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of <h1>Licensing Rules Govern Foreign Trade Transactions with Strict Export-Import Conditions and Technology Transfer Protocols</h1> The statutory provisions outline licensing conditions for export and import under Foreign Trade (Regulation) Rules, 1993. For export licenses, restrictions include non-transferability and ownership requirements. Import licenses have additional conditions such as goods disposition limitations, bond execution, property ownership, goods condition, and export restrictions. Special provisions apply to technology transfer imports from the United States, requiring compliance with specific memorandum conditions and governmental assurances.
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