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REGISTERED NO. D. (D)-72

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 40] NEW DELHI, WEDNESDAY, FEBRUARY II, 1976/MAGHA 22, 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 11th February 1976

SUBJECT.—Licensing conditions applicable to import licences issued under French General Credit, 1975-76.

No. 17-ITC(PN)/76.—The terms and conditions governing the issuance of import licences under the French General Credit, 1975-76, as given in Appendix to this Public Notice, are notified for information.

APPENDIX

I. IMPORT LICENCE

1. The import licence will be issued on C1F basis, with initial validity period of four months for contracting and twelve months for completing shipments. However, in the case of capital goods imports, the initial validity of the licence will be twenty four months from the date of issue.

2. The rupee value of the import licence shall bo determined with reference to the exchange rate notified by the Department of Revenue (Customs) and prevailing on the date of issue of the import licence and indicated in the body of the import licence(s) as per para 2 of the Public Notice No. 78-ITC(PN)/74 dated the 6th June, 1974, issued by the Min. of Commerce which also enjoins that the Customs Authorities and the autho- Tfecd dealers in foreign exchange will make debits to the value of the licence(s) at the exchange rate specified on the import licence(s).

( 1 6 5)

3. Each import licence will bear a superscription, "French Credit—Project Portion" or "French Credit Non-Project Portion" as the case may be. The two suffixes in tha licence code classification number will be—for project—"S/FE" and non-project "S/FN".

4. Within a fortnight of the receipt of the import licence, the importer should intimate to thc Department of Economic Affairs (WE-I Section) the fact of receipt of the import licence indicating the number, date and value of the import licence and likely date by which the contract documents would be furnished.

5. The condition regarding contracting will not be deemed to have been complied with unless complete contract documents, as provided in para 25 below, are furnished within the stipulated period of four months.

6. Where this stipulation is not complied with within four months the import licence will be deemed to have become invalid. Thc import licencd may, however, be revalid- ated on an application by thc party, alongwith the licence in original, to thc licensing authority giving reasons for not complying with thc requirement in time.

7. Such request for revalidation would be considered on merit by thc licensing autho- rities who may grant extension upto a further maximum period of 2 months. If, however, extension, is sought beyond 6 months from thc date of issue of the import licence, such proposals will invariably be referred by the licensing authorities to thc Department of Economic Affairs (WE-I Section), Ministry of Finance, North Block, New Delhi.

II. CONTRACTING

8. Against an import licsnee issued under French Credit only one contract on the basis of firm prico has to be entered into with the French supplier.

9. However, more than one contract under one import licence may be entered into subject to the permission specifically obtained from the Department of Economic Affair^ giving reasons for doing so, before placing orders.

10. Once a contract has been notified, in accordance with the procedure laid down in Section V below, no amendments to the contract, by way of additions thereto exceeding 10 per cent of the value of the main contract will be entertained.

If, In any case, the Indian importer apprehends that there will be need to enter into amendments to the main contract resulting in the enhancement of its value by more than 10 per cent, he should immediately inform the CCI&E and WE-I Section of the Depart- ment of Economic Affairs, Ministry of Finance 'of the full facts of the case and seek their guidance.

11. A contract will normally comprise an Agreement signed by both the parties vtzt the .Indian importer and French supplier or it may* comprise the order placed by the Indian importer and the letter of acceptance thereof in unequivocal terms by the French supplier.

12. A contract comprising a series of correspondence between the two parties frequently amending/revising various provisions will not be accepted. In such cases, it shall bo necessary to prepare a final document including therein the terms agreed to by both the parties and signed as such.

III. TERMS OF CONTRACT

13. The contract should bc placed on CIF basis. If insurance is paid to an Indian insurance company in Indian rupees, the contract can be placed on C&F basis, which is in any case compulsory for contracts signed by a Government agency or a public sector undertaking. The contract should clearly indicate FOB price, freight and Insurance charges separately in the case of CTF contracts and the FOB price and freight charges in the case of C&F contracts.

If any importer desires to enter into a contract on FOB basis, he should seek prior permission of the Department of Economic Affairs (WE-I Section), Ministry of Finance, New Delhi -giving reasons for doing so.

14. If any commission is to be paid to the Indian agent of the French suppliers, H will be shown separately from the value of the contract in French Francs. The Indian agent's commission! will be paid in India In rupees but will bd charged to the value o* the import licence.

15. The rupee value of the contract will be determined in accordance with the rate of exchange applicable to the import licence vide para 2 above.

tPAUT j -SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 1*7

16. Value of Limit) of ConlrBctt.—The value of each contract should not fall below tbc amount indicated against each category as under:—

FF

. 5.000,000 (i) Large Industrial Projects and projects for heavy equipment (Project Line).

(ii) Fertilizers (Raw Material Line).

(iii) Capita] Goods (Project Line). (iv) Other goods (Raw Material Line and

500,000 200,000 60,000

small equipment line),

17. Origin of Goods.—The goods should be of French origin. A stipulation as to the origin of goods should be incorporated in the contract. Wherever a part of the goods is permitted to be of non-French origin, a letter evidencing approval of the French authorities to the third country imports should accompany the- contract.

18. Port of Shipment.—Goods, if necessary, can be shipped from non-French Ports,

19. Payment Terms.—The French Credit does not provide for deferred payments. Full payment will therefore be made to the French supplier against shipments/completioa of erection/commissioning of the plant as indicated in the following paragraphs.

20. Advance payments.—An advance payment of at least 5 psr cent of the FOB price of the supplies to be paid at the time of the contract coming into effect, must be provided. Other terms are settled between the buyers and the sellers, in accordance with the normal international commercial practice for the particular type of goods concerned could also be provided.

21. However, where an amount higher than 5 per cent is to be provided for payment .as an advance, prior approval of the Department of Economic Affairs, should be obtained with full justification, before any commitments are made.

22. Other payments : (a) Industrial products.—Apart from the amount of down pay- ment, it is permissible to pay the balance amount at the time of last shipment of ^etjluipment under the contract, or at the time of completion of erection, or on commis- sioning of the plant.

Where the nature of supplies/services covered by the contract requires a performance guarantee, necessitating a provision to the effect that the last instalment of 10 per cent 'Shall not fall due prior to the end of an adequate period after completion of the deli- veries of goods or of the project, the importers could alternatively, agree to the provi- sion for making hundred per cent payment at the time of last shipment subject to the condition that a performance guarantee of an approved bank is furnished by the French supplier to the Indian importer; such a guarantee should be discharged at the end of an adequate period after the delivery of the last shipment as agreed mutually between the llndian importer and French supplier.

However, depending on the typ-; of project, the payment for contracts for industrial projects may also be provided for, as for the commodities, referred to in sub-paragraph

(b) Commodities,—In the contracts for commodities (light equipment, spares, compo- ments, chemicals, fertilizers, other raw materials, etc.) the amount left after down payment will be payable¹ pro-rata according to the value of goods covered by each shipment, on 'the basis of the shipping schedule.

23. Other Conditions.—To make a contract eligible for financing under the French •Credit it should suitably incorporate the following provisions, apart from those indicated =above as also any other condition considered necessary by the contracting parties:

(i) The two contracting parties agree that th* contract is subject to the approval of the Indian and French authorities for financing under the French Credit in terms of the Indo-French .Financial Protocol and the licensing condition* issued thereunder by the Government of India.

I . L i:

(ii) The French supplier agrees that he will be paid in French Francs on presenta- tion of documents to the Banque Francaise du commerce Exterieur, on the basis of a "Letter of Instructions" issued by the Controller of Aid Account* & Audit, Ministry of Finance after approval of the contract by the Indian and French authorities.

(iii) The Indian importer and the French supplier agree to furnish such information! and documents as may be required under the French Credit arrangements- between the Government of India and France.

24. Customary Guarantee.-—The importer may arrange and provide for in the agree- ment customary guarantee(s) which may be necessary for safeguarding his interest,

IV. SUBMISSION OF CONTRACT DOCUMENTS

25. Within 20 days of the conclusion of the contract, the importer should send as letter accompanied by the following documents to the Ministry of Finance, Department of Economic Affairs, (WE-I Section), North Block, New Delhi:—

(i) Ten certified copies of the contract and any further amendment(s) duly executed! in English language with dated signatures thereon by both the Indian-, importer and the French supplier.

(ii) Two photo copies of import licence valid for contracting on the date of exe- cution of the contract/acceptance by French supplier of the order placedT on him by the importer.

(iii) A bank guarantee (as in Annexure 1) obtained from a schedule bank authorised by the Reserve Bank of India to deal in foreign exchange. This bank guarantee is not to be furnished by the Government departments and public.- undertaking.

(iv) Other particulars stipulated in Annexure-Ill in triplicate. The contract will ber processed further only after all these documents have been furnished by the importer.

V. NOTIFICATION OF CONTRACT

26. The contract will be notified by the Department of Economic Affairs, to thet- Counsellor of Economic Affairs, Embassy of France, New Delhi, provided the contract is complete, the documents, including the bank guarantee, etc., are in order, the import- licence is valid for contracting and is considered eligible for financing under the French Credit.

27. The contract will be deemed to have become effective 20 days after its notlflcatioa- as above by the Department of Economic Affairs, provided no objection is raised by the; Embassy of France within that period.

VI. METHODS OF PAYMENTS

28. Payments are made to the supplier from the French treasury loan and the banks^ credit, on presentation of documents listed in Annexure III to the Banque Francaise du- Commerce Exterieur, Paris on the basis of a "letter of instruction" to be issued by the. Controller of Aid Accounts and Audit, Department of Economic Affairs. Ministry of Finance, UCO Bank Building, Parliament Street, New Delhi, on effectuation of thcr; contract.

i

i

29. No remittance from India are permissible under the Import licence issued under the French Credit, except in terms of condition 31 below.

30. Immediately after payments have been effected in accordance witfc the letter of instruction referred to above, the original set of documents (negotiable-), alongwith details of bank charges 0/8th of one per cent documentation charge, plus tax @ 17.60 per cent thereon) and expenses on postage etc. will be sent by the Banque Francaise dir. Commerce Exterieur, Parts, tp:— .

(i) the importer's bank in India, which has provided the bank guarantee In the:

case of importers in the private sector; or

IFART I —S E C. 1] T HE G A Z E T TE OF I N D IA E X T R A O R D I N A RY l

(ii) to the nominated branch of the State Bank of India, or of any one of the fourteen nationalised batiks, in the case of public sector undertakings. State Governments including State Electricity Boards; or

(iii) to the importer direct, in the case of departments of Central Government.

"31. Within a week of receiving the intimation about bank charges, from the Banquet Francaise du Commerce Exterieur, Paris the Indian bank will remit the amount of bank- ing charges and postage including cable charges directly to the French bank concerned without affecting Government of India's account.

32. For this purpose, necessary rupees will be collected by the Indian bank from the Indian importer, in addition to the amount required under their guarantee.

33. In respect of imports by Central Government Departments the remittances of banking charges and postage including cable charges will be arranged by the Controller of Aid Accounts and Audit, by debit to t he authority concerned. F or this purpose those -authorities should intimate the details of the charges to be paid, promptly to the Con- Iroller of Aid Accounts and Audit.

V n. E F F E C T I NG R U P EE DEPOSITS

34. (i) Private Sector Importers, public sector undertakings and State Government Departments Including State Electricity Boards.—Within ten days, at the maximum, of the receipt of the documents mentioned in condition 30 supra, the bank which hag issued the guarantee, or the nominated branch of the State Bank of India, will arrange the deposit equivalent of the payment made to the foreign suppliers as indicated in the invoice together •with commission and incidental charges @ 1 per cent ad valorem, on the payments made to the suppliers. In addition, interest at 6 per cent per annum, for the actual period ^between the date of payment to the foreign suppliers and the date of deposit of rupee equivalent, or any other amounts, as may be required by the Government of India shall also be paid into the government account.

The rupee equivalent will be calculated at the composite rate arrived at on the basis •of the formula given in Public Notice No. 1 5 - I T C ( P N ) / 72 dated 28th lanuary, 1972, as amended by the Public Notice No. 1 0 8 - I T C ( P N ) / 72 dated 21st July, 1972, or as may tie notified by Government from time to time through Public Notices of the Ministry of Commerce.

(ii) Central Government Departments.—Tn respect of imports made by the depart- ments of Central Government the documents will be sent direct to the importers, who will •ensure that their respective Accounts Officers promptly accept (he debits, as and when raised by the Accountant General, Central Revenues, New Delhi, on the basis of the advices issued by the Controller of Aid Accounts and Audit. The procedure of making deposits as indicated in para 34(i) above will not apply in their case.

35. It will be the responsibility of the concerned bank in India which has given the guarantee or the State Bank of India or one of the fourteen nationalised banks, as the case may be, to ensure that the amounts due are correctly deposited into Government account before the original shipping documents are handed over to the importer.

36, Deposits may be made either at the Reserve Bank of India, New Delhi, or the State Bank of India, Tis Hazari Branch, Del'hi-6 or remitted by means of a demand draft from the local branch of the State Bank of India, or its subsidiaries, drawn on and made payable to the State Bank of India, Tis Hazari Branch, Delhi-6 (drawee and payee) for credit to Central Government account in terms of Ministry of Commerce Public Notice N o. 1 8 4 J T C ( P N ) / 68 dated 30th August, 1968, and Public Notice No. 2 3 3 - I T C ( P N ) / 6 8, dated the 14th October, 1968. The challan should inter-alia, indicate letters of instruc- tions No. and date, the amount of foreign exchange the composite rate applied, the date on which the supplier was paid and the date of rupee deposit and all other essential particulars prescribed in Public Notice No, 1 3 2 - I T C ( P N ) / 71 dated 5th October, 1971. T he principal a m o u nt the incidental charge @ 1 per cent ad valorem and the interest pay- ment at 6 per cent should be shown separately alongwith the period for which interest has been calculated. The demand draft should be sent direct to the State Bank of India, T is Hazari Branch, Delhi-6 with treasury challan, (duly filled in and signed by remitter) in quadruplicate The Head of Account to be credited is "K-Deposlts and Advances (b) deposits not bearing interest-843-Civil Deposits for purchases from abroad under 225 m. FF French Genera) Credit 1975-76."

"

37. One copy of the treasury challan and form evidencing the rupee deposit duly receipted by the Reserve Bank of India, or the State Bank, of India, Tis Hazari Branch, Delhi-6, or intimation regarding the furnishing of demand draft to State Bank of India, Tis Hazari Branch, Delhi-6 should be sent by registered post by the bank concerned to the Controller of Aid Accounts and Audit indicating reference to the letter of instructions issued by him and also enclosing copies of invoice and shipping documents.

38. It will be obligatory for the importer to make the requisite rupee deposits through authorised dealers only. The Tndian bank will also endorse the amount of rupee deposits on the exchange control copy of the Import licencc and send the requisite 'S' form to the Reserve Bank of India, Bombay.

39. Review of Rupee deposits made by the Importer for the release of Bank guarantee- where submitted In support of Letter of Instructions.—As soon as the shipments are com' pleted, but not later than one month after the last shipment is cleared, a statement in the form given in Annexure-IV will be rendered by the importer's bank to the Controller of Aid Accounts and Audit, Ministry of Finance, Department of Economic Affairs, UCO* Bank Building, Parliament Street, New Delhi under a registered cover, under advice to the importer. It will be obligatory on the part of the importer to ensure that Annexure- IV is correctly prepared by the Bank concerned 'and is rendered to t'ne Controller of Aid- Accounts and Audit within one month of the completion of shipments authorised in the- relevant Letter of Instructions.

VIII. MISCELLANOUS

40. The Government of India will not undertake any responsibility for disputes, if any,, which may arise, between the Indian importer and the French Suppliers.

41. The Indian importer shall promptly comply with any directions, instructions or orders issued by Government from time to time regarding any and all matters arising •from Or pertaining to the import licence and for meeting all obligations under the credit agreement with the French Govemnvnt and French banks.

42. Any breach or violation of any of the condition prescribed herein will result in appropriate action under the Import and Exports (Control) Act, 1947 and orders issued thereunder.

!

ANNEXURE I

[Para 25 (in)]

BANK GUARANTEE BOND

To

The President of India, '

In consideration of the President of India (hereinafter called the Government) haver agreed to arrange for payment in FF for the import of

by

(hereinafter called the importers) under the terms and

conditions of the French Credit and in pursuance of Import Licence No.'

issued on in favour of the importer against the above mentioned credit, we Bank at the request of the Importer hereby undertake to arrange to deposit within ten days of the receipt of the advice of payment Indian rupees equivalent to FF converted at the composite rate of exchange of FF 1 arrived at on the basis of the formula given in Public Notice issued by the Ministry of Foreign Trade, New Delhi No. 15-ITC(PN)/72 dated 28th January, 1972, as amended by Public Notice No, 108-ITC (PN)/72 dated 21st July, 1972, or as notified from time to time in public notices of the Government of India or A.D. Circulars of the Reserve Bank of India alongwith com- mission and other charge at 1 per cent ad valorem converted at the above rate for credit to the Government account in the manner and against the appropriate Heads of Account as indicated by the Government of India under the said credit, together with interest thereon at the rate of 6 per cent per annum, from the date of payment to the French Sup-

plicr to the date of deposit of rupee equivalent for credit to t'ne Government account. Wo •hall arrange the deposit to the credit of the Government in the Reserve Bank of India, New Delhi/State Bank of India, Tis Hazari Branch, Delhi-6, or where this may not be feasible by means of a Demand Draft drawn on and made payable ,to the State Bank of India, Tis Hazari Branch, Delhi-6 (for credit to Central Government Account). The demand draft shall be sent direct to the Stafe Bank of India, Tis Hazari Branch, Delhi-6, along- with Treasury Challan (duly filled in and signed by remitter), in quadruplicate.

2. We the— Bank, also undertake that the nego- tiable set of import documents will be released to the importer only after the ruptt deposits contemplated above have been made.

3. We the

Bank, also undertake to indem- nify and keep indemnified the Government against any default in payment by the impor- ter of any sum that may be due and payable from time to time by the importer to the Government at such place and in such manner as the Government may direct, such sums not exceeding Rs, or any part thereof, for the time being due and payable by the importer together with interest thereon at the rate of six per cent per annum from the date of payment to the French supplier and commission and other charges @ 1 per cent ad valorem. The decision of the Government as to any default in the said payment by the importer, or on his part and in regard to the amount payable to the Government by us— Bank, shall be final and binding on us —Bank.

**4. We

Bank also undertake to remit the banking and postal including cable charges payable to the French bank concerned and recover the same from the importer without affecting the Government of India account.

5. We

Bunk, further agree that in case of in- crease in the value of imports or increase in the value of unfulfilled deliveries under the contract as a result of change in composite rate of exchange or otherwise, the amount of this guarantee bond will be adjusted as on the date when the change takes place, in pro- portion to this change.

6. We——— — —— —Bank, further agree that the guarantee herrin contained shall remain in full force and effect during the period that would be taken for the performance of the said agreement/contract regarding delivery of the equipment and that it shall continue to be enforceable till all the dues to the Government under, or by virtue of this guarantee have been fully paid and its claims satisfied or discharged.

7. The Guarantee herein contained shall not be affected by any change in the con- stitution of the importer or the^ Bank and the Government shall have the fullest liberty without the guarantee to postpone for any time and from time to time any of the powers exerciseable by it against the importer and either to enforce payment by the importer of any of the amount the payment whereof is in- Bank, shall tended to be hereby secured and the not be released from its liability under this guarantee for any exercise of the Government of the liberty with reference to the matter aforesaid or by reason of time being given, to the importer or any other forbearance, act or omission on the part of the Government of any indulgence by the Government to the importer or by any other matter or thing what- ever which under the law relating to sureties shall, but for this provision, have the effect of so releasing the

Bank from its such liability.

8. We

Bank, lastly undertake not to revoke this guarantee during its currency, except with previous consent of the Government in writing.

9. Our liability under this guarantee is normally restricted to Rs, —(S> (plus interest charges not expected to exceed one per cent of the guaranteed amount) and this guarantee shall remain in force till the day* of

(Month) 19 .

10, We ——, however, undertake to make such additional deposits as may be necessary in terms of Public Notice No, 15-TTC(PN)/72, dated 28th January, 1972, as notified from time to time. Unless claims under this gua- rantee are made in writing within six months of this date and unless a suit or action

to enforce these claims is commenced within another six months thereafter, i.e. unto , all rights of the Government of India under this guarantee shall bo forfeited and we shall be relieved and discharged, from all liability thereunder.

Dated for day of — •

for

Accepted for and on behalf of the President of India by Shri (Name and designation) Signature

@This amount should be worked out by adding 1 per cent to the value of the con- tract at the customs exchange rate prevailing on the date of issue of import licence. •This date shall be arrived at by adding one month to the date by which all pay- ments to the Suppliers arc expected to be finalised.

Note:—The value of the stamped papers on which guarantee is to be executed is ta be adjudicated by the Collector of Stamps,

ANNEXURE II

(In duplicate)

[Para 25 (iv)]

To

The Secretary, Ministry of Finance, Department of Economic Affairs, (WE-I Section), North Block. New Delhi.

Subject:—Import under the Special French Credit 1975-76.

Sir,

In connection with the import of

from France

(short description of the goods or services) under the above credit, we furnish the following particulars;—

(a) Name and Address of the importer—

(b) Import Licence:

(i) Number

(ii) Date (iii) Amount

(c) Name and Address of the French Suppliers; (d) Date of the contract;

OR

Date of supplier's final letter of acceptance of the order

(e) Percentage of goods of non-French

origin, if any (now-manufactured in France).

(f) Value of the contract in French Francs

FOB Price Less Indian agent's commission if any _ _—

Net FOB Price

plus Freight

•

C&F Price

plus Insurance if paid in French Francs ~r" Total CIF price to be financed under the Credit.

(g) (i) Dates of shipment or on which

services will be performed

(II) Value of each shipment or services performed, as stipulated in the contracts

(h) The date on which payments under

the contract will fall

(i) in respect of advance payment

(at least 5 per cent of FOB value)

(ii) Other payments.

2. Ten certified copies of the contract (or each of the order 'and the letter of acceptance) • and of the amendment (if any), and two photostat copies of the import licence are enclosed.

3. A bank guarantee established

:

• ••'- — —— —-— —-—

authorised to deal in foreign exchange)

(Name & address of the Indian bank, applicable to importers in private sector

• and which has been duly adjudicated by the Collector of Stamps, in accordance with Section 31 of the Stamp Act, 1899, Is also attached.

OR

*3. the import documents may be sent to the 1 Applicable to

the public (complete name and postal address of the branch of State Bank of Indi sector or of any of the fourteen nationalised banks) Undertaking Y State Govts.

including State

I Electricity J Boards.

•who will release the documents to us only after making the deposit of the rupee equivalents into Government account calculated at the com- posite rate of exchange arrived at on the basis of the formula given in Public Notice No. 15-lTC(PN)/72 dated 28th January, 1972 as amend-

ed by PN No. 108/72 dated 21-7-72 or as notified from timc to time by

•public notices of the Government of India or by A.D. Circulars of the Reserve Bank of India with interest at 6 per cent per annum from the ' date of payment to the French Suppliers to the date of deposit of rupee equivalent and commission and incidental charges at 1 per cent ad valorem and after permitting banking charges (l/8th of one per cent documentation charges plus tax @ 17.60 per cent thereon) and expenses for actual postage charges as required under the licensing conditions.

OR

*3. Debits relating to the transactions and adjustable in the books ") Applicable

.... .. . _ __ _ „ J only to

'"(designation and complete postal address of the Accounts Officer) r Department

] of Central j Government. Bnd we shall ensure that they are 'adjusted as soon as they are raised in *.*.-.^1 - :'• terms of the licensing conditions.

(*) Delete whichever is not applicable.

4. Yon are requested to get the contract approved for financing under the French Credit and issue necessary authorisation to the French authorities to arrange for payments to the suppliers or their bankers.

Yours faithfully,

LICENSEE

ANNEXURE HI

Illustrative List of Documents

(Para 28)

1. Commercial invoice for tYie value of equipment shipped and for details of any down payments, as the case may be.

2. Complete set of clean-on-board ocean or charter party bills of fading or air way bills, as the case may be, with packing lists where applicable; certificate, if any prescribed in the contract.

3. Written attestation from the suppliers alongwith necessary customs documents, certi- fying that the French suppliers have complied with the percentage of Non-French expense* authorised by the French Government.

4. Any other documents.

( !

t

ANNEXURE IV (Tara 30s!

* " T

Form to be submitted by Importer's Bank immediately after the completion of shipments financed under French Credit for FF

I

—

d ated

r- fo r

.

, . ,

S E C

.

¹ (i) Name of Importer (ii) Import Licence No. (in) B. G. No. Date Amount

(To be completed

]

by private sector importer)

(iv) Ministry of Finance Letter of Instruction No. ! dated (v) Amount of Letter of Instruction in FF

T H E

S. Nos.

Amount of Interest

Incidental charges

Total deposit actually made

Rupee equivalent of amount in Col. 2

Amount paid by French Banks to French Suppliers F-F.

Date of payment by the French Bank to Supplier

G A Z E T T E

• *• Amount authorised but not utilised and lapsed

No. of days inter- vening between the date of payment to supplier to the date of rupee de- posits (both days inclusive)

O F

I

N D

I

IO i

2

A

6

9

7

3

4

5

E X T R A O R D

I

N A R Y

[PART 1—SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 177

i [PART I—SEC. 1 ] THB GAZETTE 0F<, INDLV EXTRAORDINARY 185

[PART I—SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 187

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™ DELHI AND PUBLISHED BY THE CONTROLLER OP PUBLICATIONS, DELHI, 1 9 76