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REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No . 180] NEW DELHI, TUESDAY, NOVEMBER 3, 1970/KARTIKA 12, I892

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

MINISTRY OF FOREIGN TRADE

PUBLIC NOTICES

IMPORT TRADE CONTROL

New Delhi, the 3rd November 1970

SUBJECT:—Issue of import licences for steel to actual users.

No. 161-ITC(PN)/70— Attention is invited to item No. 5 in the Annexure to the Ministry of Foreign Trade Public Notice No. 140-ITC(PN)/70 dated 11-9-1970, It has been decided that the description of item No. 5 may be substituted as under:—

"Hot and/or cold rolled strips (not less than 200 mm in width") and skelp, in coils, of mild, high carbon or alloy steels (excluding stainless steel)."

2. In order that small scale units may be able to procure their requirements conveniently 'off-the-shelf against the import licences held by them, It has been decided that such units may, if they so desire, approach the Hindustan Steel Limited to obtain supplies from their ready stocks on presentation of valid import licences issued for steel items issued under Public Notice No. 140-TTC(PNV70 dated 11-9-1970. The units will be required to surrender the licences in question to the

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Hindustan Steel Limited and the Hindustan Steel Limited will supply the goods for the unutilised value of the licences. This facility will be available in respect of licences issued against any mode of financing,

SUBJECT: - Import of ran- materials, components and spares by actual user}, in the small scale sector during April 1970—March 1971—Modes of financing

No. 162-ITC (PN)/70.—Attention is invited to paragraph 5 of the Ministry of Foreign Trade Public Notice No. 5e-ITC(PN)/70 dated 14-4-1970 and Tubllc Notice No. 87-ITC(PN)/70 dated 23-6-1970 on the above subject.

2. Oh a review of the position, it has been decided to revise the modes of financing for issue of licences to non-exporting units in the small scale sector for import of raw materials, components and spares. Accordingly, applications for the grant of licences for import of raw materials and components (including spares in the case of units engaged in industries other thnn priority) from the small scale units (non-exporting units) for the period April 197O.-Jtfarch 1971 will be considered under the following modes of financing:—

(1) 50 per cent under free foreign exchange,

(li) 25 per cent under U.K. credit (U.K./India Maintenance Loan (No. 2f 1970). The terms and conditions of this credit have been announced in the Ministry of Foreign Trade Public Notics No. 139-ITC(PN)/70 dated 30-10-1970.

(,iii) 25 per cent against U.S. AID/Rupee Payment. While applying for licences, the applicants should give their option whether a licence may be Issued to them against U.S. AID or Rupee Payment Area. Where an applicant does not give his option to this effect in his import application, it will be open to the licensing authority to issue the licence against any of these modes of financing. Requests for conversion from U.S. AID into Rupee Payment Area and vict-vtrta will be considered in terms of Ministry of Foreign Trade Public Noti"e No. 87-ITC(PN)/70 dated 23-6-1970.

H. Import licences already issued to small scale units for import of raw materials, components and spares for the period April 1970—March 1971 under U.S. AIT>/ Rupee Payment will be re-Issued in accordance with the provisions of sub-p*r"s 2(il) and 2 (ill) of this Public Notice if requests to this effect are received by the licensing authorities concerned within 60 days from the date of issu" of this Public Notice.

4. Paragraph 5 of the Public Notice No. 56-ITC(PN)/70 dat"d 14-4-1871 may be deemed to have been amended accordingly.

R. J. MEBBLLO,

Chief Controller of Imports & Ixperti,

PRINTED BY THE OENERAL MANAGER, GOVERNMENT OP INDIA PRESS, MINTO ROAD,

NEW DELHI AND PUBLISHED BY THE MANAGER OF PUB' JTATIONS, DELHI, 1 9 70