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of <h1>Commerce Committee Seeks Input on Foreign Trade Amendment Bill to Revise 1992 Act: Key Changes and Proposals.</h1> The Standing Committee on Commerce is seeking suggestions on the Foreign Trade (Development and Regulation) Amendment Bill, 2009, which aims to amend the 1992 Act. Key proposals include enabling quantitative restrictions, tightening controls on dual-use goods, incorporating technology and services under the Act, removing the need for import/export licenses unless specified, expediting trade dispute resolutions, improving penalty systems, empowering settlement commissions, broadening the definition of 'license,' and allowing review of subordinate officers' decisions. Interested parties are invited to submit memoranda and may provide oral evidence. Submissions will remain confidential until the Committee's report is presented to Parliament.
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