Foreign Trade (Development and Regulation) Act 1992 with Rules – Bare Act with Section Notes By Taxmann’s Editorial Board

Foreign Trade (Development and Regulation) Act 1992 with Rules [Bare Act with Section Notes] by Taxmann is a comprehensive and authoritative statutory compilation governing India’s foreign trade regime. Enacted to facilitate imports, promote exports, and regulate cross-border trade in goods, services, and technology, this legislation forms the backbone of India’s export-import control framework. The 2026 Edition presents the complete and updated text of the Foreign Trade (Development and Regulation) Act 1992, meticulously amended up to date, along with detailed section-wise notes, explanatory commentary, and relevant subordinate legislation. The publication offers both doctrinal clarity and practical usability, making it an indispensable reference for understanding the powers of the Central Government, the role of the Director General of Foreign Trade (DGFT), licensing mechanisms, enforcement provisions, penalties, and appellate remedies.

This book is intended for the following audience:

• Advocates & Legal Practitioners – For precise statutory reference, interpretation of trade-control provisions, and litigation involving import/export restrictions, penalties, confiscation, and DGFT actions
• Chartered Accountants, Company Secretaries & Cost Accountants – For advising clients on export-import compliance, licensing, foreign trade policy, and regulatory exposure
• Trade & Compliance Professionals – Exporters, importers, EXIM consultants, logistics professionals, and compliance officers dealing with IEC, licences, and trade controls
• Government Officials & Regulators – Officers in DGFT, Customs, Commerce Ministry, and allied departments involved in the administration and enforcement of foreign trade laws
• Students & Academicians – Law, commerce, and management students requiring an authentic Bare Act with explanatory guidance
• Libraries & Institutions – As a dependable, updated statutory reference on India’s foreign trade law

The Present Publication is the 2026 Edition, covering the amended and updated text of the Foreign Trade (Development and Regulation) Act [Act No. 22 of 1992] and Rules, with the following noteworthy features:

• [Authentic Text] Incorporates the fully amended and operative text of the Foreign Trade (Development and Regulation) Act 1992, along with all allied Rules, Orders, and Notifications
• [Up-to-date] Updated to reflect all statutory amendments, notifications, and regulatory developments up to date
• [Statutory Updates] Covers amendments expanding the scope of the Act to services and technology, quantitative restrictions, safeguard measures, and export-control provisions, including linkages with the Special Economic Zones Act 2005
• [Pre-amendment Provisions] Includes the text of provisions as they stood prior to amendment through detailed amendment footnotes, enabling a clear understanding of the pre-amendment legal position and its applicability
• [Section-wise Notes & Commentary] Each section is supported by expert notes, clarifications, statutory explanations, and relevant judicial interpretations for deeper understanding and practical application
• [Comprehensive Coverage] Includes, inter alia:
  • Foreign Trade (Regulation) Rules 1993
  • Foreign Trade (Exemption from Application of Rules in Certain Cases) Order 1993
  • Safeguard Measures (Quantitative Restrictions) Rules 2012
• [Case Law Compilation] Select Supreme Court decisions and landmark judgments interpreting foreign trade policy, licensing, penalties, quantitative restrictions, and DGFT powers
• [Ready-reference Tool] Equipped with a detailed subject index, statutory definitions, and procedural clarity for quick navigation
• [Practical Usability] Designed for day-to-day use in courts, compliance departments, regulatory authorities, trade bodies, and academic institutions
• [Compliance Guidance] Explains the interplay between foreign trade policy, customs law, SEZ framework, and international obligations (WTO, GATS, export-control and WMD regulations)

The structure of the book is as follows:

• Bare Act Text presented section-wise for accuracy and statutory authenticity
• Section Notes are placed immediately below relevant provisions for contextual understanding
• Chapter-wise Arrangement for logical flow—from policy formulation to enforcement and remedies
• Allied Rules and Orders reproduced in full, ensuring one-point reference
• Subject Index enabling quick location of provisions, concepts, and authorities