Import/Export Regulation: Authorisation-based controls and procedural compliance govern restricted goods and trade facilitation. Chapter 2 sets a general rule that imports and exports are free unless regulated or prohibited by FTP, ITC(HS) or other law, with specific prohibitions for certain rough diamonds, arms and items subject to UN/IAEA lists; restricted goods require Authorisation specifying terms (quantity, actual user, export obligations, value addition, minimum price). Compliance with FT(D&R) Act and domestic norms is mandatory. DGFT may prescribe procedures, grant exemptions, and require IEC and RCMC; bonded warehouse regimes, LUT/BG requirements, and penalties for non compliance are provided to regulate temporary storage, clearance and export realisation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Import/Export Regulation: Authorisation-based controls and procedural compliance govern restricted goods and trade facilitation.
Chapter 2 sets a general rule that imports and exports are free unless regulated or prohibited by FTP, ITC(HS) or other law, with specific prohibitions for certain rough diamonds, arms and items subject to UN/IAEA lists; restricted goods require Authorisation specifying terms (quantity, actual user, export obligations, value addition, minimum price). Compliance with FT(D&R) Act and domestic norms is mandatory. DGFT may prescribe procedures, grant exemptions, and require IEC and RCMC; bonded warehouse regimes, LUT/BG requirements, and penalties for non compliance are provided to regulate temporary storage, clearance and export realisation.
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