Describe the 'Principles of Restrictions' on Export and Import under Foreign Trade Policy and Procedures.
CS Executive · Economic and Commercial Laws · PYQS · June 2021
Describe the 'Principles of Restrictions' on Export and Import under Foreign Trade Policy and Procedures.
Answer & Explanation:
Under Foreign Trade Policy & Procedure, the Director General of Foreign Trade may, through a Notification, impose restrictions on export and import, necessary for: - Protection of public morals; Protection of human, animal or plant life or health; Protection of patents, trademarks and copyrights, and the prevention of deceptive practices; Prevention of use of prison labour; Protection of national treasures of artistic, historic or archaeological value; Conservation of exhaustible natural resources; Protection of trade of fissionable material or material from which they are derived; Prevention of traffic in arms, ammunition and implements of war.
Topics: Foreign Trade Policy
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