Rule 2 - Definitions - Foreign Trade (Regulation) Rules, 1993

Definitions. 2. In these rules, unless the context otherwise requires,- (a) Act , means the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992); (b) charitable purpose includes relief of the poor, education, medical relief, and the advancement of any other object of general public utility; (c) importer or exporter , means a person who imports or exports goods and holds a valid Importer-Exporter Code Number granted under section 7; (d) licensing authority , means an authority authorised by the Director-General under sub-section (2) of section 9 to grant or renew a licence under these rules; (e) policy means the export and import policy formulated and announced by the Central Government under section 5; (f) Schedule , means a Schedule appended to these rules; (g) section , means a section of the Act; (h) special licence , means a licence granted under sub-section (2) of section 8; (i) value has the meaning assigned to it in clause (41) of section 2 of the Customs Act, 1962 (52 of 1962); (j) words and expressions used in these rules and not defined, but defined in the Act shall have the meanings respectively assigned to them in the Act.