Foreign Trade (Development and Regulation) Act, 1992 vis-a-vis Imports and Exports (Control) Act, 1947

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.... & Customs New Delhi Subject : Provisions of the Foreign Trade (Development and Regulation) Act, 1992 vis-a-vis those of Imports and Exports (Control) Act, 1947- Regarding. Reference Board's letter of even number dated 20th September, 1993 on the subject mentioned above (copy enclosed) and to request your immediate comments/views on the two Acts. I am directed to forward herewith, a co....

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....imports and increasing exports (Section 3). There was no provision for formulation and announcement (ii) of Import & Export Policy by the Central Govt. This was done by the CCI&E.   It requires that the Export (ii) & Import Policy may be formulated and announced or amended by the Central Govt. This power cannot be delegated. [Section 5 and 6(3)] The body of the law con....