Subject NOT available

click here for IIIF manifest

REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART I—Section I

PUBLISHED BY AUTHORITY

No. 10] NEW DELHI, MONDAY, JANUARY 15, 1973/PAUSA 25, 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

I M P O RT T R A DE C O N T R OL

New Delhi, the 15th January 1973

SUBJECT:-—Transfer of imports/exports effected under Indo-Afghan Trade Arrange-

ment period 1971-72.

No. 4-ITC(PN)/73.—Attention is invited to Ministry of Foreign Trade Public Notice No. 93-ITC(PN)/71, dated 31st July, 1071 and subsequent Public Notice No. 10-ITC(PN)/72, dated 22nd Jannary 1972.and Public Notice No l52-lTC(PN)/72, dated 25th October, 1972.

2. In terms of para 11 of the Public Notice No. 93-ITC(PN)/71, dated 3lst July, 1971, the 'approved importers' were required to make advance exports in the ratio of 75 per cent : 25 pur cent. as between traditional and non-traditional items. These advance exports were to be counter-balanced by imports of fresh fruits by 30th November, 1972. vide Public Notice No. 152-ITC(PN)/72, dated 25th October, 1972.

3. It is hereby notified that no CCPs will be granted to those approved importers, who have either failed to effect advance exports in the required proportion of 75 per cent : 25 per cent us between traditional and non-traditional items or, having made the advance exports in the required proportion, failed to counter-balance their advance exports by imports of fresh fruits, by the crucial date i.e.,, 30th November, 1972. However, they will be allowed to transfer their advance exports, effected

(3l)

— - -^ during 1971-72 period, jo those parties, who have imported fresh fruits from Afgha- nistan during March, 1972-February, 1P73; ami will be subject to the following conditions: —

(]) Thf transferor, i.e. the exporter, who made the advance exports during 1971-72 period, shall not be eligible to take into account the exports so transferred for any benefit under the Indo-Afghan Trade Agreement during the current or future periods.

(ii) The prescribed export obligation during the current period i.e. March 1972-February 1973, is 50 per cent: 50 per cent., as between Schedule B-I and B-II items. Therefore, such transferer exporters shall be liable to penal action, under the import and export control regula- tions, in the event of tho failure of the transferee to discharge bis L-xport obligation in the aforesaid proportion i.e. 50 per cent: 50 per cent, during the current penod.

4. Ii is clarified that In case the transfers are completed botoro 28th February, 1973 and the export: obligation, in respect ov the current period ic, March, 19(72'/, February-1973, has been fulfilled in the required proportion (i.e. 50 per cent; 50 per cent os between Schedule B-I and B-II items) before 28th February. 1973, there will bo no bar to the concerned approved importers applying for issue of CCPs during the current period, ii otherwise eligible.

5. In the erne of importers, who hart oil'ccted imports of fresh fruits from Afghanistan dnrmg 1971-72 trade arrangement period, the last date for fulfilment of counter-export obligation in the required proportion (i.e. 75 per cent : 25 per cent as between traditional and non-traditional items), expired on 31st July, 1972. Such oi the importers, who had completed their counter-balancing exports of the required value upto 31st July, 1972. but the proportion of their non-traditional exports was either nil or less than the prescribed minimum of 25 per cent,, will be allowed transfer a part of their exports of traditional goods to those parties, who had im- ported fresh fruits from Afghanistan during March 1972-February, 1973 trade arrangement period; and who have si ill to make their counter-balancing exports. Such transform would result in creating an import balance with the transfers, against which they would be able to export non-traditional items to Afghanistan, or to acquire from others, by ttansfe-r, the export of non-traditional items, so as to make up the shortfall in their exports of non-traditional goods. These transfers are required to bo completed by 28th February, 1973 at the latest and will be subject to the following conditions:

(n Tt will not absolve the transferee importer of the responsibility of dis- charging his counter-balancing export obligation of traditional and non- traditional goods in the prescribed proportion of SO :50 during the current agreement, period.

(ih The transferor will not be eligible to take Into account the exports .so transferred for uny benefit under the Indo-Afghan trade during the riim-nt or future periods.

K. S. NABANG,

Chief Controller of Imports & Exports.

33