REGISTERED No. D-(D)-72
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 18] NEW DEL I , SATURDAY, JANUARY 25, 1975/MAGHA 5, 1896 ]
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 CONIROL
New Delhi, the 25th January 1975
SUBJECT:—Export against Commodity Grant of Rs. 20 million extended by the Govern- ment of India to the Govt. of Bangladesh.
No. 3-ElC(PN)/75.—-It has been mutually agreed by the Governments of India and Bangladesh that the export under the above mentioned Commodity Grant will be allowed from India to Bangladesh in respect of commodities indicated below within the financial ceilings mentioned against each of them:—
(Rupees in Lakhs)
1. Wheel Seeds 21.50
2. Salt 60.00
3. Paddy Seeds 48.00
4. Other Seeds 6.00
5. Stones and Boulders 25.00
6. Wood and Timber 30.00
7. Other items to be specified 9.50
200.00
Total
( 4 9)
50 THE GAZETTE OF INDIA EXTRAORDINARY LPAKT I ^ S E C.2. Exports under this arrangement will be allowed through eligible exporters Iho eligiDle exporter ior this purpose will, be any person atunoriseu unuer tuc law' to uo business in India and who may be willing to undertake exports lrom inaia lo tfangladean in terms ol the conditions prescribed in this IJUDHC JNouce, and wnosc application con- lonns to I'QC provisions or me Public Notice, bxport licences/endorsements on Shipping Bills will be granted lo eligible exporters by the JI, Chiet Controller of Imports and exports, Calcutta. Applications tor giant 01 export licences or lor endorsements on the shipping bills for ,exports will be required to be made to the Joint Cruel Controller of Imports & Exports, Calcutta even in respect of commodities ot which the export Irom India is not controlled under the Exports (.Control) |Order. The licensing authority lor this purpose will be the Joint Chief Controller of Imports
3. Before applying for an export i licence/endorsement of Shipping Bill, the intending exporter will be required to negotiate with the eligible impoiter in Bangladesh holding an import licence or an authorisation to import goods into that country under the Grant mentioned above. All exports under this provision shall be against contracts supported by irrevocable Letters of Credit. All contracts will be subject to the approval of the Government of India, and the Government of line People's Republic ol Bangladesh and ihall contain a clause to that effect. All contracts shall be sent to the Economic Division of the Ministry of External Affairs, Govcinment of India, for approval. After each con- tract has been approved, intimation thereof will be sent to the Government of the People's Republic of Bangladesh and to the State Bank of India, Chowringhee Branc'n, Calcutta, by the Ministry of External Allans, Government of India.
4. The contracts to be financed under this Commodity Grant should be signed and the irrevocable Letters of Credit established on or before the 30th June 1975. The Letter of Credit will cover C & F Value of the goods upto lndo-Bangladcsh Border when trans- ported to Bangladesh by rail or upto the port of disembarkation when transported by sea in vessels of India Flag. If the goods are transported in non-Indian owned vessels, the Letter of Credit will cover jthe lo.b. value of such goods. As regards export of 13000 MT of Salt which has already been allowed through S.T.C. against this Commodity Grant, ttie condition of production of Letter of Credit is hereby waived.
5. Export licences issued and the Shipping Bills endorsed in pursuance of this Public Notice will be stamped as under:—,
"Exports against Commodity Grant of Rs. 20 million extended to Bangladesh by the Government of India",
6. The following conditions shall be imposed on the export licences/endorsements of Shipping Bills;—
(i) the payment in respect of exports shall be made through the Commodity Grant of Rs. 20 million extended to Bangladesh.
(ii) t'ne goods exported under this licence/shipping bill shall not be re-imported into India.
7. Payments in respect of these exports will be made to the exporter, or their bankers in India by the State Bank of India, Chowringhee Branch, Calcutta on presentation of necessary documents in accordance with the prescribed procedures,
8. Exports made to Bangladesh under the provisions of this Public Notice will not qualify for the benefits available to exporters under the import policy for registered •xporters.
B, D. KUMAR,
Chief Controller of Imports i and Exporti.
[Pa&i I—SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 51 52 THE GAZETTE OF INDIA EXTRAORDINARY [PART I — S^ 1]PRINTED BY THE MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, N EW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 1 9 75