The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 116] NEW DELHI, MONDAY, JUNE 33, 1975/ASADHA 3, 1897
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 23rd June 1975
SUBJECT.—Export from India to Poland under the Trade and Payments Agreement.
No, 51-ITC(PN)/75.—Attention is invited to the Ministry of Commerce, Public Notice No. 14-ITC(PN)/75, dated the 20th February, 1975 regarding imports from Poland under the Trade and Payments Agreement.
"2. It has been decided that all contracts and the commercial and financial documents relating to export of goods and services from India to Poland may be expressed either in U.S. Dollars or in Indian Rupees as decided by the concerned exporters. The payments in either case will, however, be effected in non-convertible Indian rupees. In cases, where the prices are expressed in US Dollars, the US Dollars will be converted into Indian rupees at the dollar/rupee rate prevailing on the date (s) of making payment obtained on the basis of :—
(a) 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 Indian commercial bank maintaining the account of Bank Handlowy Warszawie SA for buying and selling Pound Sterling in terms of Indian rupees.
758 THE GAZETTE OF INDIA EXTRAORDINAHY [PART I—SEC. U