REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

231] NEW DELHI, MONDAY, OCTOBER 1, 1973/ASVINA 9, 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 1st October 1973

SUBJECT—Trade with Bangladesh during the period from 28th. September, 1973 to

21th September, 1974.

No. 162-ITC(PN)/73.~Attention is invited to the Ministry of Commerce Pub-

lic Notice No, 116-ITC(PN)/73, dated the

16th July, 1973. pertaining

to trade

with Bangladesh during the period from 28-9-1973 to 27-9-1974.

2. In terms of the aforesaid

Public Notice, there is a provision, inter-olla

for import of books, newspapers and periodicals from Bangladesh into India

through eligible importers for a total value of rs. 22 lakhs under the Balanced

Trade and Payments Arrangement, There is also a provision for exports of

books, newspapers, periodicals and musical Instruments from India to Bangladesh

through eligible exporters for a total value of Rs. 22 lakhs under the Balanced

Trade and Payments Arrangement.

3. It has been decided in consultation with the Government of Bangladesh

that a simplified proceedure may be followed for import of newspapers and perio-

dicals from Bangladesh and for export of newsparpers and periodicals to Bangla-

desh under the aforesaid Balanced Trade and Payments Arrangements,

The

simplified procedure will be as follows;—

(a) The requirement regarding registration of contracts as provided In

paragraphs 5 and 12 of the aforesaid Public Notice dated the 16th

July 1973 will be waived:

(1353)

!354

T H E GAZETTE Or INDIA EXTRAORDINARY

[PART I—SEC. 1]

(b) The requirement of Letters of Credit as provided in paragraphs 11 and

14 of the aforesaid Public Notice dated 16th July 1973 will be waived;

from the Joint Chief Controller of Imports and Exports, Calcutta,

for exports of newspapers and periodicals to Bangladesh under the

Balanced Trade and Payments Arrangement.

Similarly, the eligible

importers in India will be required to obtain import licences from

the said licensing authority for Import of newspapers and periodi-

cals from Bangladesh under the Balanced Trade and Payments Ar-

rangement. The Custom authorities will debit these export/import

licences while allowing export or import as the case may be;

(d) Sale proceeds in respect of newspapers and periodicals exported from

India to Bangladesh will be deposited by representatives or agents

of Indian exporters in Bangladesh with the Uttara Bank of Bangla-

desh. The sale proceeds in respect of imports of newspapers and

periodicals into India from Bangladesh will be deposited by the

representatives or agents of Bangladesh exporters in India with the

State Bank of India, Calcutta.

These banks will, after allowing

deduction of permissible expenses incurred on establishments and

distribution of newspapers and periodicals, advise each other to make

payments to the respective parties.

4. The quantum of permissible expenses and registration of agencies which

will incur such expenses will be subject t0 the regulations which may be issued

from time to time by the Reserve Bank of India, Bombay in the case of exports

from India and the Bank of Bangladesh, Daces' in the case of exports from

Bangladesh.

ITC%^^e/73^r°ditl^OH •fcfS'&T¹?- ^ e Ministry of Commerce Public Notice 116-

accordingly

™^{av b e}^{d e e m e d} ^

h*ve been amended

S. G. BOSE MTJLLICK,

Chief Controller of Imports and Exports