1. Foreign Trade (Development and Regulation) Act, 1992  Chapter I - Preliminary  Chapter II- Power of Central Govt to make orders and announce Export and Import Policy  Chapter III – Importer and Exporter Code Number and Licence  Chapter IV – Search, Seizure, Penalty and Confiscation  Chapter V – Appeal and Revision  Chapter VI – Miscellaneous Provisions

2. CHAPTER I Preliminary Sec 1 Short Title and Commencement Sec 2 Definition i) Adjudicating authority ii) Appellate authority iii) Conveyance iv) Director General v) Import and Export vi) IEC

3. CHAPTER II Sec 3 : Powers to make provisions relating to imports and exports - Central Govt, may publish in Official Gazette, make provision for dvpt & regulation of FT - Facilitate imports, increase exports, - Provision for prohibiting and restricting trade of certain commodities

4. Sec 4 Continuance of existing Orders - All orders under Imports and Exports (Control) Act, 1947 will continue to be in force Sec 5 Export and Import Policy - Central Govt may announce the EXIM policy and amend the same, when needed. Sec 6 Appointment of Director General and his functions - Central Govt may appoint any person - DG may advise CG in formulation of EXIM policy

5. CHAPTER III Sec 7 Importer exporter Code Number - No exports or imports without the granr of IEC number Sec 8 Suspension and Cancellation of IEC - Contravention of any law relating to Central Excise or customs or foreign exchange or committed any economic offence - Give the person an opportunity of being heard and making his presentation - Person whose IEC cancelled can deal with FT only on obtaining a special licence from the DG.

6. Sec 9 – Issue, suspension and Cancellation of licence - Application to DG with the prescribed fees - DG scrutinize the application and check for the details and decide the issue or renewal or refuse the grant of licence

7. CHAPTER IV Sec 10 Power relating to search and seizure - CG authorize any person to enter premise and search, inspect and seize of goods, documents, things, conveyances - Provisions of Code of Criminal Law, 1973 applicable Sec 11 Contravention of provisions - Contravention of provisions shall be liable to a penalty not exceeding Rs. 1000 or 5 times the value of the goods, whichever is more.

8. - If the person accepts the contravention, settlement by deciding the amount of payment - Penalty unpaid will be collected as arrear in land revenue and suspension of IEC till the payment of penalty - Release of goods, conveyance or any related things will be made only on payment of the amount equivalent to the market value of the confiscated things

9. Sec 12 Penalty or confiscation not to interfere with other punishment - Any penalty imposed under this act will not prevent the imposition of any other punishment Sec 13 Adjudicating Authority - Adjudge the penalty or confiscation Sec 14 giving opportunity to the owner of the goods, etc - Informing him on the grounds - Make representation in writing

10. Chapter V Sec15 Appeal - Any person aggrieved by the decision or order made by the Adjudicating authority can appeal to the higher level - To be made within 45 days from the order being passed - On approval of the Appellate Authority a further extension of 30 days is permitted.

11. - Decision on penalty or redemption cannot be appealed without the payment of the amount. - Enquiry will be made and final order will be passed which cannot be appealed any more. - The order by the Appellate Authority will be the final.

12. Sec 16 Revision - Examine the records of any proceedings as to the correctness, legality or propriety of such decision or order made. - To be made within 2 years from the date of order

13. Sec 17 Powers of Adjudicating and other Authorities - Have all powers of a civil court under the Code of Civil Procedure, 1908 - Summoning and enforcing the attendance of witness. - Requiring the discovery and production of any document - Requisitioning any public record or copy thereof from any court or office - receiving evidence on affidavits - Issuing commissions for the examination of witness or documents

14. - Has the power as under 345 and 346 of the Code of Criminal Procedure, 1973. - Make interim decision and also order the stay of operation of any decision or order. - Clerical and arithmetic mistakes can be corrected.

15. Chapter VI Miscellaneous Sec 18 Protection of action taken in good faith - No order made in this court shall be called in question in any court. Sec 19 Power to make rules - In discussion with the Central Govt Sec 20 Repeal and Savings - Imports and Exports (Control) Act, 1947 and Foreign Trade (Development and Regulation) Ordinance, 1992 repealed.