Subject NOT available

click here for IIIF manifest

REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 82] NEW DELHI, TUESDAY, APRIL 18, 1972/CHAITRA 29, 1894

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

MINISTRY OF FOREIGN TRADE

PUBLIC NOTICE

IMPORT TRADE CONTROL

New Delhi, the 18th April. 1972.

'SUBJECT:- Supply of imported steel for export production during April 1972--

March, 1973

No. 56-ITC(PN)/72.—A scheme has been formulated lor the supply of lmport- #d steel to Registered Exporters, to enable them to execute export orders held toy them, for which the requisite quantum of steel may not be available indi- jgeneously. The necessary supplies of imported steel would be made available through the Hindustan Steel Ltd., at the J.P.C. or the ruling H.S.L. price where the J.P.C. price is not available, plus 2 p"r cent thereof. The categories of steel .covered by the scheme are given in the annexure to this Public Notice.

2 The scheme will apply to the export products requiring steel as a raw .materials and which fall In the Engineering Group mentioned In the Import Trade Control Policy (Red Book—Vol. II) for the period April 1972—March •1973. Registered Exporters intending to avail of the facility of allocation of steel under this scheme should get their export contracts registered with the Engineering Export Promotion Council, Calcutta or Its regional offices at Delhi, Madras and Bombay.

(633)

3. Applications for allocation of steel should be made to the licencing autho- rities concerned supported by a copy of the export order for which imported steel is required through the Engineering Export Promotion Council. Each applicant will approach the Engineering Export Promotion Council with full details of his requirements (including requirements of non-steel items) related to his ex- port order. 'The Engineering Export Promotion Council will register only those contracts which are supported by irrevocable Letters of Credit. The Chief Con- troller of Imports and Exports may, however, waive the requirement of Letter of Credit on merits in individual cases recommended by the Engineering Export Promotion Council. The Engineering Export Promotion Council will assess the requirements of steel for the export contract in question in consultation with the D.G.T.D. (Export Promotion Cell) and a certificate to this clfect counter- signed by D.G.T.D. (Export Promotion Cell) would be prepared In duplicate. The certificate of assessment will indicate the category, size and section of steel, the quantity and the estimated c.li. value, covering the total requirements of steel for the execution of the export contract in question. The certificate will also indicate the break-up of the total requirements of the applicant, quarter-wise, for the year 1072-73, and in respect of the requirements pertaining to each quar- ter, it will indicate the quantity of steel to be allowed for import and the quantity to be obtained from indigeneous sources. The original copy of the certificate will be attached to the application which will be forwarded to the licensing authority. The duplicate copy will be sent by the Engineering Export Promotion Council to the Iron and Steel Controller, Calcutta.

4. Applications should be made in the prescribed form and manner for re- gistered exporters accopipanied with a treasury challan for Rs. 50 and the docu- ments as indicated above.

5. The licensing authority will issue a release order on the Hindustan Steel Limited in favour of the applicant covering the total requirements in respect of the first quarterly period (i.e. April—June 1972) as indicated In the aforesaid certi- ficate of assessment. The release order will indicate the specification of steel, Its quantity and the estimated c.i.f. value. The limiting factor in the release order will, however, be quantity only. The release orders covering the require- ments for subsequent quarterly periods i.e., July—September 1072, October— December 1972 and Janatiary—March 1973 as indicated in the certificate of assess- ment will be Issued to the extent these requirements cannot be met by indigeneous sources, as recommended by the Iron & Steel Controller. Calcutta, on the basis of the scrutiny of the duplicate copy of the certificate of assessment endorsed to him by the Engineering Export Promotion Council. The Iron ana Steel Controller will send ; his recommendation to this effect direct to the licensing authority concerned within one month of receipt of the duplicate copy of the certificate of assessment from the E.E.P.C. The licensing authorities and their jurisdiction are indicated in Section III. Annexure VIII of Volume II of the Red Book.

6. The applicants will be required to give a bank guarantee to the licensing authority for a value equal to 50 per cent of the value of imported steel for which the release order is issued, undertaking to export gooda of the f.o.b. value for which the contract has been registered by the Engineering Export Promotion Council. The period for the execution of the export contract as Indicated in the bank guarantee will be the same as indicated in the contract. Alternatively, the exports may also give a legal undertaking (without bank guarantee) to the effect that if they fail to export the goods In accordance with the programme of export, their products equal to twice the quantity of the unfulfilled export obligation will have to be handed over as a. penalty to the Hindustan Steel Limited or any other publlce sector agency nominated by Government for export at such prices as it is able to obtain abroad, and for payment of liquidated damages to the agency as provided in paragraph 145(5) (b) of the I.T.C. Hand book of Rules and Proce- dure, 1972-73.

7. Registered Exporters, who wish to avail of the facility of allocation of steel- under this Public Notice will be entitled to apply tor Import replenishment licen- ces (or release orders In terms of the Import policy for Registered Exporters) only for the remaining permissible Items, other than steel, and only for the balance entitlement thereof. In other words, further replenishment of steel would no longer be available to Registered Exporters availing of this Scheme. For the other item?, applicants would be .permitted to apply to the licensing authorities concerned In

PART I—SEC. 1] THE GAZETTE OF INDIA¹ EXTRAORDINARY 635

accordance with the procedure aa laid down in the Red Book (Vol. II) for 1972-73. They may also avail of the facility to obtain advance licences in respect of the remaining items and for the remaining import replenishment other than steel. The import replenishment entitlement in such cases will be suitably adjusted. having regard to the value for which the steel has been allocated to the applicant under this Public Notice with due regard to the import requirement of non-steel, items considered essential for the due execution of the export contract. The extent to which the value will be adjusted will be decided in each case in con- sultation with the technical authorities concerned.

8. In regard to draw back on account of export contracts fulfilled by utilising-. steel imported under this scheme, in whole or in part, the entitlement will be- calculated as. if the entire quantity of steel used is of indigenous origin. The 2 per cent surcharge on imported steel fixed under this scheme will not be taken. Into account in determining the draw back entitlement.

ANNIXUBE

1. Mild Steel Billets.

2. Mild Steel Wire rods.

3. High Carbon wire rods.

4. Bars and rods.

5. Hot rolled Strip/Skelp.

6. Mild Steel angles.

7. Other Structural viz., Beams, Channels etc.

8. Mild Steel plates.

9. Hot rolled/cold rolled sheets.

M. M. SEN,

Chief Controller of Imports and Exports,

Pjfer I—SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 637

PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD,

NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS, DELHI, Ift72i