https://www.taxtmi.com/acts?id=16625 Exports and imports are free unless regulated, with item specific regimes in the ITC (HS). Restricted items require Authorisations which are discretionary and conditional (actual user, export obligation, value addition, validity). DGFT has final authority on policy interpretation, may impose prohibitions (including country based embargoes) for security, health, conservation or IP protection, and may grant exemptions on hardship after consulting committees. Procedural rules govern IEC, bonded warehousing, import under bond for re export, execution of LUT/BG, electronic filing, and documentation; non compliance attracts action under FT (D&R) Act and related laws. en-us Tue, 05 Jun 2012 14:10:33 +0530 Wed, 18 Mar 2015 12:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16625 Exports and imports are free unless regulated, with item specific regimes in the ITC (HS). Restricted items require Authorisations which are discretionary and conditional (actual user, export obligation, value addition, validity). DGFT has final authority on policy interpretation, may impose prohibitions (including country based embargoes) for security, health, conservation or IP protection, and may grant exemptions on hardship after consulting committees. Procedural rules govern IEC, bonded warehousing, import under bond for re export, execution of LUT/BG, electronic filing, and documentation; non compliance attracts action under FT (D&R) Act and related laws. Act-Rules DGFT Tue, 05 Jun 2012 14:10:33 +0530 https://www.taxtmi.com/acts?id=16625