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REGISTERED No. D.(D)-72

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 211] NEW DELHI, WEDNESDAY, NOVEMBER 10, 1976/KARTIKA 19, 1898

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 10th November 1976

SUBJECT.—Terms and conditions for licensing public sector and private sector imports

under the Belgian Government Credit, 1975-76.

No. III-ITC(PN)/76.—The terms and conditions governing the issuance of import licences financed under the Belgian Credit 1975-76 as given in Appendices 1 and II to this Public Notice are notified, for information.

APPENDIX I

CONDUJONS FOR LICENSING PUBLIC SECTOR IMPORTS UNDER THE BFICIAN

GOVERNMENT CREDIT, 1975-76

1. The licence will be issued with a validity period of twelve months bill firm orders on C I.F./C &F. basis must be placed on the Belgian suppliers and copies of the same furnished to the Ministry of Finance, Department of Economic Affairs within four months from the date of issue, of the import licence. The terms firm order means purchase orders placed by the Indian licensee on the foreign supplier duly supported by confirmation from the latter or purchase contract duly signed by both the Indian Importer and the foreign supplier. If firm orders cannot be finalised within the time limit of four months the licensee should submit to the Chief Controller of Imports and Exports (CCI&E) or other

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licensing authorities as the case may be, a proposal seeking an extension in the ordering period along with justification and explanation as to why ordering could not be completed within the initial validity period. Such requests for extension in the ordering period will be considered on the merit of each case by the licensing authorities who may grant exten- sion upto a further maximum period of 4 months. 11, however, extension is sought beyond 8 months from the date of issue of import licence, such proposal should invariably be referred by the licensing authorities to the Department of Economic Affairs, (W.E. Til Section), Ministry of Finance. The licence codes "S" and "BN" should be indicated in the first and second suffix after the licence number. The correct licence code should be used in all the shipping documents as well as in the "S" foim required to bo furnished to the Indian Bank tit the time of rupee deposits.

2. Only goods of Belgian origin are eligible for being financed under thii credit.

3. The licence will not be valid for remittances from India. Payments to the Belgian Suppliers can be made only in accordance with the procedure set forth in paragraph 6—10 below.

4. The contract of supply between the Indian Importer and the Belgian Supplier should provide for the import being financed out of the Belgian Government credit in accordance with the procedures set forth in these Licensing Conditions, and should also be made subject to approval by the Government of India. Importers should take special care to inform the Suppliers about this condition and also incorporate a clause to tins efje<. t In the supply contract. Moreover approved orders should not be cancelled without prior concurrence of the Ministry of Finance, Department of Economic Affairs.

5. The value of the contract should be expressed in Belgian Francs. The contract should normally provide for cash payment out of the Belgian Government Credit on presentation of shipping documents. For any customary performance guarantee, the Suppliers could be asked to furnish a bank guarantee.

6. As soon as possible, after the contracts are concluded, the importer should request the Ministry of Finance, Department of Economic All-iin, (W.E III Section) to issue a Letter of Authority for payments to the Belgian Suppliers, This request should be accom- panied by six photostat/certified copies of the contract/Purchase Older along with the Suppliers' Order Confhmation, The following information should also be sent to the Department of Economic Affairs nlongwith the contracts/Purchase Order alongwith Sup- pliers' Order Confirmation:—

(i) Details of the Import Licence:—

(a) Number (b) Date of Issue

(c) Value

(A photostat copy of the fmport licence may also be furnished).

(ii) Name and Address of the Importer

(iii) Name and Address of the Belgian Suppliers (iv) Value of the contract/order in Belgian Francs

(v) Short description of the goods to be imported

(vi) Time for delivery (A schedule indicating probable dates and amounts of pay- ments to the supplier may also be given).

(vii) Detailed list of shipping documents, like Bill of Lading, Invoices, certificate of Origin, etc,,which the National Bank of Belgian should demand from the Suppliers before making payment, together with the number of copies of each document required

(viii) Indian Agents' Commission, if any, included in the contract (Amount or per- centage to be indicated). (The Indian Agents Commission will be payable by the Importer in rupees and will not be included in the value ot the Letter of Authority),

(ix) Branch of any Nationalised Bank to which the original documents negotiated

should he sent by the National Bank of Belgium,

(x) Date upto which the letter of Authority to the National Bank of Belgium should,

be valid,

(xi) Special instructions, if any

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7. On receipt of the copies of the contract/Purchase orjer alongwith suppliers' order confirmation, and tho information required in paragraph 6 above, the Department of Economic Affair!, will forward a copy of the contract to the Belgian Ministry of Foreign Alfaira and External Trade together with number and dale of is-,ue of the import licence by the appropriate import licensing authority in India and the nature of goods to bo sup- plied and also issue a letter of authority to the National Bank, of Belgium (in form at Annexure T) authorising payment to the suppliers against shipping documents.

8. Within 10 days of receipt of shipping and other documents from the National Bank of Belgium, Brussels the importer-,' Bank shall arrange to djposit into Government account as indicated in para 9 below, the rupee equivalent of the amount disbursed to the Suppliers together with interest for the period from the date of payment to the Belgian Suppliers upto the date on which rupee equivalents are deposited at the rates indicated below: — (i) Cases where deposits arc made within 30 days from the date of payment to the foreign suppliers 9% per annum.

(a) for the first 30 days 9f"o per annum. (b) for period in excess of 30 days 15% per annum.

For this purpose the Belgian Francs payments will have to be converted into Rupees as per instructions contained in Public Notice No. 15-ITC(PN)/72 dated 28-1-1972 and Public Notice No. 108-lTC(PN)/72 dated 21-7-72. Any change in this rate of eonveision will be notified through Public Notice as and when necessary. // will he the je\pon\ihility of the bunkers to ensure that the amount¹: due are correctly deposited into Government Account before the import documents are handed over to the panic; The importer should also ensure that the amounts are correctly deposited into Government Account before taking delivery of the documents from their bankers.

9. The deposit envisaged in para 8 may be made in cash cither at the Reserve Bank of India, New Delhi or the State Bank of Tndia, Tis Hazari, Delhi or the amount may be remitted through a demand draft diawn on and in favour of the agent, State Bank of India, Tis Hazari, Delhi-6 for credit to Government Account as contemplated in Public Notice No. 233-ITC(PN)/68 dated the 24th October, 1968 and Public Notice No. 132-ITC(P_N)/71, dated the 5th October, 1971. The head of account to be credited is "K-Deposits and advances (b) Deposits not bearing interest—843—Civil Deposits—Deposits for purchases etc. abroad—Purchases tinder Xth Belgian Credit for 1975-76.

In the treasury challans, the following particulars should invariably be furnished [vide also Public Notice No. 74-lTC(PN)/74 dated 31st May, 19741 prescribing the revised chullan form which should invariably be used for these remittances:

(a) Ministry of Finance letter of authority No. & Date—Belgian Government Credit,

1975-76.

(b) Amount of foreign currency in respect of which rupee deposits are to be made

together with the rate of conversion adopted.

(c) Date of payment to the foreign suppliers. (d) The amount of interest paid and the period for which it has been calculated. (e) Total amount deposited.

(Interest is to be calculated for the period from the date of payment to the suppliers upto the date of deposit of rupee equivalents into Government Account) (both dates inclusive).

10. One copy of the Chullan from the Reserve Bank of India, New Delhi or the State Bank of India, Tis Hazari, Delhi-6 or intimation regarding the submission of Demand Draft to the State Bank of Tndia, Tis Hazari, Delhi-6 should be sent by the Importers' Bank to the Controller of Aid Account? and Audit, Department of Economic Affairs, Ministry of Finance, Jccvan Deep Building, Parliament Street, New Delhi-110001 along- with a forwarding letter, giving full details of the Advice Notes received from the Belgian National Bank.

11. It will be obligatory for the importers to make the requisite rupee deposits through authorised dealers only and also to get the exchange control copy of the licence endorsed by them, as required in Public Notice No. 184-ITC(PN)/68 dated the 30th August, 1968. They 9hottld also fill in the requisite "S" forms as prescribed by the Reserve Bank of India.

12. It should be understood that the Government of Tndia will not undertake any res- ponsibility for disputes, if any, that may arise between the licensee and the supplier.

13. The licensee shall promptly comply with any directions, instructions, or order issued by the Government of Tndia from time to time regarding any and all matters arising from* or pertaining to the import licence and Tor meeting all oblimtions under Xth Belgian Credit for BF. 325 million. They will also furnish a quaitcily report (in duplicate) to the Ministry of Finance, Department of Economic Affairs, (W.E. Ill Branch) a3 per Annexinc IV

14. Any breach or violation of conditions set forth in the above clauses will result in appiopnate action under the Imports and Exports (Control) Act.

APPENDIX IT

CONDITIONS FOR LICENSING PIUVAIF SI-CTOR IMPORTS UNDER THt- BELGIAN GOVERNMENT CRI DIT, 1975-76

1. The licence will be issued with a validity period oC twelve months but firm orders on CI.F./C&F. basis must be placed on the Belgian suppliers ami copies of the same furnished to the Ministry of Finance, Department of Economic Affairs within four months from the date of issue of the import licence. The term film older means purchase oiders placed by the Indian licensee on the foreign supplier duly supported by confirmation from the letter or purchase contract duly signed by both the Indian Importer and the foieign supplier. If the firm orders cannot be finalised within the time limit of four months the licensee should submit to the Chief Conti oiler of Imports & Exports (CCI&F) or other licensing authorities as the case may be, a proposal seeking an extension in the ordering period alongwith justification and explanation as to why ordering could not be completed within the initial validity period. Such requests for extension in the oidering ptriod will be cosidered on the merit of each case by the licensing lufhoi ities who may grant extension upto ii further maximum period of 4 months. If, however, extension is sought beyond 8 months from the date of issue of import licence, such proposal should invariably be rcfci- red by the licensing authorities to the Department of Economic Affairs (WE, III Section), Ministry of Finance, The licence codes "S" and "UN" shouli be indicated in the first and second suffix after the licence number. The correct licence code should be used in all the shipping documents as well as in the "S" form required to be furniihed to the Indian Bank at the time of rupee deposits.

2. Only goods of Belgian origin are eligible for being financed under this credit

3. Thc licence will not hc v a"d for remittances from India Payments to the Belgian- Suppliers can be made only in accordance with the proceduie set forth in paragraph 6—10 below.

4. The contract of supply between the Indian Importer and the Belgian Supplier should provide for the impoit being financed out of the Belgian Government Credit in accordance with thc procedures set forth in these Licensing Conditions, and should also be made sub- ject to approval by thc Government of India. Importers should take special care to inform thc Suppliers about this condition and also incorporate a clause to this etfei.t m the supply contract, Moicover, approved orders should not be cancelled without prior con- currence of the Ministry of Finance, Department of Economic Affairs

5. Thc value of the contract should be expressed in Belgian Francs, The contract should normally provide for cash pavment out of the Bjlgiin Government credit on pre- sentation of shipping documents For any customaiy performance guarantee, the Suppliers could be asked to furnish a bank guarantee.

6. As soon as possible, after the contracts aic concluded, thi- importer should request thc Ministry of Finance, Department of Economic Affairs, W E. Ill Section to issue a Letter of Authority for payments to the Belgian Suppliers This request should be accom- panied by six photostat/certified copies of the Contract/Purchase Order alongwith Sup- pliers' Order Confirmation and Bank Guarantee as lequlicd in paragraph R hereunder. The following information should also be sent to thc Department of Economic Affans- alonuwith the Contract/Purchase Order alongwith Suppliers' Order Confirmation:

(i) Details of the Impoit Licence—

(a) Number

(b) Date of issue

(c) Value

(A photostat copy of the Tmport Licence may also be furnished)

(ii) Name and Address of the Importer (iii) Name and Address of thc Belgian Supplier

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(iv) Value of the contract/order in Belgian Francs (v) Short description of the goods to be imported (vi) Time for delivery (A schedule indicating probable datea and amounts of pay- ments to the Supplier may also be given).

(vii) Detailed list of shipping documents, like Bill of lading, Invoices, certificate of Ongin, etc., which the National Hank of Belgium should demand from the Suppliers before making payment, together with the number of copies of each document required

(viii) Indian Agents' Commission, il any, included in the contract (Amount or per- centage to be indicated). (The Indian Agents' Commission will be payable by the Importers in rupees and will not be included in the value of the Letter of Authority).

(ix) Name oi the Importer's Bank in India

(jt) Special instructions, if any

7. On receipt of the copies of the contract/Purchase Order alongwith Suppliers' Order Confirmation the Rank Guarantee and the information requncJ in paragKiph 6 above, the Department of Economic Affairs will forward a copy of the contiaot to the Belgian Minis- try oi Foreign Affairs and External 1 rade together with number and date of issue of the import licence by the appropriate import licensing authoiily in India and the nature of the goods to be supplied and also issue a letter of authoi'ty to the National Bank of Bel. gium (in form at Annexure I) authorising payment to the suppliers against- shipping documents.

.

8 Within 10 days of receipt of shipping and other documents from the National Bank of Belgium, Brussels the importers' Bank shall arrange t0 deposit into Government account til indicated in para 9 below, the rupee equivalent of (he amount disbursed to the Sup pliers together with interest for the period from the date of payment to the Belgian Sup- pliers upto the date on which rupee equivalents arc deposited at the rates indicated below — (i) Cases where deposits arc made within 30 days from the date of payment to the foreign suppliers;

.. 9% p cr a m mm

(ii) Cases where rupee deposits are made more than 30 days

after the date of payment to the Suppliers:

(a) for the first 30 days

(b) for period in excess of 30 days

.. 9% p er a n n um .. ) J% p er a n n u m.

For this purpose the Belgian Francs payments will have to be converted into Rupees as per instructions contained in Public Notice No. 15-ITC(PN)/72 dated 28th January 1972 and Public Notice No. 108-ITC(PN)/72 dated 21st July, 1972. Any change in this rate of conversion will be notified through Public Notice as ind when necessary. The impoitei should furnish a bank guarantee from an approved schedubd bank in the form in Annexure II agreeing to deposit the amount. The rate of exchange to be adopted for working out the amount of the Bank Guarantee should be the same as indicated on the import licence or the rater prevnilinc at the time of issue of lmroit licence. The tootnote under the bank guarantee form should be noted for strict compliance. // will he the responsibility of the bunkers to enwirc that the amounts due aie correctly ck'uosttL'i into Government Account before the import documents are handed over to the part'"v The importer should alsu ensure that the amounts are correctly deposited into Government account before taking delivery of the documents irom their bankers.

9. The deposit envisaged in para 8 may be made in cash either at the Reserve Bank o[ India, New Delhi or the State Bank of India, Tis Hazati, Delhi or the amount may be remitted through a demand draft drawn on and in favour of the Agent, State Bank of India, Tis Hazari, Delhi-6 for credit to Government account as contemplated in Public Notice No. 2334TC(PN)/68 dated the 24th October, 1068 and Public Notice No 132- 1TC(PN)/71 dated the 5th October, 1971. The head of account to be credited is "K- Dcposits and advances (b) Deposits not bcarinc interest—843—Civil Deposits—Deposits for purchases etc. abroad—Purchases under Xth Belgian Credit for 1975-76.

In the treasury challans, the following particulars should invariably be furnished (vide also Public Notice No, 74-ITC(PN)/74, dated 31st M.iy. 1974 prescribing the revised •challan form which should invariably be used for these remittances.

(a) Ministry of Finance letter of authority No. Sc Date

Belgian Government Credit 1975-76.

(b) Amount of foreign currency in respect of which rupee deposits arc to be made

together with the rate of conversion adopted.

(c) Date of payment to thc foreign suppliers. (d) The amount of interest paid and thc period tor which it has been calculated. (e) Total amount deposited.

(Interest is to be calculated for the period from the date of payment to the suppliers upto tho date of deposit of rupee equivalents into Government Account both davs inclusive).

10. One copy of the Challan from the Reserve Bank of India, New Delhi or thc State Bank of India, Tis Hazari, Delhi-6 or intimation regarding the submission of Demand Draft to the State Bank of India, Tis> Hazari, Dclhi-6 should be sent by thc Importers' Bank, which has issued the bank guarantee to the Controller of Aid Accounts and Audit, Depart- ment of Economic Affairs, Ministry of Finance, Jeewan Deep Building, Parliament Street, New Delhi—] 10001 alongwith a forwarding letter, giving full details of the advice Notes received from the Belgian National Bank.

11. Tt will be obligatory for the importers to make the requisite rupee deposits through authorised dealers only and also to get the exchange control copy of the licence endorsed hy them, as required in Public Notice No. 184-ITC(PN)/68 dated the 30th August. 1968. They should also fill in thc requisite "S" forms as prescribed by the Reserve Bank of India.

12. After the imports under a licence are completed and the Importer's bankers have flepositcd into Government Account all the amounts due, dctaiU of the import received and thc rupee deposits made should be furnished to the Controller of Aid Accounts unJ Audit, Ministry of Finance, Department of Economic Affairs, New Delhi—110001 in Ihe proforma prescribed in Anncxurc III to enable the Ministry of Finance to verify and arrange for release of the bank guarantees furnished by the importers wherever necessary. The importers will also be responsible to furnish a utilization report in the form in An- nexure IV quarterly to the Ministry of Finance, Department of Economic Affairs, (W.E, III Section) and the Controller of Aid Accounts and Audit, Ministry of Finance, Department of Economic Affairs, New Delhi—110001.

13. It should be understood that the Government of India will not undertake any res- ponsibility for disputes, if any, that may arise between tiie licensee and the supplier.

14. The licensee shall promptly comply with any directions, instructions, or order issued by the Government of India from time lo tune regarding any and all matters arising from or pertaining to the import licence and for meeting all obligations under Xth Belgian Credit for B.F, 325 million.

15. Any breach or violation of conditions set forth in the above clauses will result in appicpriate action under the Imports and Exports (Control) Acl,

ANNMURE—I

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Economic Affairs)

New Delhi, the

To

The National Bank of Belgium, Brussels.

AGREPMENT BETWEEN THE GOVERNMENTS OF 1NDTA AND BELGIUM DATED THE FOR THE CRHD1T OF MILLION BELGIAN FRANCS.

LETTER OF AUTHORITY NO.

Sir,

In accordance with the terms and conditions of the above Credit Agreement we hereby request you irrevocably to pay an amount of BF . . . . . . .. (Belgian Francs) . . . . . . ..

. (in words) to

(Supplier/the name of Suppliers' Bank, with

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"• Account when payment is to be made to the Suppliers' Bankers Number)

against the delivery of the following documents:

Invoice

.. .. copies

Bill of Lading (with full details)

.. .. copies

Insurance Policy, if any, etc.

.. .. copies

covering the value of Invoice No dated (Photostat copy attached) relating to Contract No dated (Indian Importer) for the supply of with

2. After payment, the original set of the above documents (in duplicate/triplicate etc.^ may kindly be forwarded direct to

(Importers' Bankers in India.

3. The amount paid may please be debited to our Account 'P' No

opened in the frame of the above-mentioned Credit Agreement and necessary debit advice (in duplicate) forwarded to the Ministry of Finance, Department of Economic Affairs, Economic Aid (Accounts) Branch, New Delhi duly indicating this Letter of Authority number.

4. This authorisation will remain valid upto the day of 197

Yours faithfully,

(Designation)

Copy to

(The Importer's Bank). They should ensure that the rupee equivalent calculated at the prevailing composite rate prescribed in Public Notice No. 15-ITC(PN)/72 dated the 28th lanuary, 1972 and Public Notice No. 108-ITC(PN)/72 dated the 21st July, 1972 and such other Public Notices, that may be issued from timo to time together with interest thereon as prescribed in Public Notice No. 46-TTC(PN)/76, dated the 16th June, 1976 and such other Public Notices that may be issued from time to time, from the date of payment to the suppliers to the date of deposit of the amount into Government Account (both days inclusive) is deposited before releasing the original documents to the Importers.

ANNEXURE—Jl

GUARANTEE BOND

(To be furnished by Banks under the procedure for the import of goods under the Belgian Government Credit, 1975-76)

To

The President of India,

In consideration of the President of India (hereinafter called 'the Government') having agreed to arrange for payment in Belgian Francs for the import of

by

(hereinafter called the 'importer') under trie terms and conditions of the Belgian Government Credit 1975-76 and in pursuance of in favour of tho Import Licence No issued on importer against the above agreement, we • • • • (BanK) at the request of the importer hereby undertake to arrange to depont the amounts of the disbursements made by the National Bank of Belgium coverted at the prevail- ing composite rate of exchange calculated as per instructions issued by the Govern- ment in the matter from time to tim.e within ten days of the receipt of advice of payment for credit to the Government account in the manner and against the appropriate Heads of Account as indicated by Government of India under the said credit together with interest on the amounts disbursed to the supplier from the date of payment to the Belgian sup- plier to the date of payment of rupee equivalent for credit to the Government Account at the rates indicated below:—

(i) Cases where deposits are made within 30 days from the

date of payment to thp foreign suppliers .. 9% per annum,

(ii) Cases where rupee deposits are made more than 30 days

after the date of payment to the suppliers:

• • "% Per a n n u m' (a) for the first 30 days (b) for period in excess of 30 days • • 15% Per annum.

The negotiable set of import documents received from the National Bank of Belgium will be released to the importer only after the rupee deposits contemplated above have been made.

2. 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 lime to time by (he Importer to the Government at such place and in such manner as the Government may from time to time direct such sums not exceeding Rs or any part thereof for the time being due and payable by the imporlcr. 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 Gov- ernment by us (Bank), shall be final and binding on us (Bank).

3- We,

(Bank) further agree that in case of increase in the value of import or increase in the value of unfulfilled deliveries under the contract as a result of change in the composite rate of exchange mentioned in para 1 above, [he amount of this guarantee bond will be adjusted as on the date when the change takes place in pro- portion to this change.

4. 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 performance of the said agreement/contract and that it .-.hall 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.

5. The guarantee herein contained shall not be effected by any change in the constitu- (Bank), and the Government shall tion of the Importer of the have the fullest liberty without affecting the guarantee to postpone for any time and from time to time any of the powers exercisable by it against the importer and cither to enforce payment by the importer of any of the amounts the payment whereof is intended to be hereby secured and the (Bank), shall not be released from its liabi- lity under the guarantee by any exercise by the Government of the liberty with reference to the matters aforesaid or by reason of time being given to the Importers or any other for- bearance, act or omission on the part of the Government or any indulgence by the Govern- ment, to the Importer or by any matter or thing whatsoever which under the law relating to sureties shall, but for this proviso, have the effect of so releasing the

(Bank), from its such liability.

6. We,

(Bank) undertake not to revoke this guarantee during

its currency except with previous consent of the Government in writing.

7. We

(Bank), hereby undertake to make additional deposits in terms of Public Notice No. 15-ITC(PN)/72 dated 28th January, 1972 and No. I08-ITC (PN)/72 dated the 21st July, 1972 and such other Public Notice3 that may be issued from time to time hereafter.

8. Our liability under this guarantee is restricted to Rs

(plus interest and commission changes, if any, not expected to exceed one per cent of thp guarante- ed amount) and this guarantee shall remain in force till the day* of (Month). 19 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 la commenced within another six months thereafter, i.e. upto a" Gov- ernment's rights under this guarantee shall be forfeited and we shall be relieved and dis- charged from all liability thereunder.

Dated, the day of

Accepted for and on behalf of the President of Tndia by For • • (Bank)

Shn

Name & Designation

Signature

•This date shall be arrived at by adding one month to the dale by which all payments to the Suppliers are expected to be finalised.

NOTE.—The value of the stamped paper on which this guarantee is to be executed is to be adjudicated by the Collector of Stamps.

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ANNEXURE—III

PROFORMA

1. Name and full address of the importer/licensee on whose behalf the bank guarantee was furnished.

2. The import licence number and date and value.

3. Number, date and amount of the guarantee furnished.

4. Particulars of the Letter of Authority for opening Letter of Credit obtained from the Ministry of Finance.

(a) Number and date of the Letter of Authority. (b) Amount of the Letter of Authority (in B.F.)

5 Particulars oi' Imports effected and rupee deposits made.

(a) Name of supplier(s)

(b) Amount in (BF) actually paid to the supplier(s) mentioned at (a) above.

(c) Date of payment to the supplier by the Belgian National Bank. (d) Amount of rupee deposit:—

(i) Rupee equivalent of BF amount paid to the supplier @ 1 BF.

(ii) Interest paid,

O'ii) Period for which the interest has been calculated from — —— to .

(iv) Total deposit made, (v) Date and place of deposit.

(vii) If the rupee deposit mentioned in d(iv) above was made by means of Demand Draft, the number, date, and amount of the draft and particulars of your letter with which it was sent to the Accountant General, Central Revenues, to be Indicated.

6. Amount utilised and balance unutilised (in BF) against each Letter of Authority.

7. A certificate that the balance indicated in 6 above, has not been utilised and no ship- ment has been made thereof, and the same may be treated as lapsed.

(Authorised signatures)

ANNEXURE—IV

STATEMENT SHOWING QUARTERLY REPORT ON UTILISATION UNDER XTH BELGIAN CREDIT

1. Namo of Importer 2. No. and date of Import Licence. 3. Value of Import Licence, 4. Letter of Authority No. & Date. 5. Amount of Letter of Authority.

6. Date of validity of Letter of Authority.

7. Value of orders placed. 8. Amount utilised during the quarter BF

9. Total amount utilised BF

10. Total Amount deposited into Government Accounts Rs. 11. Payment expected to be made during the subsequent quarters [give figures—(Quater wise)].

12. Surrenders, if any.

A. S. GILL,

Chief Controller of Imports & Exports.

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PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 1 9 76