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CS Executive · Economic, Commercial and Intellectual Property Laws · Foreign Trade Policy and Procedure

Goods whose import is restricted by an Order made under section 3(2) of the Foreign Trade (Development and Regulation) Act, 1992 are treated, under section 3(3), in which way?

Goods covered by an Order under section 3(2) are deemed to be goods whose import or export is prohibited under section 11 of the Customs Act, 1962, and all the provisions of the Customs Act apply accordingly. This brings customs enforcement powers to bear on restricted goods.

  1. AAs goods exempt from the Customs Act, 1962
  2. BAs goods whose import or export is deemed prohibited under section 11 of the Customs Act, 1962, with that Act applying accordinglyCorrect
  3. CAs goods needing only an Importer-exporter Code Number
  4. DAs goods taxable only under the foreign trade policy

Explanation

Section 3(3) deems all goods covered by an Order under section 3(2) to be goods whose import or export is prohibited under section 11 of the Customs Act, 1962, and the provisions of that Act apply accordingly. This links foreign trade orders to customs enforcement. The exemption option reverses the effect.

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