https://www.taxtmi.com/circulars?id=5974 The Act shifts foreign trade law toward development and regulation, empowering the Central Government to formulate and non delegably announce an Export & Import Policy and making that Policy part of the statutory framework alongside rules and orders. Contraventions are treated as civil offences adjudicated administratively; possession of an Importer-Exporter Code is mandatory; and adjudicating authorities may accept monetary settlements for admitted contraventions. en-us Thu, 24 Feb 1994 00:00:00 +0530 Mon, 29 Jun 2009 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5974 The Act shifts foreign trade law toward development and regulation, empowering the Central Government to formulate and non delegably announce an Export & Import Policy and making that Policy part of the statutory framework alongside rules and orders. Contraventions are treated as civil offences adjudicated administratively; possession of an Importer-Exporter Code is mandatory; and adjudicating authorities may accept monetary settlements for admitted contraventions. Circulars Customs Thu, 24 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5974