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of <h1>New Foreign Trade Procedure 2023 Simplifies Import-Export Rules, IEC Requirements, and Trade Agreements in India</h1> The Foreign Trade Procedure (FTP) 2023 outlines general provisions for imports and exports in India, including application procedures for authorizations and licenses. It specifies that international trade can occur with any country unless restricted by the FTP or ITC(HS). Applications for restricted goods or benefits under FTP are submitted online, requiring documentation in English or Hindi. The document details the Importer Exporter Code (IEC) requirements, exemptions, and procedures for obtaining and modifying IECs. It also covers the validity and revalidation of authorizations, import/export of restricted items, and guidelines for warehousing, quality certification, and trade agreements. Additionally, it addresses tariff rate quotas, export policies, and procedures for issuing certificates of origin.
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