The Gazette of India
LX1RA0RDINARY
PART I—Section I
PUBLISHED BY AUTHORITY
No. 194] NEW DELHI, FRIDAY, DECEMBER 8, 1967/AGRAHAYANA 17, 1889
Separate paging is given to this part in order that it may be filed
as a separate compilation.
MINISTRY OF COMMERCE
PUBLIC NOTICES
IMPORT TRADE CONTROL
New Delhi, the 8th December 1967
SUBJECT:—Import Policy for Registered Exporters for the year April 1967—March, 1968.
No. 182-ITC(PN)/67.—Attention is invited to the Import Policy for Registered Exporters contained in Part 'B' of Seel ion III of the Import Trade Control Policy Book (Red Book) for the year April 1967—March 1968, issued under the Ministry of Commerce Public Notice No. 32-IPC(PN)/67, dated May I, 1967, us amended from time to time.
2. The following amendment may be made at the appropriate place as indicated below:—
Reference
Amendment!.
Page No. of the Red Book
1
2
3
7<6 r i IE GAZETTE OF INDIA EXTRAORDINARY , [PAKT I-SJC. II SUBJECT -.-Devaluation of Krona {Denmark Currency)—Consequential reduction in the rupee value of import licence.No. 183-ITC(PN>/67.—As a result of devaluation of the 'Krona' (Denmark currency) with effect from 21st November. 1967, It has been decided to reduce the rupee value of import licences issued against Danish Credii before 21st November-. 1967 and which re- mained unutilised whplly or partially on 21st November, 1967. The procedure to be fallowed in this regard is indicated below.
2. In the case of import licences issued against Danish Credit, the c.i.f. rupee value as shown: in. the licences will stand automatically reduced for the purpose of clearance and remittance to the extent of eisnt Per Cent (8%) of that portion of the' Value of the licence which has not been utilised before 21st November, 1967. The unutilised value for the purpose of clearance will be judged from the Customs copy of the licence; and the un- utilised value for the purpose of remittance^ will be judged from the Exchange Control copy of the licence.
3, The reduction in value in the Customs copy of the licence will be recorded by the Customs Authorities when the licensee produces to them his licence at the time of clear- ance of the next consignment. Similarly, reduction in value in the Exchange Control copy of the licence will bo recorded by an authorised dealer in foreign exchange at the time of the next remittance.
SUBJECT:—Devaluation of NewzedUwd dollar—Consequential reduction in the rupee value
of import licence.
No. 184-ITC(PNV67.—As a result of devaluation of the Newzealand dollar with effect from 22nd November, 1967, it has been decided to reduce the. rupee value of import lcences issued specifically for import from Newzealand before 22nd November, 1967 and which remained unutilised wholly or partially on 22nd. November, 1967,, The pro- cedure to be followed in this regard is indicated below.
2. In the case of import licences issued specifically for import from Newzealand, the c.i.f. rupee value as shown in the licences will stand automatically re'duced for the purpose of clearance and remittance to the extent of twenty per cent (or one, fifth) of that portion of the value of the licence which has riot been utilised before 22nd Notferjiber, 1967. The unutilised value for the purpose of clearance will be judged;from, the Customs Copy of the licence; and the unutilised value for the purpose of remittance will be judged from the Exchange Control Copy of the licence.
3. The reduction in value in the Customs copy of the licence will be recorded by the Customs Authorities when the licensee produces to them his licence at the tim^ of clearance of the next consignment. Similarly, reduction in value in the Exchange Control Copy of the licence will be recorded by an authorised dealer in foreign exchange at the time of the next remittance.
P- D. KASBEKAR,
Chief Controller of Imports & Exports.