Law Governing Licensing
The main law governning the authorization of licensing is contained in the Control of Imports and Exports ( Temporary ) Act, 1947, which has been amended when necessary and which is still in force. This law is administered by the Ministry of Commerce which, from time to time, issues necessary orders, notification, directives, pertaining to all export / import matters including issuance of licences and permits as well.
Licensing Authority
The authority to issue export / import licences and permits is delegated to Directorate of Trade and Department of Border Trade under the Ministry of Commerce. Directorate of Trade is authorised to issue export / import licences and permits for export / import by overseas. Department of Border Trade is authorised to issue export / import licences for cross border trade.
Registration
All private business enterprises, both local and foreign, co – operative societies, joint – venture organizations, desirous of carrying on export / import business are required to apply to the Directorate of Trade for registration as exporter / importer.
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