The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 52] NEW DELHI, TUESDAY, MARCH 13, 1973/PHALOUNA 22, 1894
Separate paging is given to this Part in order that it may be filed
as a separate compilation.
MINISTRY OF COMMERCE
PUBLIC NOTICE
EXPORT TRADE CONTROL
New Delhi, the 13th March 1973
SUBJECT.—Exports to the Arab Republic of Egypt and Sudan under Indo-AKE and
Indo-Sudan Trade Arrangements.
No. 7-ETC(PN)/73.—Attention of all exporters is invited to Public Notices No, 9(ETC)/PN/71, dated the 17th November, 1971 and No. 18-ETC(PN)/72, dated the 8th September, 1972 wherein procedure for entralised confirmation of letters of Credit for exports to Egypl and registration of contracts for exports to Sudan has been laid down. These instructions are recapitulated for Compliance by all exporters:
1. All exports to Arab Republic of Egypt under the Indo-ARE Trade Arrange- ment should be made only against valid letters of credit reconfirmed by the State Bank of India, Bombay. It should be noted that this reconfirma- tion of letters of credit by the State Bank of India is to be in addition to the normal confirmation to be given by the bank on which the credit is opened.
254 T HE GAZETTE OF INDIA EXTRAORDINARY [PART I—SEC. 113. It may be noted that under the current Indo-ARE and Indo-Sudan Trade Arrangements there is no provision for new deferred payment contracts. Therefore no new contracts should be entered into for exports to these countries on deferred payment basis.
S. G. BOSE MUIXICK,
Chief Controller of Imports & Exports.