Skip to content

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

Sunrise Exports Pvt Ltd, Surat, learns that the Central Government has changed a provision of the existing foreign trade policy midway through the policy period. Under Section 5, the Central Government's authority in this situation is that it:

The Central Government may amend the foreign trade policy at any time in like manner as it is announced, that is by notification in the Official Gazette. No expiry of the policy, consent of exporters or parliamentary Act is needed.

  1. Acannot amend the policy until it expires
  2. Bmay amend the policy, in like manner, by notification in the Official GazetteCorrect
  3. Cmay amend it only with prior consent of the exporters affected
  4. Dmay amend it only through an Act of Parliament

Explanation

Section 5 allows the Central Government to amend the policy in like manner, meaning by notification in the Official Gazette. No waiting for expiry, consent of exporters or a new Act is required. Option A ignores the express amendment power.

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