Rule 2 - Definitions - 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; 1 [(c) importer or exporter means a person who imports or exports goods or services or technology and holds a valid Importer exporter Code Number granted under section 7; (d) licensing authority means an authority authorised under sub-section (2) of section 9 to grant or renew a licence, certificate, scrip or any instrument bestowing financial or fiscal benefits under these rules; (e) Policy means the foreign trade policy formulated and announced by the Central Government under section 5;] 2 [xxxxx] 3 [(f) section means a section of the Act; (g) special licence means a licence granted under sub-section (2) of section 8; (h) value has the meaning assigned to it in clause (41) of section 2 of the Customs Act, 1962 (52 of 1962); (i) words and expression used in these rules and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act.] ***************************** Notes :- 1. Substituted vide Notification No. G.S.R 300(E), Dated 17-04-2015 , before it was read as:- (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;] 2. Omitted Vide Notification No. G.S.R. 300(E), Dated 17-04-2015, before it was read as:- (f) schedule means a Schedule appended to these rules; 3. Substituted vide Notification No. G.S.R 300(E), Dated 17-04-2015, in existing clause (g), (h), (i) and (j) shall be re-lettered as clauses (f), (g), (h) and (i)