Which items are included in the negative list of imports out of the combination given below : (1)…
Under India's Export-Import (EXIM) Policy, the Negative List of Imports consists of three categories: Canalised items (1), Banned/Prohibited items (2), and Restricted items…
Choose your answer
Which items are included in the negative list of imports out of the combination given below :
(1) Canalised items
(2) Banned items
(3) Restricted items
(4) Items of open General Licence
Answer and explanation
Correct answer D
Under India's Export-Import (EXIM) Policy, the Negative List of Imports consists of three categories: Canalised items (1), Banned/Prohibited items (2), and Restricted items requiring a licence (3). Items under Open General Licence (4) are freely importable and excluded from the negative list, making '1, 2 and 3' correct.
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UGC NET Commerce