Canalised list items in foreign trade of India refers

Solution

The export import policy announced on March 31, 1992 said that all goods, except those coming under the negative list, could be freely imported and exported. The negative list consisted of goods, the import or export of which was prohibited; restricted through licensing or otherwise; or canalized. Canalized items can be imported by Canalized Agency only and not by an individual importer. An individual importer requires an Import license issued under the Export and Import Policy for importing canalized items.