the 19th day of June, 1992.

2. Definitions.—In this Act, unless the context otherwise requires,—

(a) “Adjudicating Authority” means the authority specified in, or under, section 13;

(b) “Appellate Authority” means the authority specified in, or under, sub-section (1) of

section 15;

(c) “conveyance” means any vehicle, vessel, aircraft or any other means of transport including

any animal;

(d) “Director General” means the Director General of ForeignTrade appointed under section 6;

1

[(e) “import” and “export” means,—

(I) in relation to goods, bringing into, or taking out of, India any goods by land, sea or air;

(II) in relation to services or technology,—

(i) supplying, services or technology—

(A) from the territory of another country into the territory of India;

(B) in the territory of another country to an Indian service consumer;

(C) by a service supplier of another country, through commercial presence in India;

(D) by a service supplier of another country, through presence of their natural

persons in India;

(ii) supplying, services or technology—

(A) from India into the territory of any other country;

(B) in India to the service consumer of any other country;

(C) by a service supplier of India, through commercial presence in the territory of any

other country;