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of <h1>Foreign Trade Policy 2004-09: Free Trade with Exceptions; Arms Trade Restrictions with Iraq, North Korea, Iran; Compliance Required</h1> The statutory provisions outline the general rules for imports and exports under the Foreign Trade Policy 2004-09. Exports and imports are generally free unless regulated by specific laws or policies, such as restrictions on arms trade with Iraq and certain goods with North Korea and Iran. Compliance with domestic laws and international agreements is mandatory. The Director General of Foreign Trade (DGFT) manages authorizations, which are not guaranteed rights, and can impose conditions or grant exemptions. Importer-Exporter Code (IEC) numbers are required for trade, and specific rules apply to goods like rough diamonds and second-hand items. Procedures for handling imports, exports, and related documentation are specified, with mechanisms for grievance redressal and trade facilitation through electronic data interchange.
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