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of <h1>Foreign Trade Act 1992: Boosting India's Imports and Exports with Immediate Effect for Sections 11-14</h1> The Foreign Trade (Development and Regulation) Act, 1992, enacted by Parliament, aims to develop and regulate foreign trade in India by facilitating imports and boosting exports. This Act received presidential assent on August 7, 1992, and is officially titled as such. While Sections 11 to 14 became effective immediately, the rest of the Act is retroactively effective from June 19, 1992. The legislation encompasses provisions related to the development and regulation of foreign trade, addressing matters directly connected or incidental to these objectives.
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