The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 140] NEW DELHI, TUESDAY, SEPTEMBER 2, 1969/BHADRA 11,1891
Separate paging is given to this Part in order that it may be filed as a separate compilation.
MINISTRY OF FOREIGN TRADE AND SUPPLY
PUBLIC NOTICE
IMPORT TRADE CONTROL
New Delhi the 2nd September 1969
SUBJECT ;—Policy for investment by non-resident of Indian origin or otherwise in Kandla Free Trade Zone—Release of manufactured items from Free Trade Zone against valid import licences.
No. l46-ITC(PN)/69.—The licensing policy in respect of Kandla Free Trade Zone has been reviewed; and it has been decided in regard to non-residents of Indian origin or of other origin, as follows : —
(i) Customs Clearance Permits (CC Ps) will be issued freely for import of plant and machinery needed for setting up new industries for manufac- turing/converting goods for exports against the applicants' own foreign exchange. In such cases no clearance from the Director General Tech- nical Development is necessary.
(ii) Where import is to be made against foreign exchange other than the appli- cants' own, clearance from the Director General Technical Develop- ment will be necessary as hithertofore, before import licences are issued
766 THE GAZETTE OF INDIA EXTRAORDINARY [PART I - S E C. 1] 3. It has also been decided that if a product, the import of which Is permissible according to the Import Policy in force, is manufactured In Kandla Free Trade Zone, such manufactured goods will be permitted to be sold in India against a valid General currency area import licenpe.4. Since tfiere will be no remittance of foreign exchange in tire transactions re- ferred to in para 3 above, the eligible parties should apply to the licensing autho- rity concerned for customs clearance permits. In case import is intended against an Import licence already issued with exchange control copy, the licensees should return both the customs and the exchange control copies of the licence to the con- cerned licensing authority for amendment.
B. J, REBELLO,
Chief Controller of Imports & Exports.