Foreign Trade Procedure updates notify Handbook compilations and set EDI compatible procedures for trade compliance and administrative alignment. The notification establishes the Handbook of Procedure compilations and the Schedule of DEPB rates as the operative compilations under the Foreign Trade Procedure, subject to amendment, and states the Handbook's objective to implement the FT(D&R) Act and the Foreign Trade Policy by prescribing simple, transparent, EDI compatible procedures with definitions drawn from the FT(D&R) Act, its rules, orders and the Foreign Trade Policy.