The Spaces
India’s Foreign Trade i.e. Exports and Imports companies in India are regulated by Foreign Trade Policy notified by Central Government in the exercise of powers conferred by section 5 of foreign trade (Development and Regulation) Act 1992.
Presently Foreign Trade Policy 2015-20 is effective from 1st April 2015. As per FTD & R act, export is defined as an act of taking out of India any goods by land, sea, or air and with the proper transaction of money.