Executive Summary:
This notification, No. 68 RE201320092014, issued by the Department of Commerce on February 12, 2014, concerns the export of arms and related materials to the Government of Iraq. It amends the Foreign Trade Policy 2009-2014, specifically paragraph 2.1.1, to permit such exports under certain conditions. This notification takes immediate effect.
Key Points / Main Content:
* **Amendment to Foreign Trade Policy:**
* Paragraph 2.1.1 of the Foreign Trade Policy 2009-2014 is amended.
* **Export/Import Restrictions:**
* The import/export of Arms and related material from/to Iraq is Prohibited.
* **Export Permission:**
* Export of Arms and related material to Government of Iraq shall be permitted.
* **Condition for Export:**
* A No Objection Certificate from the Department of Defence Production is required for permitted exports.
Impact Analysis:
* **Exporters of Arms and Related Materials:**
* *Impact:* Can now export to the Government of Iraq, subject to obtaining a No Objection Certificate.
* *Action Required:* Must obtain a No Objection Certificate from the Department of Defence Production before exporting.
* **Department of Defence Production:**
* *Impact:* Responsible for issuing No Objection Certificates for the export of arms and related materials to the Government of Iraq.
* *Action Required:* Establish a process for reviewing and issuing No Objection Certificates.
* **Government of Iraq:**
* *Impact:* Can now receive imports of arms and related materials from exporters who have obtained the required certificate.
* *Action Required:* No direct action stipulated in the document.
Key Entities Referenced
Government of Iraq: The governing body of the Republic of Iraq, the recipient of permitted arms exports under specific conditions outlined in the notification.
Foreign Trade Policy, 2009-2014: A trade policy document which is being amended by this notification, specifically regarding the import/export of arms and related materials to Iraq.
Foreign Trade Development Regulation Act, 1992: An act of the Indian Parliament that empowers the Central Government to regulate foreign trade. Section 5 of this act is the legal basis for the notification.
Ministry of Commerce and Industry: The Indian government ministry responsible for formulating and implementing foreign trade policy, which issued the notification.
Department of Commerce: A department within the Ministry of Commerce and Industry.
Arms and related materials: The specific goods whose export to the Government of Iraq is being regulated by this notification.
Department of Defence Production: The Indian government department from which a No Objection Certificate (NOC) is required for the export of arms and related material to the Government of Iraq.
New Delhi: The location where the notification was issued.