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of <h1>Central Government Regulates Foreign Trade to Boost Exports Under Foreign Trade Act, 1992; No License Needed Generally</h1> The Central Government holds the authority to regulate foreign trade by issuing orders to facilitate imports and boost exports under the Foreign Trade (Development and Regulation) Act, 1992. This includes the power to prohibit, restrict, or regulate imports and exports of goods, services, or technology, particularly when linked to foreign trade policy benefits or specified services and technologies. Goods subject to such orders are treated as prohibited under the Customs Act, 1962. Generally, no permit or license is needed for importing or exporting goods unless specified by this Act or related rules and orders.
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