Foreign Trade (Development & Regulation) amendment bill,2009

[m24]

Today's Times of India, Page 15, Delhi Edition talks about Foreign Trade (Development & Regulation) amendment bill, 2009, introduced in Rajya Sabha on 25th of November, 2009. The notification says that this is available in htp://rajyasabha.nic.in under the caption "Bills with the Committees", but couldn't find it there. They want general public's response on a lot of points, the one that we can (under my common logic) use to our advantage is:

a) Dispense with the requirement of obtaining any license or permit for import or export except as may be provided under the Act.

b) Broaden the scope of word "license" defined in the Act.

My understanding of the law is nil. I can't understand the L to the W of the technical terms used. But can someone go through this and let us common people know whether we can state our grievance w.r.t to restriction of Arms Import under this new amendment??

The DGFT site is not available because of some technical issue. Neither am I able to locate this document on the Rajya Sabha site(they may be updating it later).

If we can repeal the arms restriction under the proposed amendment, then we have time till 3rd of February to send responses to [email protected] or mail to Shri Surinder Kumar Watts, Joint Secretary, Rajya Sabha Secretariat, Room No. 240, Second Floor, Parliament House Annexe, New Delhi (Tel: 011-23034240)

Regards

[casual shooter]

http://dgft.delhi.nic.in/
please visit this site under min of commerce.

[m24]

I've tried that site. I got the following error message "This frame was blocked because it contains some insecure content".

Regards

[m24]

Can anyone into trade figure this out for us common folks??

Regards

[goodboy_mentor]

It is available at http://164.100.47.5/newsite/press_relea ... ittee.aspx I will try to go through it and understand.

[m24]

Thanks, gb_m.

Regards

[goodboy_mentor]

I have gone through the draft, what I have been able to understand as a layman, is that this bill is going to amend Foreign Trade (Development & Regulation) Act 1992, statement of objects and reasons have been mentioned on page 10 of draft. It is mainly being done to include "technology" & "services" within the above Act to help companies dependent on doing trade with clients outside India(example: IT cos., BPOs etc.) not to require a "license" for import/export of "technology" & "services", provision to enable quantitative restrictions for imports on goods(to prevent cheap dumping of goods into India by other countries/organizations), tighter control over export of "dual use" goods used for weapons of mass destruction.

If we can repeal the arms restriction under the proposed amendment, then we have time till 3rd of February to send responses to [email protected] or mail to Shri Surinder Kumar Watts, Joint Secretary, Rajya Sabha Secretariat, Room No. 240, Second Floor, Parliament House Annexe, New Delhi (Tel: 011-23034240)

I do not see the above amendment in any way going to strengthen or weaken the notification for restriction on import of arms by individuals. This amendment seems totally unrelated.