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of <h1>Individuals Can Apply for Import/Export Licenses by Following Prescribed Procedures Under Section 3 and Rule 4 Trade Regulations</h1> A person can submit an application for a license to import or export goods in compliance with the established trade policy or orders issued under section 3. The application process is governed by Rule 4 of the Foreign Trade (Regulation) Rules, 1993, which provides a framework for obtaining import and export licenses under the Foreign Exchange Management Act (FEMA).
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