Subject NOT available

click here for IIIF manifest

REGISTERED No. D.(D)-72

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 194] NEW DELHI, WEDNESDAY, OCTOBER 13, 1976/ASVINA 21, 1898

Separate paging is given to this Part in order that it may be filed as a separate compilation

MINISTRY OF COMMEECE

PUBLIC NOTICE

IMPORT TRADE CONTROL

NEW Delhi, the 13th October, 1976

SUBJECT;--Licensing conditions applicable to import licences issued under 1976-77 General French Credit.

No. 104-ITC(PN)/76.—The terms and conditions govering the issuance of import licences under 1970 77 General French Credit as given in Appendix to this Public Notice arc notified for information.

APPENDIX

I. IMPORT LICENCE

1. The import licence will be issued on CIF 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 for completing shipments will be twenty four months from the date of issue.

(1490

2. The rupee value of the import licence shall be determined with reference to the exchange rate notified by the Department of Revenue (Customs; and pre- vailing 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 CCI&E, which also enjoins that the Customs Authorities and the authorised dealers in foreign exchange will make debits to the value of the licence(s) at the exchange rate specified on the import licenceCa).

3. Each import licence will bear a superscription, "French Credit—Project Portion" or "French Credit—Non-Project Poition"' a3 the case may be. The two suffixes in the licence code classification number will be—for project—"S/FE" and for non-project—"S/FN".

4. Within a fortnight of the receipt of the import licence, the Importer should intimate to the Department of Economic Affairs (WE-I Section) the fact of receipt of the import licence indicating the number, date and value of the import licenca 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. The import licence may, however, be revalidated on an application by thie party, alongwith the licence In original to the licensing authority giving reasons for not complying with the requirement In time.

7. Such request for invalidation would be considered on merit by the licensing authorities who may grant extension upto a further maximum period of 4 months. If, however, extension, is sought beyond 8 months from the date of issue of tftile import licence, such proposals will invariably be referred by the licensing authori- ties to the Department of Economic Affairs (WE-I Section), Ministry of Finance, North Block, New Delhi.

II, CONTRACTING

8. Against an import licence Issued under the French Credit only one contract on the basis of firm price 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 Eco- nomic Affairs, 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 rent of the value of the main contract will be enter- tained.

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 snould immediately inform the CCI&E and WE-I Section of the Department 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 viz., 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 be necessary to prepare' a final document including therein the terma agreed to by both the parties and signed as such, Orders on Indian Agents of overseas suppliers and/or order confirmation by such Indian Agents are not acceptable.

1493

III. TERMS OF CONTRACT

13. The contract should be placed on C.I.F. 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 C.I.F. contracts and the FOB price and freight charges in the calse of C&F contracts.

If any importer desires to enter into a contract on F.O.B. 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, it 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 be charged. io the value of the import licence.

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

16. Value Limits of Contracts.—The value of each contract should not fall below the amount indicated against each category as under:—

(i) Large Industrial Projects and projects for heavy F.F.

equipment (Project Line).

5,000,000

500,000 300,000

ment line).

60,000

17. Origin of Goods.—The goods bhould be of French origin. A stipulation as to the origin of goods should be incorporated in the contract. Wherever a part ol 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. Fort of Shipment.—Goods, if necessary, can be shipped from non-French

pwis.

19. Payment Terms.—The French Credit does not provide for deferred pay- ments. Full payment will therefore be made to the French supplier against ship- ments/completion of erec'tilon/commissioning of the plant as indicated in the following paragraphs,

20. Advance payments..—An advance payment of at least a 5 per cent of the FOR price of the supplies to be paid at the time of the contrcat corning into effect, must be provided. Other terms settled between the buyers and the sellers, In accordance with the normal international commercial practice for the particular type of gooda 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 wilh full justification, before any commitments are made,

22. Other Payments.—(a) Industrial Projects: apart from the amount of down payment, it is permissible to pay the balance amount at the time of last shipment of equipment under the contract, or at the time of completion of erection, or on commissioning of the planti

Where the nature of supplies/service^ covered by the contract requires a performance guarantee, necessitating a provision to the effect that the last instal- ment of 10 per cent shall not fall due prior to the end of an adequate period after completion of the deliveries of goods or of the project, the importers could -alternatively, agree to the provision 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 Indian Importer and French supplier.

However, depending on the type of project, the payment for contract for in- dustrial projects may also be provided for, as for the commodities, referred to In Bub-paragraph (b) below.

(b) Commodities.—In the contracts (or commodities (light equipment, spares, components chemicals, fertilizers, other raw materials etc.) the amount left after down payment will be payable 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 CredJt it should suitably incorporate the following provisions, apart from thdse indicated above as also any other condition considered necessary by the contracting parties:

(I) The two contracting parties spree that the contract is subject to the approval of the Indian and French authorities for financing under the French Credit in terms of the Tndo-Frenrh Financial Protocol and trie licensing conditions issued Ihereunder by the Government of India.

(II) The French supplier agrees that hie will be paid in French Francs on presentation of documents to the Bonque Nationale do Paris, on the basis of a "Letter of instructions" issued by the Controller of Aid Accounts & Audit, Ministrv 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 agreement 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 a 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 of any further amendment (s) duly executed in English language with dated signatures thereon by botji the Indian mportcr and the French supplier.

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

(iii) A bank guarantee (as in Annexure-l) 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 undertakings.

(iv) Other particular stipulated in Annexure—II in triplicate. The con- tract will be 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 the 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 notification as above by the Department of Economic Affairs, provided no objec- tion is raised by the Embassy of France within that period.

1495

VI. METHODS OF FAYMENTS

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 Natlonale de Paris on the basis of a "letter of instruction" to be issued by the Controller of Aid Accounts & Audit, Department of Economic Affairs, Ministry of Finance, UCO Bank Building, Parliament Street, New Delhi, on effectuation of the contract.

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 with the letter cf instruction referred to above, the original set of documents (negotiable), alongwith details of bank qharges (l/8th of one cent documentation charge, plus tax @ 17.60 per cent thereon) and expenses on postages etc. will be sent by the

Banque Netionale de Paris, to: —

(1) the importer's bank in India, which has provided the bank guarantee in the case of importers in the private sector; or

(ii) to the nominated branch of the State Bank of India, or of any one of the fourteen nationalised banks, in the case of public sector under- takings, State Governments including State Electricity Boards; and departments of the Central Governments.

31. Within a week of receiving the intimation about bank charges, from the Banque Natlonale de Paris, the Indian bank will remit the amount of banking charges and postage including cable charges directly to the French bank concern- ed 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 also, the remittances of bankmfi chaigos and postage including cable charges will be .arranged by the bankers of the Central Government departments to whom the documents are sent.

VII, EFFECTING RUPEE DEPOSITS

34. (1) Private Sector importers, public sector undertakings and State Gov- ernment Departments including State Klectricity Boards: Within ten days, at the maximum of receipt of the documents mentioned in condition 30 supra, the bank which has issued the guarantee, or the nominated branch of the State Bank: of India, will arrange the deposit of rupee equivalent of the payments 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 9 per cent per annum for first thirty days and at 15 per cent per annum for the period In excess thereof In terms of Public Notice No. 46-ITC(PN)/76 dated 16-6-70 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 Pub-lie Notice No. 15-ITC(PN)/72 dated 28-1-72 HI? amended by the Public Notice No. 108-ITC (PN)/72 dated 21-7-1972, Public Notice No. 8-ITC(PN)/76 dated 17-1-76 or aa may be notified by Govern- ment from time to time through Public Notices of the Chief Controller of Import* and Exports.

(ii) Central Government Departments: In respect of imports made by tho departments of Central Government also the documents mentioned In Para 30 supra will be sent direct to their bankers. These banks will, in turn, ensure that the Departments make the rupee deposits at the RBI. New Delhi or S.B.I. Tis Hazari Branch or through a Demand draft drawn on and made payable to the SBl Tis Hazarl for credit to Government of India through challan in the form

prescribed in Public Notice No. 74-ITC(PN)/74 dated 31-3-74 under intimation to the Controller of Aid Accounts & Audit (vide para 36 below) The Head of Account to be credited is "843-CIvll Deposits—Deposits for purchases etc from abroad—Deposits under French Credit for 290 million French Frances for 1976- 77". The provision regarding payment of interest will not apply to Central Government departments.

35. It will he 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 deposit- ed 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, Dclhi-6 or remitted by moans of a demand drnft from the local branch nf the Stale Bank of India, or ils 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 No. 184-ITC(PN)/68 dated 30-8-1968 and Public Notice No. 233-ITC(PN)/B8 dated the 14th October, 1968 as amended by Public Notice No. 74-ITC (PN)/74 dated 31-5-74. The challan should inter alia, indicate letters of Instructions No. and date, the amount of foreign exchange the composite rate applied, t he date on which the supplier was paid and the date of rupee deposit and all other essential particulars prescribed in Public Notice No 132-ITC(PN)/71 dated 5-10-71 and Public Notice No. 74-ITC (PN)/74 dated 31-5-75. The principal amount, the imcidential charges @ 1 per cent ad valorem and the interest payment at 9 per cent/15 per cent in terms of Public Notice No. 46-ITC (P.N)/76 dated 16-6-76 should be shown separately alongwith the period for which interest has been calculated. While working out the interest, it will be on the principal amount plus incidental charged at 1 per cent ad valorem. The demand draft should be sent direct to the State Bank of India. Tis Hazari Branch, Delhi-6 with treasury challan (duly filled ;n anri signed bv remitter) in quadruplicate. The Head of Account to be credited is "K—Deposits & Advances (b) deposits not bearing interest-843-Civil Deposits for purchases from abroad under 290 million FF French General Credit. 1976-77".

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 instruction Issued by him and also enclosing copies of invoice and shipping documents. In accordance with Note 1 under the latest format of the treasury challan" the date of posting the demand draft will be deemed to be the date of deposit of rupee equivalent in the Government account. To ensure recovery of interest from importers for the correct period it is essen- 1rtal that the date of posting of the demand draft is invariably intimated to CAA & Audit In each case.

38. It will be obligatory for the Importer to make the requisite rupee de- posits through Authorised dealers only. The Indian bank will also endorse the amount of rupee deposits on the exchange control copy of the Import licence and send the requisite 'S' form to the Reserve Bank of India, Bombay, Review of Rupee deposits made by the importer

39. As soon as the shipments are completed, 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 & Audit, Ministry of Finance, Department of Economic Affairs, UCO Bank Building, Parlia- ment 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 Anmexure—IV Is correctly prepared by the Bank concerned and is rendered, to the Controller of Aid Accounts and Audit within one month of the completion of shipments authorised in the relevant Letter of Instructions.

Any short deposits coming to notice of the importers' banks or pointed out by the CAA & A will be immediately made good and a copy of the relevant receipted treasury challan forwarded to CAA & A for closing the importers' account.

1497

VIII. MISCELLANEOUS

40. The Government of India will not undertake any responsibility (or dis- putes, 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 ordors 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 Government 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.

ANNEXURK—I

[Para 25(111)1

BANK GUARANTEE BOND

To

The President of India,

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

(hereinafter called the importer) 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 rupee 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. lS-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 commission and other charged 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 9 per cent per annum for the first thirty days and at 15 per cent per annum for the period excess thereof reckoned from the date of payment to the French Supplier to the date of deposit of rupee equivalent for credit to the Government account. We shall 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 payablp 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 State Bank of India, Tis Hazari Branch, Delhi-6 alongwith Treasury Challan (duly filled in and signed by remitter), in quadriplicate.

2. We the Bank, also undertake that the negotiable set of import documents will be released to the importer only after the rupee deposits contem- plated above have been made.

3. We the ————— Bank, also undertake to indemnify and keep indemnified the Government against any default in payment by the importer 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 9 per cent per annum for the first thirty days and at 15 per cent per annum for the period excess thereof reckoned from the date of payment to the French! supplied and commission and other charges at the rate of 1 per cent ad valorem. The decision of the Govern- ment 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 includ- ing cable charges payable to the French bank concerned and recover the same from the Importer without affecting the Government of India account.

5. We Bank further agree that in case of increase 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 thin guarantee bond will be adjusted as on the date when the change takes place, in proportion to this change.

6. We Bank, further agree that the guarantee herein contained shall remain In full force and effect during the period that would be taken for the per- formance 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 changp in the constitution 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 intended to be hereby secured and the ————— Bank, shall 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 thie 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 whatever which under the law relating to sureties shall, but for this pro- vision, 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. & (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 deposita aa may be necessary in terms of Public Notice No. 15-ITC(PN)/72, dated 28th January 1972, as notified from time to time. Unless claims under this guarantee are made in writing within six months of this date and unless a suit or action to enforce these claims ia commenced within another six months thereafter, i.e. Upto •, all rights of the Government of India under this guarantee shall be forfeited and we shall be relieved and discharged from all liability thereunder.

Dated •• • —• 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 bv adding 1 percent to the value of tho contract 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 life date by which all payments to the Suppliers afl"e expected to be finalised.

NOTE.—The value of the Stamped paper on which guarantee is to be executed Is to be adjudicated by the Collector of Stomps.

1499

ANNEXURE—II

(In Triplicate)

[Para 25 (iv)]

To

The Secretary, Ministry of Finance, Department of Economic Affairs, WE-I Section, North Block, New Delhi-1.

SUBJECT:—Import under the French Credit, 1976-77.

Sit,

In connection with the import of

(short description of the goods or services)

Jfrom. France under the above credit, we furnish the following particulars:

(a) Name and Address of importer.

(b) Import Licence:

(i) Number (ii) Date (iii) Amount

((.•) Name and Address of the French

Suppliers;

(d) Dute of the Contract:

OR

Date of Supplier's final letter of

acceptance of the order

origin, it any (now manufactured in Frence),

(f) Value of the contract in French Franca

FOB Price

less Indian agent's commission if any.

Net FOB Price plus Freight

C&F price plus Insurance, if paid in

French Francs

Total GIF price to be financed under the credit.

services will be performed,

(ii) Value of each shipment or services

performed, as stipulated in the contract

contract will fall

(1) 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 ICQQ THE GAZETTE OF INDIA EXTRAORDINARY FART I—SEC. 1

Applicable to importers in private sector, 3. A bank guarantee established by

(name and address of the Indian bank, authorised to deal in foreign exchange)' and which has been dulv adjudicated by the Collector of Stamps, in accordance with Section 31 of the Stamp Act, 1899, is also attached.

OR

Applicable to the Public Sector Undertaking and State Government includina

State Electricity Boards.

*3, the import documents may be sent to tjje

(complete name and postal ad- dress of the branch of State Bank of India or of any of the fourteen nationalized banks)

who will release the documents to us only after making the deposit of the rupee- equivalents into Government account calculated at the composite rate of ex- change arrived at on the basis of the formula given in Public Notice No. 15- ITC(PN)/72 dated 28-1-72 as amended by Public Notice No. 10B-ITC(PN)/72, dated 21-7-72 or as notified from time 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 remitting banking charges (l/8th of one per cent documen- tation charges plus tax at the rate of 17.00 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 only to Departments of Central Government.

(Designation & complete postal address of the Accounts Officer)

and we shall ensure that they are adjusted as soon as they are raised in terms of the licensing conditions.

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

Yours faithfully.

Licensee.

(•)Delete whichever is not applicable.

ANNEXUHE—III

(Para 28)

ILLUSTRATIVE LIST OF DOCUMENTS

1 Commercia invoice for the 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 lading 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 docu- ments certifying that the French suppliers have complied with the percentage of Non-French expenses authorized by the French Government.

4. Any other documents.

ANNESCEE—IV

(Para 32)

Form to be submitted by Importer's Barik immediately after the completion of Shipments financed unde. French Credit for FF

.

dated for

(i) Name of Importer (ii) Import Licence No (iii) 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 FF

Amount

of

Drte of payment bv the

interest

S.No.

1% Inci- dental charges

Total depo- sit actua- lly made

Rupee equi- valent of the amount in Col. 2

|French ! Bank to supplier

Amount authorised but not utilised and lapsed Amount p.id by French Banks to FrenchJ Suppliers F.F.

SBI/Tis** Hazari, RBI New Delbi Treasury Challan No. & date. -{Difference (v)&CoL2l

No. of days inter- vering between the date of payment to supplier to the date of rupee depo- sits (both days indu- s ive).

6

2

8

1

3

10

7

5

9

4

"

00 (iii) (iv)

TOTAL

(i) The above mtormauon has been checked rrom our Kcoras and iuuna correct. (ii) All Miscellaneous banking charges of the French Banks render the above LI have teen remitted direct to them. (iii) As p.. ^ -"tions in terms of our B.G. No- dated have been discharged the B.G. may please be released.

Signature of Authorised Officer of the Bank

A. S. GILL,

Chief Controller of Imports & Exports.

r

1503

W5

1507

1509

1511

1513

1515

j

t

f

j

g

T H

f i

G A Z E T T E

O

t f

I

N D

I

A

E X T R A O R D

I

N A R Y

P A H T

I

—

S E C

.

PRINTED BY THE GENERAL MANAGER, QOVEKNilENT OF INDIA PRESS, MINTO ROAD,

1 NEW BELHI AND PUBLISHED BY THE CONTROLLER OS PUJLJCATKWJ, DELHI, 1 9 76