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REGISTERED NO. D-221

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 26] NEW DELHI. TUESDAY, FEBRUARY 7.1967/MAGHA 18, 1888

Separate paging is given to this Part in order that it may be filed as a separate compilation.

MINISTRY OF COMMERCE

PUBLIC NOTICE

IMPORT TRADE CONTROL.

New Delhi, the. 1th February 1967

SUBJECT.—Imports from the U.S.A. under U.S. Aid Non-Project Loan 1966.

No. 20-ITC(PN)/fi7.—Attention of importers is invited to Ministry of Com- merce Public Notice No. 45-ITC(PN)/66, dated the 5th April, 1966 as amended by Public Notices No. 66-ITC(PN)/66, dated the 26th May, 1966. 73-ITC(PNV68 dated the 7th June, 1966, 82-ITC(FN)/69 dated the 17th June, 1869, 91-ITC(PN)/ 66 dated the 28th June, 1966, 137-ITC(PN)/66, dated the 15th October, 1966 and 141-ITC(PN)/66 dated the 28th October, 1966 setting out the terms and condi- tions applicable to Import licences issued against U.S. Aid Non-Project Loan, 1966.

2, In modification of the provisions of Clause (e) under paragraph 3 of the Public Notice No. 45-ITC(PN) /66 dated the 5th April 1966 as amended, it has been decided that licences issued under U.S. Aid Non-Project Loan 1966 may be revalidated by the licensing authorities concerned suitably on the merit of each case provided the revalidation in no case extends beyond the 30th April, 1967 and the licensing authority prior to effecting revalidation of the import licence obtains an undertaking in writing from the importer that he will ensure com- pliance with the following: —

(i) all payments are completed in full by 31st May, 1967; and (ii) credit facility extended by U.S. Supplier, is not availed of. (65 ) 56 THE GAZETTE OF INDIA EXTRAORDINARY {PAR! I~Sfcc, ]J

3. The above decision will apply only to licences granjed under U.S. Aid Non- Project Loan 1968 against which orders have been finalised with U.S. Suppliers and authorizations for opening Letters of Credit covering the value of the licence tn full or in part have already been obtained by the importer from, the Ministry of Finance (Department of Economic Affairs) under Aid Loan No. 386-H-153.

4. Importers desirous of having their licences revalidated in terms of para- graphs 2 and 3 above should apply to the concerned licensing authority enclosing with their applications the undertaking mentioned in paragraph 2 above along- with a certificate that they have established a Letter of Credit, or are holding authorization issued by Ministry of Finance (Deptt., of Economic Affairs) for opening Letter of Credit, under Aid Loan No. 3B6-H-155, in respect of the licence for which revalidation is sought.

5. No request for revalidation beyond 30th April, 1967 will be entertained under any circumstances.

P. D. KASBEKAR,

Chief Controller of Imports and" Exports,PRINTED IN INDIA BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PJIIISS, NEW DELHI AND PUBLISHED BY TBH MANAGER OF PUBLICATIONS, DELHI. 1 9 67