Import & Export PROCEDURE Business studies Project Class 11 E book
T O P I C :
I M P O R T & E X P O R T PROCEDURE
Imports to India are governed by the Foreign Trade (Development and Regulation) Act 1992 (External website that opens in a new window). Under this Act, imports of all goods are free except for the items regulated by the policy or any other law in force. The present, foreign trade arrangements for different commodities are stated in the EXIM Policy of 2004-2009. This policy is announced once every coming out every year.