The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 43] NEW DELHI, FRIDAY, MARCH 17, 1967/PHALGUNA 26, 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 11th March 1967
S U B J E C T- I m p o r ts f r om t he U . S . A. u n d er U . S. A ID N o n - P r o j e ct L o a n,
1966.
No. 27-ITC(PN)/67—Attention of Importers Is Invited to the Ministry of Commerce Public Notice No. 45-ITC(PN)/66. dated the 5th April, 1966, as amend- ed by Public Notice No. 66-ITC(PN-)/6fi, dated the 26th May, 1966, 73-ITC (PN)/66, dated the 7th June, 1966, 82-ITC(PN)66, dated the 17th June, 1966, 91-ITC(PN)/66, dated the 28th June. 1960. 137-1 LC(PN) /66, dated the 15th Octo- ber, 1966. 141-ITC(PN)/0fi, dated the 28th October, 1966, and 20-ITC(PN)/67, dated the 7th February, 1967, setting out the terms and conditions applicable to Import Licences issued against U.S. AID Non-Project Loan, 196G.
Itf THE GAZETTE OF INDIA EXTRAORDINARY [PAST I §m%XoOoe No. 45-ITC(FN) 60, dated the 5th April, 18"6 u untnded from thm + time, and in respect of which authorisations for opening Letter of Credit has bee" issued by the Ministry of Finance (Department of Economic Affairs) under AID Loan No. 386-H-160, or in respect of which no authorisations for opening Letter at Credit have so far been obtained, has since been examined and it has beat decided that, whenever a party holding such a licence, applies to the licenaiiix authority for the revalidatipn of his licence, the licensing authority may auto- matically revalidate the licence in question, upto the 31st December, 196T, pro- vided the party concerned furnishes an undertaking in writing to the licensing authority that in respect of the licence to be revalidated. he will ensure com- pliance with the following: —
(i) All shipments, and payments shall be completed in full by the Mtt December, 1967.
(li) Credit facility extended by the U.S. Supplier is not availed of. Clii) The AID rules and procedures as contained in Public Notice No. llfr- ITC(PN)/66, dated the 11th August, 1966, as amended from lime to time, shall be compiled with In their entirety while effecting (b* imports.
When revalidating the licence upto the 31st December, 1967 as indicated above, the licensing authority will also simultaneously make amendments in the licence in question to indicate that (a) the licence will be governed by the terms aiid conditions of Public Notice No. 115-ITC(PN)/fl6, dated the 11th August, 1966. as amended from time to time, and not Public Notice No. 4&-ITC (PN) /66, dated the 5th April, 1966, as originally endorsed on the licence and (b) the licence is issued under U.S. Aid Loan No. 3&6-H-160 and not under the U S. Aid Non-Project Loan. 1068.
3. Importers desirous of having their licences revalidated in terms of para 2 above should apply to the concerned licensing authority enclosing with their application the undertaking mentioned in para 2 above alongwith a certified copy at the authority issued by the Ministry of Finance (Department of Economic- Affairs) for opening the Letter of Credit under Aid Loan No. 386-H-160 in respect at the licence for which revalidation is sought or in case no authority for opening the Letter of Credit has been obtained, a certificate to that effect. No request for revalidation beyond the 31st December, 1967, will be entertained under any circumstances in such cases.
4. Revalidation of import licences granted under US AID Non-Project Loan, 1966 and in respect of which the Ministry of Finance (Department of Economic Affairs) have issued authority for opening the Letter of Credit under AID Loan No. 386-H-155 will continue to be governed by the provisions of the Minister of Commerce Public Notice No. 20-ITC(PN)/67, dated the 7th February, 1967.
P. D, KASBEKAR.
Chief Controller of Imports and Experts.