The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No 243] NEW DELHI, THURSDAY, OCTOBER 18, 1973/ASVINA 26, 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 18th October 1973
SUBJECT.—Supply of imported steel for export production.
No. 172-ITC(PN)/7.3.—Attention of all registered exporters is invited to the Ministry of Commerce, Public Notice No. 141-ITC(PN)/73 dated the30th August, 1973 on the subject mentioned above.
2. The question of supply of steel in respect of contracts concluded before 5th June, 1973 but not supported by letter of credit, has been further considered and It has been decided to supply steel in such cases at the JPC price plus 2 per cent provided that the exporter furnishes a bank guarantee to the extent of 100 per cent of difference between the "actual price" and the price chargeable under the EEPC Scheme plus an interest charge of approximately 12 per cent (as may be decided by the Hindustan Steel Limited). If the party is unable to renegotiate the contract and satisfactorily fulfil the conditions of Public Notices No. 80-ITCCPN)/ 73 dated 5th June, 1973 and No. 105-ITC(PN)/73 dated 23rd June, 1973 within a period of 45 days from the date of delivery of the material to the party by the Hindustan Steel Ltd., the bank guarantee will be invoked for the full value and the supplies of the steel material shall be adjusted against pending release orders under the A.U. Scheme/SPC allocations.
1394 T HE GAZETTE OF INDIA EXTRAORDINARY [PART I—SEC^I]