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REGISTERED No. D. 421

The Gazette of India

EXTRAORDINARY

PART I-Section 1

PUBLISHED BY AUTHORITY

No. 203] NEW DELHI. THURSDAY, DECEMBER 10, 1970/AGRAHAYANA 19,1892

Separate paging to given to this Part in order that it may be filed

as a separate compilation.

MINISTRY OP FOREIGN TRADE

PUBLIC NOTICE

IMPORT TRADE CONTROL

New Delhi, the 10th December 1970

SUBJECT.—Import from U.S.A. under U.S. AID commodity Programme Assistance—

Revalidation of licences issued under (i) U.S. AID Loon No. 388-H-176/

184 and (ii) U.S. AID Loan No. 386-H-196.

No. 170-ITC(PN)/70-Attention is invited to the Ministry of Foreign Trade

Public Notice No. 7e-ITC(PN)/70, dated the 28th May, 1970 issued on the above

mentioned subject.

2. Following signing of the new AID non-project loan agreement (Loan No.

386-H-207) the question of further revalidation of import licences has been con-

sidered and it has been decided that licences issued on or after 1st January, 1970

may be revalidated on a request, upto fifteen months from the date of issue of

the licence or 31st March 1972 (exclusive of the usual one month grace period),

whichever is earlier. This revalidation will, however, be admissible only if the

authorisation letters for opening letters of credit issued by the Ministry of Finance

(1245)

124$ ™E GAZETTE OF INDIA EXTRApRDINARY [pjAt M i ne 1]

against the licences are exclusively under Loan No. 386-H-207. or where the 4rti- porter certifies that no authorisation letter for opening letter of credit has bnpn applied for or obtained In respect of any portion of the licence. The payments to U.S. suppliers should be finalised within thirty days from the date of shipment.

3. Importers holding AID licences issued on or after 1st January, 1970, seeking revalidation, should apply direct to the licensing authority concerned for exten- sion in the validity period admissible in terms of this Public Notice. The requesi may be accompanied by true copies of all authorisation letters issued by the Ministry of Finance againat the licence, or the importer's certificate referred to above, as the case may be.

4. Importers already holding letter-of-credit-authorisations under AID Loan No. 386-H-267 should apply to the Ministry of Finance fon corresponding exten- sion in the authorisations, with a letter, where necessary, from the bank., which furnished the relative guarantee, extending the basic validity of the guarantee upto one month beyond the last date permiwibje foj¹ flnaltflatlpn of payments.

R. J. REBELLO,

Chief Controller of Imports & Export*,

[PART I—Sec, 1] THE GAZETTE OF INDIA BXTKAOR DINARY 1347