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prices, seizure of grams/pulses when import of these items was restricted to contain domestic prices.
Further, Section 5 of the FTDR provides for formulation and implementation of the Foreign Trade Policy (FTP). A large number of commercial fraud cases involving huge revenue have been booked by DRI for violation of FTP.
Besides, Strategic Trade Control Enforcement (STCE) has become an important dimension of national security. Strategic Trade Control Enforcement refers to enforcing
Wildlife Protection Act, 1972
It is a well-known fact that our country is a treasure trove of varied flora and fauna and over the years illegal wildlife trade has emerged as a form of organized transnational crime that has threatened the existence of many wild species across the globe. Wildlife Protection Act, 1972 is an important legislation that provides for the protection of the country’s wild animals, birds and plant species in order to ensure environmental and
licensing provisions in trade of strategic goods like WMDs or dual-use goods, which have both military and civilian applications. Dual-use goods in Indian context refer to goods which are part of SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technology) list notified by DGFT as per FTDR Act and are subject to licensing regulation. A number of cases of Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) violations have been booked by DRI.
ecological security. The Act helped India become a party to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which is a multilateral treaty with the objective of protecting endangered animals and plants. Export and import of the wild animals as listed under Schedules I to IV of the Wild Life (Protection) Act, 1972 along with their parts and products, are prohibited.
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