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of <h1>2015 Amendments to Foreign Trade Rules Redefine Importer, Expand Licensing, and Boost Authority for Searches and Seizures.</h1> The Foreign Trade (Regulation) (Amendment) Rules, 2015, issued by the Central Government under the Foreign Trade (Development and Regulation) Act, 1992, amends the 1993 rules. Key changes include redefining terms such as 'importer' and 'licensing authority,' expanding the scope of applications for licenses and benefits to include services and technology, and revising rules related to the refusal of licenses and recovery of benefits. The amendments also enhance the powers of authorities to search, seize, and inspect premises, goods, and documents related to foreign trade, including electronic records, to prevent violations of the Act.
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