The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 70] NEW DELHI, FRIDAY, APRIL 19, 1968/CHAITRA, 30, 1890 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 19th April 1968
SUBJECT:—Revalidation of actual user licences.
316 T HE GAZETTE OF INDIA EXTRAORDINARY [PART I-Stec. I] provides that the revalldation of an Import licence allowed by a licensing authority may be subject to such conditions or restrictions as such authority may impose.2. In view of the above provisions, the licensing authorities wiU consider requests for revalidation of actual user licences for raw materials/components/ spares on the basis indicated below: —
(a) Import licences Issued against free foreign exchange or rupee payment will be considered for revaluation upto a maximum prlod of six months, Including the period of revalidatlon already availed of, if any. (b) Requests1.for revalidation of licences Issued against foreign credits/Loans will be considered and licences revalidated for such period as may be consistent with the terms and conditions of the concerned Loan or Credit-
(c) While considering applications for revalidation, the licensing authorities will delete items, the import of which is not allowed to actual users in terms of the import policy In force at the time of considering the application for revalidation. The items shown as licensable to actual users for export production only will be treated as not permissible for this purpose. In the case of chemicals drugs and medicines and dyes-intermediates, only those items which appear in the banned list In the relevant Red Book will be treated as not permissible for this purpose.
P. D. KASBEKAR,
Chief Controller of Imports & Exports.