Skip to content

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

Section 11(1) of the FTDR Act, 1992 requires that any export or import be made in accordance with:

Section 11(1) requires every export or import to comply with the FTDR Act, the rules and orders made under it, and the foreign trade policy for the time being in force, not an earlier policy or the rules alone.

  1. Athe Act, the rules and orders made under it, and the foreign trade policy for the time being in forceCorrect
  2. Bthe foreign trade policy announced at the time the contract was signed
  3. Conly the rules made under the Act
  4. Donly the Customs Act, 1962

Explanation

Section 11(1) says no export or import shall be made except in accordance with the Act, the rules and orders made under it and the foreign trade policy for the time being in force. The policy in force at the time governs, not the one at the date of contract.

Did you get it right without looking?

One question tells you little. A timed set on Foreign Trade Policy and Procedure shows your real accuracy, how long you take and where you lose marks.

Practise Foreign Trade Policy and ProcedureFree diagnostic mock

More Foreign Trade Policy and Procedure questions