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of <h1>Amendment Expands Definition of Import and Export to Include Services and Technology; Revises Foreign Trade Policy Terms</h1> The Foreign Trade (Development and Regulation) Amendment Act, 2010, amends the 1992 Act to include services and technology in the definition of import and export. It introduces new definitions for services, service suppliers, and specified goods or technology, and revises the terms of foreign trade policy, replacing 'export and import policy' with 'foreign trade policy.' The Act allows the Central Government to impose quantitative restrictions on imports to protect domestic industries, with exceptions for developing countries. It also outlines penalties for contraventions and establishes controls on the export of specified goods, services, and technology, aligning with the Weapons of Mass Destruction Act, 2005.
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