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REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 193] NEW DELHI, THURSDAY, AUGUST 13, 1973/BHADRA 1, 1895

Separate paging is given to this Part in order that it may be filed

as a separate compilation

MINISTRY OF COMMERCE

PUBLIC NOTICE

IMPORT TRADE CONTROL

New Delhi, the 23rd August 1973

SUBJECT.—Licensing conditions relating to import from Canada of equipment and/ or machinery and/or services under Canadian Development Line of Credit dated 16th July, 1971 as amended on March 31, 1973 for C $ 20 million.

No. 139-ITC(PN)/73.—The terms and conditions relating to imports from Canada of equipment and/or machinery and/or services under Canadian Develop- ment Line of Credit, dated the 16th July, 1971 as amended on March 31, 1973 for C $ 20 million, as given in Annexure to this Public Notice are notified for informa- tion.

ANNEXURE Licensing conditions relating to import from Canada of equipment and/or machi- nery and/or services under Canadian Development Line of Credit dated the 16th July, 1971 as amended on March 31, 1973 for C$20 million.

1.1. The licence will be issued with an initia validity of four months or upto May 31, 1974, whichever is earlier. Firm orders must be placed on the suppliers within the initial validity period. If orders cannot be placed within this period, the licence should be submitted for revalidation giving the reasons for the delay in placing orders and indicating the date by which orders would be placed. Such requests will be considered on merits by the CCI&E in consultation with the Min- istry of Finance (Department of Economic Affairs) where necessary.

(1169)

1^. While purchase orders/contracts may be concluded on FAS, FOB/CIF or h. ™*o¹S* C a n a d lan International Development Agency (CIDA) will finance only the FAS or, in the case of bulk shipments, FOB costs Canadian Port or a portion thereof.

1.3. After orders have been placed, licensees should approach the CCI&E lor revalidation to cover shipments and Payments with documentary proof of firm orders having been placed and an indication of the contractual date(s) of ship- ment(s).

2. All shipments and Payments must be completed within one month of the expiry of the licence. Individual payments must be arranged upon shipment of goods. No credit facility or any kind will be permitted.

Purchase Requirements:

3.1. Procurement of goods and services should be made in accordance with sound business practices. The Importers can call lor tenders, negotiate a contract or continue to deal with his original Canadian supplier as he deems appropriate. Information on Canadian suppliers can be obtained from the Canadian High Commission, New Delhi.

3.2. While inviting tenders or giving due publicity or negotiating a contract, the importer shaJl;

(i) as for as possible indicate the technical specifications of the Items to be procured in terms of Canadian standards and indicate the Canadian equivalent in case he has to adopt other than Canadian standards.

(II) make it clear to the supplier^ that each offer or order should have a minimum Canadian Content of 40 per cent. The supplier should be asked to indicate in all cases the percentage of Canadian content of the Item in question both by percentage and value (in Canadian dollar).

(ill) require the supplier^ to indicate specifically the FAS (and, in the case of bulk shipments ordered on FOB, the FOB) cost, and separately the costs of ocean freight and insurance.

(lv) ask the suppliers to indicate the Indian agents commission, if any sep- arately and clearly advise him that this commission will be paid In India In Indian Rupees.

4.1. CIDA will finance the entire FAS/FOB value of equipment and machinery having Canadian Content of 66-2/3 per cent or more. Equipment and machinery with less than 60-2/3 per cent but not less than 40 per cent Canadian Content is eligible for partial financing under this credit on cost-sharing basis In accordance with the following formula:

1 Share of the Canadian International Development Agency (CIDA) I.e. out of the Canadian Credit—Actual Canadian FAS/FOB Content 66-2/3 per cent X Value of equipment.

2, GOI Share, to be financed with free foreign exchange—Value of equip- ment less CIDA share.

Accordingly, In cases where the Canadian Content falls below 66-2/3 per cent, and as a consequence, CIDA wiJl not finance the full FAS/FOB cost, the Ministry of Finance Deptt. of Economic Affairs on an application being made to them by the importer as detailed In para 6 below, would release Initially free foreign exchange covering the FAS/FOB value of the equipment, in addition to the release of an amount to cover freight and Insurance, The free foreign exchange released for FAS/FOB value of equipment would be got reimbursed partially from CIDA on the basis of the cost-sharing formula on the submission by the importer of shipping and other documents, detailed in subsequent paragraphs.

4 2 While requesting for release of Canadian Credit for import of spare parts of eauiwnent and/or machinery previously financed from CIDA funds, the importel shall Identify the source of original financing and the name(s) of original sup- pliers of such equipment/machinery.

5. It will not be necessary to invite tenders or give due publicity in one oi more of the following situations; —

(i) when procurement la proposed under certain supplier/importer relation- ship and the importer is a recognised traditional customer of the supplier.

(11) when procurement concerns an item(s) available from a specific: sup- plier only.

(iii) when the item(s) to be procured is (are) by nature and specification peculiar to the specific manufacturing process or end products.

6. Purchase Contracts

6.1. The value of contracts should be expressed In Canadian dollars. Indian Agent's Commission, payable in Indian Rupees, will be debited against the Ex- change Control Copy of the Import Licence.

6.2. Copy of each purchase order or contract including all amendments should be forwarded to CIDA. Two such copies (together with a copy of the letter of approval of CIDA where applicable) are to be forwarded to the Ministry of Fin- ance, Department of Economic Affairs. Economic Aid Accounts Branch Jeevan Deep Building, 10, Parliament Street, New Delhi.

7.1. Bank Guarantee In cases where the Canadian Content of an equipment is 68-2/3 per cent or more and hence direct payment procedure by CIDA to suppliers would be involved, the importer will have to furnish a Bank Guarantee in the form attached (Appen- dix 'A') from an authorised dealer in foreign exchange in India for the full FAS/ FOB (in case of bulk shipments) cost of orders placed against the import licence plus 1 per cent thereof converted at the old composite rate of Rs. 701=Canadian. $ 100 (with a provision that the Bank undertakes to make such additional deposits as may be necessary in terms of late Ministry of Foreign Trade Public Notices No. 133-ITC(PN)/70 dated 4th September 1970 and 108-ITC(PN)/72 dated 21st July, 1972 and the value ol¹ the Bank Guarantee stands automatically adjusted due to any further change in the composite rate). The Bank guarantee should be ex- ecuted on a non-judicial stump paper, the value of the stamp being adjudicated by the Collector of Stamps in accordance with the provisions of Section 31 of the 1 Stamp Act, 1899. (No bank guarantee is required from Public Sector Projects if the import is arranged through any branch of the State Bank of India or its sub- sidiary or any of the nationalised banks). On receipt of Bank Guarantee, the Department of Economic Affairs will send one copy of the purchase order to CIDA, Ottawa, through the Canadian High Commission authorising them to issue a confirmatory purchase order to the Canadian supplier.

7.2, In cases where the Canadian Content of equipment is less than 66-2/3 per cent but not less than 40 Per cent the importer shall submit his application for release of free foreign exchange to the Controller of Aid Accounts, Ministry of Finance, Department of Economic Affairs, 10, Parliament Street, New Delhi 110001. The application shall be supported by two copies of the purchase order or contract (vide para 8.2 below) (together with a copy of approval from CIDA where appli- cable). The applicant shall also furnish information regarding the percentage of the Canadian Content of the Item(s) both by percentage and value in Canadian dollars. No bank guarantee need to be furnished In such cases. No L/C may be opened or remittances made in such cases without specific authorisation from the Controller of Aid Accounts. 8. Instructions from importer to supplier:

8.1. The purchaser shall instruct the Canadian supplier to submit to CIDA.

(a) a copy of the Canadian Content Declaration Form (Appendix 'B') ex-

cept in the case of services:

(b) a declaration that the price quoted or charged is fair and reasonable

(Appendix 'C'); and

(c) a copy of the offer of sale or purchase contract (including all amend-

ments) between the Canadian supplier and the purchaser.

8.2. The purchase order should contain precise details as follows: —

(a) Detailed specification, quantity, unit of measure and price of the mat-

erials or equipments to the supplier.

(b) Detailed delivery instructions. fc) Percentage of Canadian Content of the equipment. (d) Information that -where the Canadian Content of the equipment etc. imported under the Canadian Credit is 86-2/3 per cent and above, the

FAS costs Canadian seaport, including all terminal charges, or FOB vessel costs in the case of bulk shipments, will be paid by CIDA, and where the Canadian content is less than 66-2/3 per cent but not loss than 40 per cent, the entire FAS/FOB costs will be Paid by the im- porter through normal banking channels; the Indian Agent's Com- mission, if any, will be paid in Indian rupees in all cases.

(e) Advice concerning the arrangements which will be made for insurance and booking and payment of ocean freight and the mode of trans- portation.

Of) The name and address of the ultimate consignee, the notifying party (if applicable) and the port of discharge.

(g) In cases where Canadian content is 66-2/3 per cent or more, the pur- chaser shall give instructions to suppliers that they should send by FAST AIR MAIL the negotiable shipping documents to the designated Indian Bank (a branch of State Bank of India or of any of the nationalised banks in the case of Public Sector Undertakings) simul- taneously they submit their invoices (one original with 3 copies thereof) 3 copies of non-negotiable bills of landing or acceptable duck receipts accompanied by Inspection, weight and analysis certificates to CIDA, Ottawa for payment. Subsequently, after receiving payment from CIDA, the suppliers should indicate by. Air Mall, the date and amount of payment to the importers and their bank and also to the Economic Aid Accounts Branch of the Department of Economic Affairs. While submitting documents to CIDA for payment, the suppliers should certify to CIDA that (a) they have despatched original ship- ping documents to the bank in India by Air Mail, and (b) immediately after receiving payment, they would intimate to the importers, their bankers and to the Department of Economic Affairs by Air Mail the amount and the date of payment by CIDA.

In case where Canadian content is less than 66-2/3 per cent.—In case where the equipment and/or machinery has Canadian content less than 66-2/3 per cent but not less than 40 per cent, the negotiable shipping documents (with 2 copies thereof) and the invoices (one original with 5 copies thereof), 5 copies of non-negotiable bills of landing or accept- able dock receipts accompanied by inspection, weight and analysis certificates (with two copies thereof) with an Indication separately of the "FAS/FOB cost which will not be financed by the CIDA on the basis of the cost-sharing formula should be forwarded by East-Air- Mail to the designated Indian Bank who will remit the payments to the supplier through normal banking channels and release the docu- ments to the importer. The Indian bank should immediately after payment is made to the supplier arrange to send to the Economic Aid Accounts Branch, Department of Economic: Affairs, Ministry of Fin- ance, Jeevan Deep Building, 10 Parliament Street, New Delhi two copies of the shipping documents 4 copies of invoices, 4 copies of non- negotiable bllla of landing or acceptable dock receipts accompanied by two copies of inspection, weight and analysis certificates, to enable the latter to obtain reimbursement for a portion of the FAS value of the imported items on cost-sharing basis mentioned under para 4.1.

(h) In the case of services, instructions to the supplier to send to the Goy- ernment of India, Ministry of Finance, Department of Economic Attairs, Economic Aid Accounts Branch, Jeevan Deep Building, 10, Par- liament Street, New Delhi, the claim in duplicate for certification as to their correctness and for subsequent forwarding to CIDA for payment.

NOTE.—Once a purchase contract is placed on Canadian Supplier, it is con- sidered binding.

9. Report on Ordering

A quarterly report of orders placed as in the form Appendix 'D' attached herewith should be sent by the importer within 15 days of the end of each quarter to the Ministry of Finance, Department of Economic Ailairs, Economic Aid Ac- counts Branch and C.E, Section (Separate copies), and to the Foreign Exchange Section Of Ministry of Industrial Development, Udyog Bhavan, New Delhi. The report should continue to be sent until the import licence is fully utilised.

lti~ Payments against import licence:

(a) Where the items of import have 66-2/3 per cent or more of Canadian con-

tent.—(i) The import licence will not he valid for remittance of FAS or FOB cost (Canadian Port) from India, as the same will be paid in Canada out of the relevant Canadian Credit. Foreign Exchange necessary for other items will bo provided for In the import licence itself and will be remittable on the basis of the Exchange Control copy of the licence which will be valid for such payment. The Canadian suppliers will be paid the FAS or FOB cost directly by the CIDA on submission of the prescribed documents.

(ii) The Indian Bank which has furnished the guarantee in the case of private importers will receive the original shipping documents from the Canadian sup- pliers but should release the documents only after ensuring that the importer has deposited into the Government of India's account the rupee equivalent of the FOB/FAS cost of the import paid to the supplier by the CIDA the rupee equivalent being calculated at the exchange rate notified in late Ministry of Foreign Trade Public Notices No. 133-ITC(PN)/70, dated 4th September, 1970 and lO8-ITC(PN)/72 dated 21st July, 1972 and also interest (ff> 6 per cent per annum on the amount of deposit calculated for the period commencing from the date of payment to the Canadian supplier by CIDA to the date of deposit of the said rupee equivalent. The necessary rupee deposits; relating to FOB/FAS cost and interest must be arranged to be made within 7 days of receipt of documents and advice of payment by the Indian Bank. The Head of Account to which the amounts should be credited is given below: —

"Deposits and advances—Part II Deposits UP¹ bearing interest—Other Deposit account Civil Deposits—deposits of enst of material and equipment procured under Canadian Development Line of Credit dated 16th July, 1971 as amended on March 31, 1973 for C$20 million."

IMPORTANT NOTE.—It should be noted very carefully that the said Exchange rate is the prevailing composite ratei of exchange and is subiect to change which, as and • when decided upon by the Government of India, will be communicated to the importers/bankers.

(b) Where the items o-f import have Canadian Content Zes.s than fifl-2/3 per cent but not less than 40 per cent.—(i) The Canadian surjollerg will be paid the FAS or FOB cost by Importers through normal banking channels on receipt of prescribed documents from the supplier, out of the free foreifin exchange released by Govern- ment of India, vide para 4.1 above.

(il) The Tndian Bank or the Stale Bank of India as the case may be through which remittance Is arranged in the Canadian suppliers will receive the original shipping documents from the Canadian suppliers but should release the documents to the importer only after ensuring that the remittance to the suppliers as men- tioned in preceding para has been made by the Bank.

(c) (i) The deposits mentioned in para lOfaKii") shall be made -normally at the Reserve Bank of India, New Delhi or the State Bank of India, Delhi; where this Is not feasible It Is permissible to remit bv means o* n demand draft drawn on and in favour of the State Bank of India, TN Hajari Branch. Delhi, vide the instruc- tions contained I" Public Notices No. 233-ITCfPNVfiR. dated 24th October, 19G8 and 132-ITC(PN)/71 dated 5th October, 1971. The importer should also nil in duplicate form "S" Incorporated in Annexure II to Public Notice No. 184-ITC(PNV6R dated 30th August, 1908 and present the same to the bank while arranging for rupee deposits in accordance with the procedure prescribed In the Public Notice.

(iO The Indian Bank concerned shall send one copy of the treasury Challan from the Reserve Bank of Indln or the State Bank of India to the Finance Minis- try Department of Economic Affairs. "Economic Aid Accounts Branch, Jeevan Deep Building 10 Parliament Street. New Delhi alongwith a forwarding letter giving full details "of the import and full sets of prescribed documents. In cases- covered by paro 10(b), all documents without treasure ehnllan would be sent to the Ministry of Finance. When all imports against nn import licence are completed and the Importers' bank applies for release of bank guarantee such requests should in- variably be made in tbe form i n d i t ed in Appendix 'F-' accompanied by a certi- ficate from importer confirming that wherever loss or damage to goods in transit or sh^ft lpndinF* of ponds has occurred, suitable claim related to It has been pre- ferred alone with details thereof. Tt should be noted that unless these nrp com- piled with, release of bank guarantee will not be considered.

(d) In the case of import of goods having 66-2/3 per cent or more of Canadian content, the Indian Bank concerned will verify, before making remittance of ocean freight amounts, that the necessary recoveries on account of FOB/FAS cost of goods paid by CIDA and also for interest charges at 6 per cent per annum from date of payment to date of deposit, have been made and the amounts credited to Government Account. 11. Ocean freight and inspections

The Importer shall be responsible for the arrangement and payment of: —

(a) the cost of ocean freight and insurance, preferably by an irrevocable Letter of Credit deposited with a Canadian bank and negotiable by the agency appointed by him to arrange ocean shipping and insuranre.

(b) the inspection of materials (other than that normally provided by the supplier in the form of manufacturer's warranty), where necessary, prior to packing and shipping.

(c) unloading and internal distribution of goods after arrival at the Indian

port.

12. Insurance

CIDA should be advised immediately concerning any shortages, damages or losses directly attributable to the ocean carrier for which it ig intended to place a claim on the insurance company, the cost of preferring gurh claim being borne by the importer.

Should the importer receive directly or indirectly any payment of marine insurance resulting from claims for loss or damage under a marine Insurance policy, be shall immediately notify CIDA of such payment and shall use such proceeds to replace the equipment or materials or portion thereof with like goods from Canadian sources.

13. Disputes

The Importer shall note that the Government will not undertake any responsi- bility for disputes, if any, that may arise.

14. Future Instructions

The importer, shall promptly comply with any directions, instructions or orders Issued by the Government regarding any and all matters arising from or pertain- ing to the Import licence. 15. Breach or violations

Any breach or violation nf the Condition? set forth in the clauses mentioned above would result in appropriate action under the Import and Export (Contiol) Act.

APPENDIX 'A'

To

The President, of India, through Secretary to the Government of India, Ministry of Finance, Department of Economic Affairs. New Delhi.

Sir.

In consideration of the President of India hereinafter referred to as the Gov- ernment' having agreed to arrange for payment in foreign currency of the price (if goods to be Imported by.

j. Individual/partners working under "j\ ''"" (ill) . . . . . . .. ! the name and style of Messrs.. (iv) J

(Name & address(es)

a company having its registered office at

in the State of ' hereinafter referred to as the Importers under

Import Licence No. dated granted for rupees, we hereby guarantee that we shall arrange to deposit to the credit qj! the Government in the Reserve Bank of India, New Delhi/ State Bank of India, Delhi, or by means of Demand Draft drawn on and in favour of State Bank of India, Tis Hazari Branch, Delhi in the manner and againgt the appropriate Head of Account as stated in the Licensing Conditions.

(i) Within 7 days of the receipt of the advice of payment, with shipping documents, from the Canadian suppliers of rupee equivalent of the F.A.S. cost in Canadian dollars disbursed by the Government of Canada (CIDA) to the suppliers, at the rate of Rs. 701-C $ 100 alongwith interest thereon at 6 per cent per annum from the date of payment of Canadian suppliers to the date of deposit of the rupee equivalent.

(ii) Within 7 days of the demand by the Government, such additional amount as may be demanded by the Government as being due on account of service charges.

2. We undertake to pay to the Government on demand and without demand such sum not exceeding rupees (plus interest~and_j5ervice charges as,aforesaid) as may be demanded by the Government in the event of the Importers failing or neglecting to make any of the above men- tioned said payments and the decision of the Government as to such failure or neglect on the part of Importers and as to the amount payable to the Government by us hereunder shall be final and binding on us.

3. We,

agree and undertake not to release shipping documents to the Importer until after the rupee equivalent as aforesaid and the other dues, if_any, as demanded by Government are deposited to the credit of the Government. ~ '

4. we

agree and undertake not to revoke this guarantee during its currency except with the previous consent of the Government of India.

5. The guarantee herein contained shall not be affected by any change in the constitution of the Importers or of our Bank.

shall not be released from our liability undpr this 6 The Government shall have the fullest liberty without affecting this guarantee to vary any of the terms of the Import licence detailed above or to extend the time for payment by the Importers from time to time or to postpone for any time and from time to time any of the powers exerclsable by it against the importers and W 6i guarantee by any exercise by the Government of the liberty with reference to the amount aforesaid or by reason of any such variation or extension of time being given to the Importers or any forebearance or commission on the part of the Gov- ernment or any indulgence by the Government to the Importers or by any of t he matters or things whatsoever which under the law relating to sureties shall but for this provision have the effect of so releasing us Bank from our such liability.

Our liability under this bond/guarantee is restricted to Rs (plus Interest and service charges as aforesaid not expected to increase 1 p er cent of the licence value) and it will remain inforce till t h e . . . . .. ** d a y. • (Month) 19 Unless claims under the bond/guarantee are made in writing'within six months of this date and unless a suit of action to enforce whose claims is commenced within another six months thereafter i.e upto . . .. all Government's rights under this bond/guarantee shall be forfeited and we shall be relieved and discharged from all liability thereunder.

Yours faithfully, Signature of the Authorised Officer of the Bank and Bank's full address

Place: D a t e : . ..

(The Bank guarantee is to be executed on a non-judicial stamp paper the value of the stamp being adjudicated by the Collector in accordance with the provisions of Section 31 of the Indian Stamp Act. 1899).

*Strike out which is not applicable. " T h is date shall be arrived at by adding one month to t he date by which all payments are expected to be finalised for shipments, as per delivery .chedule of the relative contracts.

APPENDIX 'B'

CONFIDENTIAL (When completed) Canadian International Development Agency Ottawa, Canada KIA OG 4 CANADIAN CONTENT

(Explanatory notes for filling this form are on tho reverse side)

(The information In this form is for the CONFIDENTIAL use of the Canadian International Development Agency; however, only the information provided in Line 7 should accompany the tender submitted to the Buyer),

Buyer: Country: Project No,: Head Office:

Supplier Tender No. Project Name: Plant Address:

Non-Canadian Total

Canadian

1, 2.

Material and labour Engineering and Development Royalties

3.

4. 5.

Duties (if applicable) Overhead, profit, administrative expenses, etc.

6. Total

0'

100%

7. Percentage of Content

%

8. Total costs of Materials purchased from

Canadian Firms. $

CERTIFICATION

J> .' • 'A; .' ' i ,y •; •; •/,• • •••••°t

an authorized (Name in Block Letters)

(Address)

signing officer of

certify that the above information (Name of Company)

has been examined by me and is accurate, true and complete.

Signature of Company's Comptroller or Treasurer

Date

EXPLANATORY NOTES FOR CANADIAN CONTENT FORM

General Comments

This- form is designed to provide data for evaluating the Canadian Content of Services, equipment and materials to be financed with Canadian funds. The Canadian international Development Agency reseryes the right to verify that the Canadian content requirement is being met as speci'fled, herein.

In preparing the Canadian Content Form the supplier should round out the costs in Canadian funds to the nearest dollar and ensure that the total Canadian and non-Canadian content in the last column on Line 6 equals the total selling price. All costs, direct and indirect are to be established in accordance with normal accounting practice in the firm. Supporting documents including Invoices, illus- trating how these costs have been established are to be held, for examination by the Canadian International Development Agency.

In designing the Canadian Content Form consideration has been given to the complexities and differences of accounting practices in industry. Experience in- dicates that the data required should be readily available from the cost records of the supplier. In specific cases where the Information requested is not applicable o notation, "N/A" should be written in the appropriate space.

Line 1.—"Canadian portion of material purchased should reflect how much of the material purchased from Canadian suppliers has a non-Canadian Content, for example, purchases from Canadian suppliers may cost $ 10,000 but in this $ 10,000 there may be $ 2,000 of non-Canadian content. In such circumstances, only $ 8,000 should be entered in the "Canadian" Column and $ 2,000 should be entered In the "Non-Canadian" column. The total invoice value paid to Canadian suppliers $ 10,000 In the above example, should appear on line 8.

Line 2.—''Engineering and Development" if not entirely related to this sale, indicate the applicable percentage.

Line 4.—"Duties" should include only duty paid to the Canadian Government.

Line 5.—"Miscellaneous" should include overhead, profit, advertising sales and administrative expenses and corporation income taxes on a prorated basis, and incoming and outgoing inland freight and sales taxes when applicable. Ocean freight if applicable should be shown as a separate Item.

Line 6.—The total in column three should be the same as the tendered price.

Line 7.;—The information in this line should be Included in the tender sent to the prospective buyer.

Line 8.—See note for Line 1.

NOTE.—This form, together with one completed copy of the tender, should be placed in a sealed envelope with related tender information appearing on the front of the envelope. Mail Direct to: —

Canadian International Development Agency, Ottawa, Ontario K1A OG 4.

APPENDIX 'C'

Date

FAIR PRICE DECLARATION

(To be completed by a responsible signing officer of the Company)

Re:

(Insert Applicable Purchase Order Number/Letter of Credit Number)

We hereby certify that—

(A) The prices quoted are not in excess of the prices currently charged bv ourselves to our most favoured customers for similar goods in like quantities under comparable conditions and are considered fair and TGQ. Son sole,

(B) No portion of Federal, Provincial or other taxes nor any duties have been

included in our prices.

(Signature of Officer) (Title)

(Company Name and Address)

APPENDIX 'D'

Proforma Report—One for each Import Licence under Canadian.

Loan, dated Report for the quarter ending

(All figures FAS and in Canadian dollars) 1. Name of Credit and date of Agreement. 2. Amount allocated. 3. No., date and value of import licence

obtained.

4. Total value of orders placed upto end of

the quarter under report.

5. Total value of orders likely to be placed

for the balance amount in each succeed- ing quarter.

6, Amount drawn out of the loan upto end of

the quarter under report.

7. Amount estimated to be drawn in each suc-

ceeding quarter.

Signature . . . . ..

Name & Address of Importer

APPENDIX 'E' Form of Application for Release of Bank Guarantee. (Application to be submitted by Importer's Bank, not by the Importer)

To

The Senior Accounts Officer, Ministry of Finance, Department of Economic Affairs. Jeevan Deep Building, Parliament Street, New Delhi.

Sir,

We are furnishing below detailed information on the rupee deposits made by us In discharge of our obligations under our Bank Guarantee No ••••-•• for an amount of Rs. w l tn request dated that the same may be released and returned to us.

1. The name and full address of the importer/licensee on which behalf the bank guarantee was furnished.

2. The import licence number, date, value and brief description of the commo- dities allowed for import thereunder.

3 Particulars of the Authorisation (s) obtained from the Ministry of Finance, while forwarding orders to CIDA for confirmation:

(a) Letter Number and date. (b) Amount of authorisation, (c) The particulars of the Loan No.

4. Particulars of imports and rupee deposits made (to be given separately for each Authorisation):

(a) Invoice Number and date relative to each payment. (b) Amount of Invoice (not¹) in dollars. (c) Amount of rupee deposit. (d) Relative Challan No. and date and the name of treasury/bank. (e) If by demand draft, Number and date of the demand draft and the date of the Letter with which the draft was sen* to the State Bank of India, Tis Hazari, Delhi.

5. Amount utilised and balance unutilised (in dollars) in each Authorisation.

II. We certify that—

.

utilised.

fi" the commission(s) to the agent in India, where payable has/have been (H) t t l e

p^ "2 accor5ance with the terms, and conditions governing the licence and the authorisation letter(s); and

(iii) our obligations under the bank guarantee may please be released and

[ F A RT I —S E C. 11 T HE G A Z E T TE 01 S s ' DU E X T K/ C • ' R r * I > " A TT

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r rW 1—Six:. 11 THE GAZETTE C'f¹ INDIA EXTRAORDINARY 1191

PWtNTED BY THE MANAGER, GOVERNMENT OF INDIA PRESS, MZNTO ROAD, H IW Dl'Urt AND PUBUSHED BV THE CONT1.OI I Hi OF P l ' tr ir ^ TONS DELHI. 1 9 78