The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 36] NEW DELHI, THURSDAY. FEBRUARY 10, 1975/PHALGUNA 1, 1896
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 20th February 1975
SUBJECT.—Import of goods from Polish People's Republic—payment against.
No. 14-ITC(PN)/75.—The Trade and Payments Agreement concluded by the Govern- ment of India with the Polish People's Republic for the years 1975 to 1977 provides that export of goods and services from Poland to India shall be expressed in U.S. dollars, but payments will be effected in non-convertible Indian rupees. It is accordingly notified for the information of the importers that all contracts concluded under this Agreement and commercial and financial documents relating thereto for the imports of goods and services from the Polish People's Republic shall be expressed in U.S. dollars. For crediting the account of the Bank Handlowy, Warsaw, US dollar will be converted into rupees at the dollar/rupee rate obtained on the basis of;—
fa) The previous working day's closing middle rate for the dollar in terms of pound sterling in the London Market; and
(b) the middle rate of the commercial bank maintaining the account of Bank Handlowy, Warsaw, for buying and selling pound sterling in terms of Indian rupees.
146 THB GAZBTTB OP INDIA EXTRAORDINARY [PAUT l-SBB^l]