https://www.taxtmi.com/acts?id=11086 Chapter 2 sets a general rule that imports and exports are free unless regulated or prohibited by FTP, ITC(HS) or other law, with specific prohibitions for certain rough diamonds, arms and items subject to UN/IAEA lists; restricted goods require Authorisation specifying terms (quantity, actual user, export obligations, value addition, minimum price). Compliance with FT(D&R) Act and domestic norms is mandatory. DGFT may prescribe procedures, grant exemptions, and require IEC and RCMC; bonded warehouse regimes, LUT/BG requirements, and penalties for non compliance are provided to regulate temporary storage, clearance and export realisation. en-us Mon, 31 Aug 2009 10:52:36 +0530 Mon, 30 Apr 2012 13:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11086 Chapter 2 sets a general rule that imports and exports are free unless regulated or prohibited by FTP, ITC(HS) or other law, with specific prohibitions for certain rough diamonds, arms and items subject to UN/IAEA lists; restricted goods require Authorisation specifying terms (quantity, actual user, export obligations, value addition, minimum price). Compliance with FT(D&R) Act and domestic norms is mandatory. DGFT may prescribe procedures, grant exemptions, and require IEC and RCMC; bonded warehouse regimes, LUT/BG requirements, and penalties for non compliance are provided to regulate temporary storage, clearance and export realisation. Act-Rules DGFT Mon, 31 Aug 2009 10:52:36 +0530 https://www.taxtmi.com/acts?id=11086