144°
T H E GAZETTE OF INDIA EXTRAORDINARY
[PART I—SIX. 1J
SUBJECT.—Submission of applications for licences for import of capital goods.
No. 113-ITC(PN)/72.—Attention is invited to column 6(viii) of form 'E' meant
for applications for Import of Capital goods, appearing in Appendix 3 (pages 313—•
323) of the Import Trade Control Hand Book of Rules and Procedure, 1972-73,
according to which the applicants requiring to import Capital goods have to furnish
satisfactory documentary evidence from foreign suppliers (e.g., the proforma Inv ice
etc.) in support of the C.I.F. value of the goods sought to be imported.
2. It has been decided that, in future, the proforma invoice or other satisfactory
and acceptable evidence in support of the C.I.F. price, furnished with the applications
for import of Capital Goods, should indicate separately the amount to be incurred
on account of (i) freight and (il) insurance, as included in the C.I.F. price declared
by the applicant in his import application.
H. Import licences for Capital Goods will continue "to be issued for C.I.F. value
but the licencing authorities will endorse the licence indicating separate amounts
in respect of (i) the F.O.B. value of equipment, (ii) freight and (iii) insurance. It
will also be a condition of the licence thflt the amount paid in respect of each of
these iball not exceed the amount as specified in the licence or the actual amount
charged, whichever is lower
(Sd.) M. M. SEN,
Chief Controller of Imports & Ertport.
