The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 215] NEW DELHI, FRIDAY, SEPTEMBER 22, 1972/BHADRA 31, 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 22nd September 1972 SUBJECT.—Import: of raw materials and components by units engaged in priority industries during April 1972—March 1973.
No. 138-ITC(PN)/72.—Attention is invited to Paragraph 9 in Section 1 of the Import Trade Control Policy (Red Book—Vol. 1) for April 1972—March 1973 period in terms of which units engaged in priority industries can apply for Import of raw materials and components on the basis of consumption during a period of not less than three months and not more than six months at a time.
2. In partial modification of the aforesaid paragraph of the Red Book, it has been decided that units engaged in priority industries may apply on the basis of consumption during a period of three months or six months or 12 months, at a time, subject to other conditions relating to the submission of import applications and grant of licences to priority industries as laid down in the Red Book.
3. In cases where import applications are made on the basis of consumption during a period of twelve months under para 2 above, the import licences, if otherwise admissible, will be issued subject to the condition that the licensee shall not be permitted to make remittance against his licence for a value exceeding 50 per cent of the value of the licence during the first six months of the validity period of the licence.
I55" THE GAZETTE OF INDIA EXTRAORDINARY [PART I—Sfic. U