Page 169 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(iv) - 9
A-646: ii – 4
Q-647: Under which act Foreign Trade policy is announced from time to time
(i) FEMA
(ii) FT(D&R)act
(iii) FERA
(iv) Customs act
A-647: ii - FT(D&R)act

FOREIGN TRADE
Q-648: The aim of Data Suppression Policy is to maintain
(i) Confidentiality of importer’s and exporter’s commercially sensitive business data
(ii) Transaction level data would not be made publicly available to protect privacy

(iii) Trade data shall be made available at the aggregate level, with a minimum possible
time lag on commercial criteria.
(iv) All the above
A-648: All the above
Q-649: State true or false
No provision in policy to add new import item in Authorisations
A-649: True
Q-650: Explain the meaning of Capital Goods in Foreign Trade Policy

A-650: Any plant, machinery, equipment or accessories required for manufacture or
production, either directly or indirectly, of goods or for rendering services, including those
required for replacement, modernisation, technological upgradation or expansion. It also
includes packaging machinery and equipment, refractories for initial lining, refrigeration
equipment, power generating sets, machine tools, catalysts for initial charge, equipment and
instruments for testing, research and development, quality and pollution control. Capital
goods may be for use in manufacturing, mining, agriculture, aquaculture, animal husbandry,
floriculture, horticulture, pisciculture, poultry, sericulture and viticulture as well as for use in
services sector.
Q-651: The licencing authority of Hotel and Tourism industry for import of car
(i) Minstry of External Affairs
(ii) Ministry of Commerce
(iii) Directorate General of Foreign Trade
(iv) Customs
A-651: Directorate General of Foreign Trade

Q-652: The role of facilitator on Foreign Trade
(i) Minstry of External Affairs
(ii) Ministry of Commerce
(iii) Directorate General of Foreign Trade

(iv) Customs

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