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of <h1>Foreign Trade Policy (2009-2014) Regulates Imports/Exports, Mandates Compliance, Lists Prohibitions, and Outlines Penalties for Violations</h1> The Foreign Trade Policy (2009-2014) outlines general provisions for imports and exports, stating that they are generally free unless regulated by the policy or other laws. Specific prohibitions include rough diamond imports from Cote d'Ivoire and Venezuela, arms from Iraq, and certain items related to nuclear and missile programs from North Korea and Iran. Compliance with domestic laws and international agreements is mandatory. The Director General of Foreign Trade (DGFT) may interpret policy, specify procedures, and grant exemptions. Import and export authorizations are not rights and can be refused. Penalties apply for violations. Various regulations govern the import/export of goods, including second-hand goods, samples, gifts, and passenger baggage. The policy also addresses trade facilitation, electronic data interchange (EDI) initiatives, grievance redressal, and export promotion councils.
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