Foreign Trade (Regulation) Rules, 1993
2. Definitions
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 authorized by the Director-General under sub-section (2) of section 9 to grant or renew a license 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 license", means a license 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.
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