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of <h1>Foreign Trade Policy 2009-2014 governs import-export activities, effective August 27, 2009; amendable under Section 5 of FT (D&R) Act.</h1> The Foreign Trade Policy (FTP) 2009-2014, effective from August 27, 2009, governs export and import activities until March 31, 2014. It supersedes the FTP 2004-2009 for transactions before August 26, 2009. The Central Government can amend the policy in the public interest under Section 5 of the FT (D&R) Act. Authorizations issued prior to the new FTP remain valid unless specified otherwise. Exports or imports initially permitted under the FTP will generally be allowed even if later restricted, provided they comply with the terms of an irrevocable commercial letter of credit registered within 15 days of any new restriction.
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