Import export regulation: ITC(HS) classification controls freedom to trade and conditions authorisations and compliance. The Chapter establishes that imports and exports are free unless classified as prohibited, restricted or reserved for State Trading Enterprises in the ITC(HS); it mandates IEC registration and documentary compliance, conditions authorisations for restricted items (including actual user, export obligation, value addition and securities), empowers DGFT to issue procedures, exemptions and interpret policy, prescribes sanctions including Denied Entity List placement, and sets rules for country specific prohibitions, bonded warehousing, import for export, export realisation and export promotion measures such as RCMC and self certification of origin.
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: ITC(HS) classification controls freedom to trade and conditions authorisations and compliance.
The Chapter establishes that imports and exports are free unless classified as prohibited, restricted or reserved for State Trading Enterprises in the ITC(HS); it mandates IEC registration and documentary compliance, conditions authorisations for restricted items (including actual user, export obligation, value addition and securities), empowers DGFT to issue procedures, exemptions and interpret policy, prescribes sanctions including Denied Entity List placement, and sets rules for country specific prohibitions, bonded warehousing, import for export, export realisation and export promotion measures such as RCMC and self certification of origin.
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