My good old friend is kindly shared India's regulatory development information.
According to the web news below, The Foreign Trade Act of 1992 will be amended.
(Quote from http://www.taxguru.in/ )
The Foreign Trade (Development and Regulation) Amendment Bill, 2010, (Sill’) has been passed by Rajya Sabha on 9 August 2010. The Bill seeks to amend the Foreign Trade (Development and Regulation) Act, 1992 (‘the Act’) which empowers the government to regulate trade in goods. The amendment now seeks to bring in ’services’ and ‘technology’ within the purview of this Act. It also aims to impose Quantitative Restrictions and to bring in provisions for more stringent control for trade of dual-use goods and technologies.
However, the effective date of the provisions would be notified separately.
(End of Quote)
From this article, I'm not quite sure what is the impact to traders, as the details are not described. It seems India will introduce the license control over the transfer of "services" and "technology", however if you look through the SCOMET list, certain kind of technology is already in the list. What is the new substantial impact of the amendment?
(Highlight of SCOMET list: http://dgftcom.nic.in/exim/2000/scomet.htm )