REGISTERED No. D. 221
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 224] NEW DELHI, TUESDAY, SEPTEMBER 26, 1973/ASVlNA 3, 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 25th September 1973
SUBJECT :—Trade with Bangladesh. No. 158-ITC(PN)/73.—Attention is invited to:—
(i) Ministry of Commerce Public Notice No. 108-ITC(PN)/73 dt. the 26th June 1973, pertainig to trade with Bangladesh under the Limited Payments Arrangements in force upto 27th September, 1973; and
(ii) Ministry of Commerce Public Notice No. 116-ITC(PN)/73 dt. the 16th July 1973, pertaining to trade with Bangladesh under the Balanced Trade and Payments Arrangements during the period from 28th Sep- tember, 1973 to 27th September, 1974.
2. The Limited Payments Arrangement as referred to in (i) above will lapse on the 27th September, 1973. Prom 28th September 1973, the Bangladesh Trade and Payments Arrangement referred to in (ii) above will come into force.
3. If in respect of any contracts for imports into India from Bangladesh or for exports from India to Bangladesh, which are already registered under the Limited Payments Arrangement in accordance with the prescribed procedure, the ship- ment or despatch of goods, whether for the full value of the contract or a part thereof, has not been made on or before 27th September, 1973 and the parties to the contract i.e., the buyer and the seller mutually agree to the goods being supplied after the 27th September, 1973 to cover the unutilised value of the contract in full or in part, requests in such cases for extending the time beyond 27th September 1973, for import or export of goods, as the case may be, will be considered in accordance with the provisions made in this Public Notice.
4 Export from India.—In the case of exports from India to Bangladesh the eligible exporters in India should approach the State Bank of India, Mam branch,
(1307)
1308 THE GAZETTE OF INDIA EXTRAORDINARY [PAKT I—SEC. 1]3 Strand Road Calcutta, with documentary evidence to show that the eligible exporter in India and the eligible importer in Bangladesh have mutually agreed to the goods being supplied after 27th September, 1973. Such evidence may be in the form of a Letter of Credti duly extended or any other satisfactory evidence such as exchange of letters or cables acceptable to the Bank. The exporter should also indicate the description of goods and their value for which the contract was originally registered and the unutilised value of the contract for which the goods, in question, have to be exported after 27th September, 1973. The State Bank of India, Calcutta, will send necessary intimation about this to the Joint Chief Controller of Imports and Exports, Calcutta and the Uttara Bank, Dacca After-State Bank of India, Calcutta, has accepted the evidence, the eligible ex- poMer should apply to the Joint Chief Controller of Imports and Exports Calcutta, for permission to export the goods after 27th September, 1973, indicating the description of goods and the value. These formalities should be completed by the eligible exporter on) or before 28th October, 1973. On receipt of the neces- sary confirmation from the State Bank of India, Calcutta, the Joint Chief Contro- ller of Imports and Exports, Calcutta will allow exports to be made within' a period of 30 days from the date permission is granted. The permission will be granted by the Joint Chief Controller of Imports and Exports, Calcutta, by issuing an export licence/suitably endorsing the licence already issued or by passing the shipping bill/suitably endorsing the shipping bill already passed. Export shall be only against irrevocable Letter of Credit.
5. Imports Into India.—In the case of imports into India from Bangladesh, the eligible exporter in Bangladesh will like-wise approach the Uttara Bank, Dacca with necessary evidence of the type indicated in paragraph 4 above. The Uttara Bank, Dacca will send the necessary intimation about this to the State Bank of India, Main branch, 3 Strand Road, Calcutta. The State Bank of India, Calcutta, will send the necessary intimation to the Joint Chief Controller of Imports and Exports, Calcutta. The eligible importer in India should apply to the Joint Chief Controller of Imports and Exports, Calcutta, for permission to import the goods after 27th September, 1973, indicating the description of goods and the value thereof. Such application should be made by eligible importer to the Joint Chief Controller of Imports and Exports, Calcutta, on or before the 28th October 1973. On receipt of necessary confirmation from State Bank of India Calcutta the Joint Chief Controller of Imports and Exports Calcutta will allow import to be made by shipment or despatch of goods from Bangladesh within a period of 30 days from the date permission is granted. The permission will be granted by the Joint Chief Controller of Imports and Exports, Calcutta, by issuing a fresh import licence or by suitably endorsing the licence already issued. Import shall be only against irrevocable Letter of Credit.
6 The value of exports and imports made under the provisions of paragraphs 4 and 5 above will be accounted for under the Balanced Trade and Payments arrangements as in force from 28th September 1973, A specific endorsement to this effect will be made on the licence/shipping bill by the Joint Chief Controller of Imports and Exports, Calcutta, while allowing exports or imports of goods under paragraphs 4 and 5 above.
S. G. BQSE MULLISK, Chief Controller of Imports & Exports.
LP/.RT I—SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 1309 I 3io THE GAZETTE OF INDIA EXTRAORDINARY [PAHT I—SEC. 1]