Trade freedom principle: imports and exports free unless regulated, with authorisation and prohibition rules applying. Exports and imports are free unless regulated by FTP or other law; DGFT may prescribe procedures, interpret provisions, grant or refuse authorisations, and exempt persons or classes. Restricted goods require authorisation; authorisations carry conditions (quantity, actual user, export obligations, value addition, minimum price). Prohibitions include imports/exports lacking Kimberley Process certificates for rough diamonds and specified embargoes; compliance with FT (D&R) Act, domestic technical and safety norms, and mandatory IEC is required. Violations attract action and penalties.
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.
Trade freedom principle: imports and exports free unless regulated, with authorisation and prohibition rules applying.
Exports and imports are free unless regulated by FTP or other law; DGFT may prescribe procedures, interpret provisions, grant or refuse authorisations, and exempt persons or classes. Restricted goods require authorisation; authorisations carry conditions (quantity, actual user, export obligations, value addition, minimum price). Prohibitions include imports/exports lacking Kimberley Process certificates for rough diamonds and specified embargoes; compliance with FT (D&R) Act, domestic technical and safety norms, and mandatory IEC is required. Violations attract action and penalties.
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