THE FOREIGN TRADE(D&R)

ACT 1992

PRESENTED BY
RAHUL ROY
ROLL-58
FOREIGN TRADE
Import and export are considered to be two
important component of foreign trade.
The exchange of goods and services between two or
more countries.
It is considered to be extremely important for the
brand survival and growth of a country.
It helps in maintaining payment solution balance of
a country and maintains free flow of economy.
FOREIGN TRADE ACT 1992
The foreign policy in India is governed and regulated
by this Act.
This act was established on 7th of august 1992.
 It came into existence as a replacement to the Import
and Exports (Control) Act, 1947.
This act has eliminated all the existing nuances of the
previously introduced act and has given the
Government of India some of the most enormous
powers to control it.