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Showing contexts for: import export code in M/S Dewan Tyres Ltd. And Another vs Union Of India And Others on 24 April, 2014Matching Fragments
12. Act 1992 was enacted to provide for development and regulation of foreign trade by facilitating imports and augmenting exports from India and for matters connected therewith or incidental thereto. It was assented to by President on 07.08.1992 and except Sections 11 and 14, which came into force prospectively, i.e., at once, the remaining provisions of Act were given retrospective effect i.e. from 19.06.1992.
13. In order to adhere to the conditions of import and export, and to regulate it, Section 8 confers power of suspension and cancellation of importer-exporter code number and Section 9 confers power of suspension and cancellation of licence. The term "licence" is defined in Section 2(g) and reads as under: