The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 143] NEW DELHI, MONDAY, JULY 21, 1975/ASADHA 30, 1897
Separata 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 21st July 1975
SUBJECT.—Import Trade Control Hand Book of Rula and Procedure, 1975-76.
No. 71.ITC(PN)/75.—Attention is invited to sub-paragraph 145(5)(b) in Chapter VI of the Import Trade Control Hand Book of Rules and Procedure 1975-76 published under the Ministry of Commerce Public Notice No. 22-ITC(PN)/75 dated the 7th April, 1975 on the above subject.
2. It has been decided that, in the event of non-fulfilment of export obligations by those who give legal agreement in lieu of bank guarantee, the parties concerned shall bo required to hand over to the State Trading Corporation or such other agency as the Government (including the CCI&E, New Delhi) may nominate, the shortfall between the stipulated annual export obligation and actual exports (in addition to liquidated damages). instead of twice the shortfall as stipulated in aforesaid sub-para 145(5)(b), of the Hand Book. Sub-para 145(5)(b) of the Import Trade Control Hand Book of Rules & Procedure 1975-76 may be deemed to have been amended accordingly.
3 The forms of legal agreements as given in Appendix 35 of the aforesaid Hand Book may also be deemed to have been amended accordingly.
4 The forms of legal agreements referred to in para 3 above, as amended, will be applicable in cases where Capital Goods import licences, Industrial Licences, approvals to foreign collaboration or advance import licences/Release Orders under the import policy for Registered Exporters, are issued subject to export conditions.
B. D KUMAR.
Chief Controller of Imports & Exports
946 THE GAZETTE OF INDIA EXTRAORDINARY [PART I—SEC 1 ]