The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 189] NEW DELHI, FRIDAY, AUGUST 25, I972/BHADRA 3, 1894
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 25th August 1972
SUBJECT.—Import of raw materials and components by priority industries during April 1972—March. 1973 period.
No. 123-ITC(PN)/72.—Attention is invited to the provision made in paragraph 8, Section 1 of Import Trade Control Policy (Red Book—Vol. I) for April 1972— March 1973 In terms of which units which have obtained licences for raw- materials/components against their application made during April 1971—March 1972 should make their import applications during April 1972—March 1973 on the basis of actual consumption in continuation of the period of consumption covered by the applications made during April 1971—March 1972 at a time for actual consumption of not less than 3 months and not more than 6 months.
2. The position has been reviewed and it has been decided to insert paragraph 9-A below the existing para 9 in Section 1 of the Import Trade Control (Red Book—Vol. I) for April 1972—March 1973 as under: —
453 J THE GAZETTE OF INDIA EXTRAORDINARY LPAUT I—SEC. I)- taming to a period prior to April 1971, it will bc open to the licensing/ sponsoring authorities to either refuse the imprt licence/release order or reduce its value suitably having regard to the requirements of the unit."