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    <description>Foreign Trade Policy 2023 governs imports and exports, permits public-interest amendments, and preserves the stated validity of pre-existing trade instruments. Specific provisions override general provisions, and policy changes ordinarily apply prospectively, with limited protection for transactions supported by pre-existing irrevocable commercial letters of credit. Trade facilitation relies on transparency, technology, paperless processes and risk-based procedures. Export consignments receive protection against undue delay, while digital platforms support trade registrations, certificates of origin, export-proceeds records and dispute handling. Status Holder recognition links export performance with customs, authorisation, self-certification and priority-processing privileges.</description>
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