Lawgist20Repeal and savings
(1) The Imports and Exports (Control) Act, 1947 (18 of 1947) and the Foreign Trade (Development and Regulation) Ordinance, 1992 (Ord. 11 of 1992) are hereby repealed.
(2) The repeal of the Imports and Exports (Control) Act, 1947 (18 of 1947) shall, however, not affect,--
(a) the previous operation of the Act so repealed or anything duly done or suffered thereunder; or
(b) any right, privilege, obligation or liability acquired, accrued or incurred under the Act so repealed; or
(c) any penalty, confiscation or punishment incurred in respect of any contravention under the Act so repealed; or
(d) any proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty, confiscation or punishment as aforesaid,
and any such proceeding or remedy may be instituted, continued or enforced, and any such penalty, confiscation or punishment may be imposed or made as if that Act had not been repealed.
(3) Notwithstanding the repeal of the Foreign Trade (Development and Regulation) Ordinance, 1992 (Ord. 11 of 1992), anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.
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- 1 Short title and commencement
- 2 Definitions
- 3 Powers to make provisions relating to imports and exports
- 4 Continuance of existing orders
- 5 Foreign Trade Policy
- 6 Appointment of Director General and his functions
- 7 Importer-exporter Code Number
- 8 Suspension and cancellation of Importer-exporter Code Number
- 9 Issue, suspension and cancellation of licence
- 9A Power of Central Government to impose quantitative restrictions
- 10 Power relating to search and seizure
- 11 Contravention of provisions of this Act, rules, orders and foreign trade policy
- 11A Crediting sums realised by way of penalties in Consolidated Fund of India
- 11B Empowering Settlement Commission for regularisation of export obligation default
- 12 Penalty or confiscation not to interfere with other punishment
- 13 Adjudicating Authority
- 14 Giving of opportunity to the owner of the goods (including the goods connected with services or technology), etc
- 14A Controls on export of specified goods, services and technology
- 14B Transfer controls
- 14C Catch-all controls
- 14D Suspension or cancellation of a licence
- 14E Offences and penalties
- 15 Appeal
- 16 Review
- 17 Powers of Adjudicating and other Authorities
- 18 Protection of action taken in good faith
- 18A Application of other laws not barred
- 19 Power to make rules
- 20 Repeal and savings
