Duration1.1
In exercise of the powers conferred under Section 5 of The
Foreign Trade (Development and Regulation Act), 1992 (No. 22
of 1992), the Central Government hereby notifies the Export
and Import Policy for the period 2002-2007. This Policy
shall come into force with effect from 1st April, 2002 and
shall remain in force upto 31st March, 2007 and
will be co-terminus with the Tenth Five Year Plan
(2002-2007). However, the Central Government reserves the
right in public interest to make any amendments to this
Policy in exercise of the powers conferred by Section-5 of
the Act. Such amendment shall be made by means of a
Notification published in the Gazette of India.
Transitional Arrangements1.2
Any Notifications made or Public Notices issued or anything
done under the previous Export/ Import policies, and in
force immediately before the commencement of this Policy
shall, in so far as they are not inconsistent with the
provisions of this Policy, continue to be in force and shall
be deemed to have been made, issued or done under this
Policy. Licence/ certificate/permissions issued before the
commencement of this Policy shall continue to be valid for
the purpose for which such licence/ certificate/ permission
was issued unless otherwise stipulated.
1.3 In case an export or import that is permitted freely
under this Policy is subsequently subjected to any
restriction or regulation, such export or import will
ordinarily be permitted notwithstanding such restriction or
regulation, unless otherwise stipulated, provided that the
shipment of the export or import is made within the original
validity of the irrevocable letter of credit established
before the date of imposition of such restriction
Buy Sell Products in Asian Trade Gallery,Online Trading Proposals in
Asia,Buyers Sellers in Asia
Tradehub
Gallery
Product: Power Amplifier
Source: China
Price:USD $ 110 Per Unit
Company: Fortex Indl Co.
Product: Home Theater System
Source: China
Price:USD $ 120 Per Unit
Company: Fortex Indl Co.
Product: Battery Charger
Source: China
Price:USD $ 17 Per Unit
Company: Fuhua Electronic (H.K.) Co Limited
Objectives
1.4 The principal objectives of this Policy are: 1. To facilitate sustained growth in exports to
attain a share of atleast 1% of global merchandise trade. 2. To stimulate sustained economic growth by
providing access to essential raw materials, intermediates,
components, consumables and capital goods required for
augmenting production and providing services. 3. To enhance the technological strength and
efficiency of Indian agriculture, industry and services,
thereby improving their competitive strength while
generating new employment opportunities, and to encourage
the attainment of internationally accepted standards of
quality. 4. To provide consumers with good quality goods and
services at internationally competitive prices while at the
same time creating a level playing field for the domestic
producers.
1.5 The objectives will be met through the coordinated
efforts of the State Governments and all the departments of
the Government of India in general and the Ministry of
Commerce and Industry and the Directorate General of Foreign
Trade and its network of Regional Offices in particular,
with a shared vision and commitment and in the best spirit
of facilitation, in the interest of promotion of trade in
goods and services.
General Section
