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of <h1>2010 Amendment Expands Foreign Trade Act: Redefines Imports/Exports, Adds Services & Tech, Updates Policy, Integrates WMD Controls.</h1> The Foreign Trade (Development and Regulation) Amendment Act, 2010, amends the 1992 Act to redefine 'import' and 'export' to include services and technology, alongside goods. It introduces new definitions for 'services,' 'service supplier,' and 'technology,' and specifies that Special Economic Zones are governed by the Special Economic Zones Act, 2005. The Act replaces 'Export and Import Policy' with 'Foreign Trade Policy' and allows the Central Government to formulate and amend this policy. It imposes quantitative restrictions on imports to protect domestic industries and outlines penalties for contraventions. The Act also integrates provisions from the Weapons of Mass Destruction Act, 2005, for controlling exports of specified goods, services, and technology.
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