Eastern U. P. Exporters Association [EUPEA]

Introduction

As per Section 2(e) of the Foreign Trade (Development & Regulation) Act, 1992, the term export is defined as an act of taking out of India any goods by land, sea or air and with proper transaction of money. However, in simple terms, export may be defined as the selling of goods to a foreign country. India’s Foreign Trade i.e. Exports and Imports are regulated by Foreign Trade Policy released by the Ministry of Commerce under FT(D&R) Act, incorporating provisions relating to export and import of goods and services.