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REGISTERED No. D - ( D ) - - 72

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No 185] NEW DELHI, THURSDAY, SEPTEMBER 22, 1977/BHADRA 31, 1899

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 22nd September 1977

SUBJECT:- Licensing conditions for imports from U.K. under UK/India mixed project Grant, 1977. No 7GITC(PN)/77—The terms and conditions government the issuance of impart licences under UK/India Mixed Project Grant, 1977, as given in the Appendix to

this Public Notice, are notified for information

APPENDIX

LICENSING CONDITIONS FOR IMPORTS FROM THE UK UNDER UK/INDIA MIXED PROJECT GRANT 1977

I General Conditions

1. Superscription and Code:—The import licence will bear the superscription

"UK/India Mixed Project Grant1977". In addtion, each import licence iwll also

bear the code "S/KK". (1051)

2 Intimation of Import Licence Pcnticular.s.—Within a fortnight of the receipt of the import licence, the importer should intimate to the Department of Economic Aflairg (Section Officer —"WE II Section) the details of the import licence viz com- plete number and date, its value, and the superscription thereof, together with a phninstat <.opy of the import licence A copy of the intimation alongwith a photo- stat copy of the import licence should "•Iso be endorsed to the Controller of Aid Accounts & Audit (CAA&A), Ministry u± finance Department of Economic Affairs, TJCO Bank Building, New Delhi

3 Validity of the Import Liwnre. —The import licence will be issued with an im1ial vaJidily period ot 24 (twentv-foui) months This period can be luither ex- tended if there is adequate justification to d" so

4u) Remittances.— No remittance ol toreiAn exchange Will bo permitted against the import licence However the UK Bank charges may be remittee¹ through the normal banking channels.

Kb) Indian Agents' Cornmisssion—Any payment towards* tho Indian Agent's, Commission should be made only m Indian Rupees to the Agents in India Such payments will, however, form part of the licence value and will, tnerefme, be charged to the import licence

5(a) Ordering period.—Firm orders on CIF or C&F basis must be placed within a period of four (4) months fiom the date of Issue of the import licence

5(b) If firm orders cannot be placed within four months for valid reasons the liLoncp should be submitted to the Licensing Authority immediately during the nilh month giving the reasons for the delay in placing firm orders and indicating the date by which the firm orders would be placed and seeking extension in the penou foi ordering as necessary Such requests vvlH be considered on merits by the licensing authorities who may grant extension upto a further Maximum period of two months If however, extension is, sought beyond 6 months from the flate ol issue of this import licence such proposals will Invariably be / f ^ r ed by he licensing authorities to the Department of Economic Affairs (WE II Section) Mit'i* try of Finance, North Block, New Dellu

NOTE--The Finn Ordeii, in this context mean, placement orders on the UK Suppliers, and the letter's confirmation in wilting therefor within the ordering period

5(o It should be noted that unless ordering is.completed within four months or the extended period allowed by the licensing authority as ^ . ^ ^ . ^ . ^^ fluihonsod Dealers m foreign exchange will not permit the establishment of Letter of Credll, or deposit of rupee equivalent (See Section I\ bcJc-w )

6 Pavrnpnls—Al) payments' must be completed within the expiry of the import licence 'individual payments- must be arranged upon shipment of goods No credit facility ofi any kind will be permitted

II special points to be Incorporated in the Orders/Contracts or otherwise kept

in view if \ n ™n of noods—While placing orders'contracts which must be Pla<=ed

declared to he of UK oiigin on the form attached as ANNEXURE 1KB)

persons ordmanly resi.lent or carrying on business in the UK

1053

(c) (ui). When on such an enquiry it is revealed that the goods proposed to be imported have some non-UK element, the mailer must be brought to the notice ol the Ministry of Finance, Department of Economic Ailairs, WE II Section, New Delhi, ior confnmution whether the importer snould proceed with the finahsation ol his order/contract with the prospective UK supplier. In this connection it may be mentioned that in exceptional cases non-UK clement upto a limit of 20 per cent ot the FOB value of the goods in a single coniract may be agreed U> be financed undei the UK/India Mixed Proiect Grant 1977, provided the non-UK content forms an integral part ol' the finished products, and the non-UK origin material connot be uesd independently ot the finisherL products, proposed to be imported. For this purpose the Indian importer should apply ior a specific approval enclosing a copy of the Contiact Certificate, duly .signed by the UK supplier m the prescribed form ^nnexurc II or Annexure 1UB)—as is appropriate) to the Department of Economic Affairs (WE II Section), Ministry of Finance, North Block, New Delhi.

(d) Provision for contract Approval.—A clause should specifically be included in the contract to the eflect, that, the contract is subject to and will become effective only on approval by the Government of India and the Government of the United Kingdom

(e). Documentation and Payment Procedure—The documentation requirements mentioned in Section III and V below and the Payment Procedure laid down in. Section IV below should be kept in view and should be appropriately incorporated in the contract

III. Contract Acceptance

8(a) Notification of contracts and Amend me nts.— Immediately on placement of orders on tho UK supplier the importer should furnish copies of the contract to the Administrative Ministry and the Ministry of Finance, Department of Economic Affairs, New Delhi

(b). "Within a fortnight of approval of contract by the Government of India in respect of each order placed on the foreign supplier, the licensee should forward four copies of the enntract or notification ni contract (in the form attached as ANNEX.URE I) accomopamed by five copies of the contract certificate (in the form attached as ANNEX! TRE II OR ANNEXURE 1KB) (as 15 appropriate) duly signed by the U K supplier, to QA.A.&A UCO Bank Building, Parliament Street New DelhH

NOIK —As no payments can be made unless the contract is duly approved by the UK, Government, It is most imperative for 1he licensee to ensure that copies Of contract /notification of contract along with supplier's contract certificates are for- warded to the Ministry of Finance (CA.A.&A) in the manner stated above at the earliest

9 (a) Contract Approval,—While forwarding the above documents to the Minis- try of Finance, it must be ensured by the licensee that the number and date of the 'import licence and the name of the U K Crant aro clearly noted in the documents

(b) The CAA&A, Ministry of Finance, will arrange through 1he Chief Account, ing Officer, High Commission of India London (CAO, London) to file a set ol the documents- with the UK Government for obtaining their approval and acceptance to the payments under the contract to be financed under the UK Grant As soon as possible after the decision of the UK Government is known, the U,K Suppliers as well as the licensee will be informed of the same direct, by the CAO London under advice to the Ministry of Finance

10 Amendment to contract.—II at any lime, a contract (being a contact in rpspect of which acceptance of the UK Government has been obtained or is pending) is amended, or if Uabiliiv is to be inclined thereunder to a greater or lesser amount than 1he amount specified in the contract certificate, the licensee should obtain the approval of the Government of Tndia and therenftei promptly forward the relevant Supplementary or revised documents, copies of amendments to the contracts and revised Coniract Certificate to C.A A &A , New Delhi in order to enable him to notify the same to the UK Government and 1o obtain their acceptance As soori ns the acceptance of the amendment to conlrFct/order 1a received from Ihp UK Government, the licensee and the Ministry of Finance will be notified bv the CAO London in the same manner as for the original contract.

11 When a. contract U with Indian agent—Tf the contract is w^h the Indian Agent of the forpign suppliers, it should indicate the names of Hie UK suppliers tn whom payment is to he made for the steilmg portion of the contract, which alonp

will qualify for paymenL under the UK Grant. Copies of such contracts (01 of con- tract', placed h\ the Indian Agents with the UK suppliers, if there are such separate contracts) should be sent as prescribed above

IV 1'u.yment to UK suppliers—letter <>J cmlit Proceduie

12 Special paymint procedure.—The payment procedure normally applicable is laid ('own below Ir> special cases a different payment procedure may be laid down ny the Minjsliy of Finance, Dcpaitr.ient o° Economic Ailairs, Ne'nv Delhi and m that case the import licence will lie issued subiect to such special procedure

13 Application jor letter oj i^uthon^ation.—After leceipt of intimation legardlnu Cuntiact acceptance trom CAO London (^ce Section III above), the hrensee should apply to the CAA 1 opening a Letter of Credit m lavoui of Ihc UK Suppliers With one oi tbr corespondent Bank;, In the UK The jequest lor the letter of authorisation should he m the form given as ANNEXURE 111 and should he accompanied by a bank guarantee (in the form given in AN- NEXURE IV) obtained from an authorised dealer m foreign exchange in India The first requesi foi Letter of Authorisation should be accompanied by a photostat copy of the import licence

14(a) Bank Guarantee.—The Bank Gu&ranLce should be lor an amount not less "than the purpose equivalent of the value m sterling of the proposed letter of autho- rity

Ci) The rate of exchange to be applied loi the IUDCC equivalent will bJ calculated at the Commppo^ite R,jte of Exchange on the basis of the formula given i"i Public Notice No ,i-ITC(PN)7H, dated 17th January, 1970 or any other Public Notvr that may be notified by the Chief Control]cr of Imports and Expoits New Delhi from time to time and by the Reserve Bank of India through the Exchange Contol Cneulais i sued ftom tim= to time to the Authorised Dealers in Foreign Exchange

NOIL; - No Bank Ouaiantee is I equired from Public Sector Proiects In such eases the Letter of credit will be opened through any Branch of the State Bank of. India (including its .suhjidiane'-) oi uny Branch of any of the Nationalised Banks

15 letter of Authorisation—^If the application is found to be m order, tiic Ministry of Finance, Depaitment of Economic Affairs, New Delhi, will issue w\ Authoriljlion for the requisite amount to the Indian Exchange Bank concerned with a copy to the importer and SO WE II Section incorporating iniri aha the Connect Approval number of the UK Government The Ministry of Finance will aigo aCvisr- the UK Rflnk jonceined and the CAO Lo idon suitably The advlc" to the UK Bank ivill, howcer, be sent lo the Indian Exchange Bank concerned ilong wilh then fr:pv of th" Autimi isation Letter who should then transmit It to the UK Bank while opening the Letter of Credit

16 (a) Validity oj Letter oj Authorisation.—The Letter of Authoufation will be valid fora period of one month from the date of its issue Therefore, the letter nl Credit should he opened w thjn a pwiml of one month from the date of issue of the Authorisation, under lntjmatjon to the Ministry of Finance falling which the A ithoiisdtion will lapse

(b) Letter of Credit—The letter of credit should detailing the conditions lo which the licence is suhnect, should provide for payment of the suppliers on the submission of all the documents detailed in section V below, should contain ileauite ' '•ructions ie^ardinf the despatch of documents aft^r payment and should be ooened subject to the (onditions that the correspondent Bank in the UK aftei jiakiit •"\mejts to the beneficiaries initially out of their iwn funds, ohtnri leimhnr crpent tberelor from the State Bank of India London through the CAO London The Indian Exehai^e Bank's instructions regarding the op"nin'4 of Letter i f Credit must accord complptelv with the Authorisation Issued by the Ministry or Finance There should be no discrepancies in any respect

(i ) The LotW of Crrdlt should be clearly mirk^d with the Grant title and with the UK Government's Contract approval number.

1055

th

(A + Responsibility of Indian Exchange Bank.—While opening lettei ot Ciedil, the Authorised Exchange Bank in India snomd, on bcha]t oi tne importer al.o taite caie to incorporate necessary conditions m the Letter of Credit and ensure thdL the requirements of documentation detailed In para 17 (Below) are noted and oom- ulicd with by 1he UK supplier

V Documentations

17 Documents-—The importel is responsible to sec that the UK supphci com- p l e te and submits the documents, detailed below to the UK Bank .A die time ur claiming payment foi the goods .supplied

d) The ongmai invoice, with foui photocopies, or copie bj any other process (The invoice should show the name and address of t h- impoiter, quantity and detailed rtesciiption of each item .supplied, sales price for each item reflecting all trade discounts, the basis oi delivery (FOB, C&F, CTF and F&Aj and tnc stcrhny cost of any incidental services including delivery sei vices oi n n n ne ur trampoitn- tlon insurance)

Ui) One copy (or photostat) of ocean or charter Bill ot Lading or airwaj Bill or parcel post receipt (The Bill of Lading should either indicate or be accompanied by the earners, statement of chHi^e- m v'hatevti currency it is paid)

(in) Four copies oi the pajment certificate in the form oi ANNEXURE V (not required in respect of Contracts, lor which a conti act certificate (Chemlcaltl m the form given a ANNEXURE II(B) has been provided) For this puipose, five blank forms of the payment certificate in the prescribed form should be attached to the letter of credit for eompletion by the supplier at the time of obtaining payment

Each document rnust show the Grant title, details of import licence and if possible, the p a r t i c u l ar of the letter of Credit Authorisation issued bv the Min- istry of Finance

18 Despatch of Documents.—After the payment is made to the UK Supplier.

the correspondent Bank in the UK will send by faht air mill the oneinal nego- tiable set of documents to the Indian Exchango Bank concerned

19 UK Bank charge—The Indian Exchange Bank will remit the Bank c h a r ts to the UK Bank and recover the same.- from the importer

20 Relmburspmpnt to UK Bank —The UK Bank will simultaneous¹}', claim the reimubrsement, of the amomunts (s) paid by it to the- UK Supplier. from CAO London and will submit for this purpose, invoices received from the Supplier and payment certificate as in ANNEXURE V, where required Tht CAO London will arrange payments to thp UK Bank thiou2b State Bank of India London

VI Indian Banks responsibility for rupee deposits

21 Recovery from Importer.—Within 7 (seven) days, of tht receipt of the adviCe of payment along with shipping documents fiom the UK Correspondent Bank, the Indian Exchange Bank concerned shall collect from 1hp importer, the cost of imports m rupees at the "composite rate of exchange" (Sec para 14(b) above] plus interest charges at the rate notified in Publi.- Notice No 4(5 1TC(PN)/7H dated lfi G 76, lor the period from the date of payment to the I'K Suppliers by the UK Bank to the date of deposit of the > upeo equivalent into the Government account (both dates inclusive) The instruction in this' legard contained in RBI Bombay AD circular No 22 of 18 6 77 should be =tnctly ad- hered to

22 The amount referred to above should be deposited by the Indian Exchange Bank to the credit of the Government of India in the Reserve Bank of India, New Delhi or the State Bank of India, Tis Hazan Branch, Delhi or if this is not feasible, should be remitted by means of a Demand Draft drawn on and in favour of the State Bank of India, TiH Hazan Branch, Delhi, Rupee deposit thould be made in the revised form of the treasury Challan, published as annexure to Public Notice No 74-ITC(PN)/74 dated 315 74, as amended vide Public Notice No 103-ITC(PN )/76 dt 12 10 76 Thereafter the treasury challan evidencing the deposit should be sent by Registered Post to the CAA&A, New Delhi indicating references to and enclosing copies of the, invoice shipping docu- ments and the; Authorisation of that Department to which the transaction relates,

The Indian Exchange Bank concerned shall also ai range to deposit in the same manner such additional amounts on account of service charges as may be demanded by the Government of India, within 7 (seven) days after such demand

The Lmcesce .should also fill in, m duplicate, the Form's incorporated as Annexure II to Public Notice No 1H4-ITC (PN)/68, dated 30th August 19G8 and piesent the same to their bank while arranging for rupee: deposits in accoidancc 'with the procedure pi escribed m the said Public Notice

23 Head of Account for Rupee deposit—Accounts Officer.—The amounts including interest charges to be deposited to the Credit of Government of India -jhall bo creditable under the following Head of Account

"K—DEPOSITS AND ADVANCES—R43 CIVIL DEPOSITS-DEPOSIT FOR PURCHASE ABROAD—DEPOSITS UNDER UK/INDIA MIXED PROJECT GRANT 1977"

and the Controller of Aid Accounts and Audit Ministry of Finance fDFA), Delhi sba'l h> shown as the Accounts Officer who will adiust these credits

24 Release of Bank, guarantee.—After the obligations in terms of the Bank Guarantee and the Letter of Credit Authorisation issued bv the Ministry of Finance are fulfilled, the Indian Exchange Bank concerned (not the importer) can apply to the CAA&A New Delhi in the form laid down as ANNEXURE VI for the release of the Bank Guarantee

VII Report on the utilisation of the Import licence

25 Rjpurting.—A quarterly report, m the form attached as ANNEXURE VII showing the utilisation status of the licence should be furnished on the 15tfa of the month following the quarter to which it relates to the Ministry of Finance Deparment of Economic Affairs, (WEII Sec) New Delhi with a copy to the Con- troller of Aid Accounts & Audit (Department of Economic Affairs') UCO Bank Building Parliament Street, New Delhi.

VIII Miscellaneous

26 Rifunds \rom UK Suppliers.—If any money is received by the liceiicee, ?rom the UK suppliers or a Guarantor (insurance company etc) as a refund or in settlement of insurance claim or otherwise, such amounts should be refunded by the supplier to the concerned corresponded bank in the UK (from which the payment was initially made to the UK supplier) with the instructions to refund the amount immediately, in turn, to CAO London for crediting the Grant Account After the Grant account is so credited, an equivalent ampunt in rupees will be arranged to be refunded to the importer by the Ministry of Finance upon receipt of a claim therefor from the importer If any refund is received after the closure of the Grant the same will have to be made by the supplier direct to the impoits.

1057

n

", ²⁷ ,i?eP°rJl nfif °i Refunds^-As and when anv such refund is leceived a lenoit thereof should be made to the Ministry of Finance with B oopi to the Mimstiy

JS iVon/ication special tuudition., pro^iion., to supp/i i.- The licencco should Sp lr ^i ^ " P P¹^! "* tm\ special pimivums in the- impoit licence which may artect the suppiieis in e a n y i ng out the aansaction

29 Disputp-s—It should be undeistood that the Government of India will not undertake anv le^ponsibihty ±oi disputes li ai.\ that mav aiise between the licensee and i.hr Kuppliei=:

30 Future hittiuclinn —The licensee shall prompth comply with any d n e c- tiuns mstiuctions oi orders issued hv the Goveinmtnt ies?aidm^ any and all matters ansmg from or peitammi; to the lmpoi t HCOIUP and for meeting all obligations undpi the Giant Agieemc-nt

31 Breach of violation—Any breach or violation of the conditions sbt ioith in the ubove clauses will result m appropnate action undei the imports and F^poits (contiol) Act 1947 and thf oideis issued thereunder

IX List of Annetures

1 Anncxure I Notification of Onntiact

2 Annexnie II Contract Ccitihcate

3 Anncxuie II (B) Contiact Certificate (chemicals)

4 Annexinc III f o im of application foi Letter cf t - e d it Authorisation •5 Anncxuie IV Foim oi Bank Guarantee

6 Annexuie V Pajment Ctitificate

7 Annexure VI Foirn of application tor the I elea^e of Bank Guai^ntee 8 Annexure VII Foim fni lepoitm^ Ordenn^ ind Utilisation of the Im- port Licence

ANNEXUKE—1

NOTIFICATION OF CONTRACT

UNITED KINGDOM INDIA MIXED PROJFC 1 GRANT 1977

To The grown Agents lor Overse-i Ho ernments and Ad mnisti ition 4 Mill t n nk London SW 1

PROJECT

Notification of Contiact No

The following are details of a contiact under which it js pioposed that pay- ments shall be made in accoidance with the teims Jnd conditions of the above giant

1 Name and address of United Kingdom Contiactoi

2 Date of Contract

3 Name of Indian Purchaser

4 Shore description of goods

and/oi woiks or services

ments

Signed on behalf of the Government of India

Dete

ANNEXURE^ir

UNITED KINGDOM/INDIA MIXED PROJECT GRANT 1977

CONTRACT CERTIFICATE

ImporL Licence N . •—•—•—— —

i. Dutc of Contract

-•. Contract No. , . ..

3. Description of goodt. or services to be '•upplied to the purcbacei

, ,

< [fanumbti of items are to be supplied, u detailed list ihuutd hr appended to thi\ ctrtiticale)

4. Total contract puce payable by puichjt ei ( tate CIF, C&F or FOB)

II' GOODS ARH TO UK SUPPLIED THE FOLLOWING SECTIONS MUST BE COMPLETED

(If the contractor is exporting a great only., the information lequstod shottld be obtained

from manufacturer)

5. Description ot goods to be supplied to Puce UK Tanft/Trade Code No Purcb.a¹ ei

6. Us ti mated % of the EOB value of tt cjjood^ t 01 ongji atn gir tl c Ui ned Kingdcm, but pur- chased by the Cor tructoi directly trom abroad, 1 e , % ol imported raw material or cijmj:c- i cuts, used 111 manulacturc, (a) % FOB value . . .. (h) Description oi items arid bncl specificutioi s .

7. If any 1 aw matenal or components used ougiratedfiom abroad, e.g. cepper, abbestoSjCOtton,.

wood pulp, etc but have been purcha'edin tl e United K.11 gdom by the Contractor for this contract, spculy ~ (a) % FOB value . . . .. . . .. (bj Description of items and buef specifications .

IF SERVICES ARE TO BE SUPPLIED THE FOLLOWING SECTION SHOULD ALSO BE COMPLETED.

S. State the estimated value of any work to be dor e or services performed HI the purchaser's country by . {aj Your firm (site cngmeeis, (charges, etc.)

.

(b) Local contractoi . . . . .

. . ..

9 Quahlying remarks as recesEary in respec* cf paragrapl -s 6, 7, or 8, above

10. I hereby declare irat I am employed in t) e United Kn gdom by t te Contractor named below ar d have the authoi Hy to sign this certificate I reieby undertake that in performance of the coi 11 act no goods or services which are rot of Ur ited Kirgdom origin will be supplied by tl e Coi tractor otr er than t he L specified in paragraph s fi, 7, 8 ar d 9 a bc e.

Sigr ed Position held Nime and Address of contractor

Date

\"

NOTE' For the purpose of this- declaration the Umtcd Kingdom includes the Channel Island ard thc- Isle of Man,

1059

Contractors shmhl noli: thai I'IIOIA 1J1011II not be manufactured until acceptance has ketn

miti/i d

FOR OFFICIAL USE ONLY

PAYMENTS NAMli OR NUMBER OF PROJECT

•—

Dutr Amoui t No. IntialH

Amount Com'nitted 1") itc if Acceptance Ei'tn — •

Djte TniTiali

ANNIAITRE— II (,B'

UNITED KINt.DOM/TNDIA MIXED PROJKCT GRANT, 1Q77 CONTRACT CERTIFICATE FOR CHEMICALS AND ALLIFD PROJECTS

ONLY

T. Date of Contiact , contract No. Import Liccr oe No . .

Date , , , ,

i Dcscnp ion of Produces) to be Price UK TuiiflT L tf c Pioduct of UK OriRin, supplied to Purchasci (.Nfotc K) Clatuficaiioii 'Sec Note C)

No

'Note V,) "r te 'Yei' or 'No'.

3. Total (T'timuted) Cortrjct Price pujahle hy Purchaser in Stcilirg—

4. I'Dechrrftmn ) rheiern declare Lhat I am employed in t]^e United Kingdom by the Contractor ramed htlow and have the autl'ontj to^ign this certificate, ard that the above in for mation IR COTie^l

Signed Position held Name and Addresi of Contractor . . .

Date

NOTTS

A. T/ is form" in jy to bt u^ed for chemical ard allied producfb which jrc covered by the appro- priate • i'h-1 e,idn n= nf Ct i ptt.3 • f, 25 26-35, i rd 37-40 of tl c UK Tariff B See-

it) HM Cu tomt and Evcice Tariff HMSO

*. ) jl 1 siLifiun of c^cmicll" in BLUBFCIS, Nomenclatuic HA1SO.

C. (*) A productis regarded as oi 'UK origin' if made either vvholly from indigenous U. K materials OR according to the appropriate BFTA, qualifying process using imported materials,wholly or in part.

00 The EFTA qualifying processes are set out in Schedule I of the 'EKTA Compondium for the Use of Exporters', HMSO.

(lii) For the purpose of thiR declaration it is be emphasised tfat the '•alternaijve peri.ent.ipe critenan" DOES NOT APPLY.

(i") The words "Area Origin" where they appear in die above Schedule must he twktn n" n ICJD "UK Origin" only .

(v) For the purposes of this declaration, the "Basic Matenals List" 'Schedule III oi the El TA Compendium) does not apply.

' (w) If a qualifying process IN not listed for the material in quc tioi , advn_t •.) oi'ld be ioiig] t from the Crown agents for Oversea Governments ard Admimstmtioi i-, 4 Millbrit, LONDON SWI.

D. For the purpose of this declaration the United Kingdom includes tjie Channel L Ian Js and it e Isle of Man.

ANNEXURE—III

FORM OF APPLICATION 1'OR LhTTER OF CREDIT AUTHORISATION

To

The Controller of Aid Accounts and Audit, Economic Aid Account Sccrion, Ministry of Finance, (Department of Economic Affairs) UCO BANK BUILDING, Parliament Street, New Delhi.

SUBJECT —Import of

from V K.

under UltllnJia Mixed Project Grant 1977.

Sir,

In conntc.ion with the import of

.

from UK agnnst the above ITK Grant we furnish the following puriiculai¹ 10 1 liable \i vi in 1 M r U-. authorisation for opening a Letter of Credit through our hankers on the IT K Bank dcsigr red by you:—

(a) Particulars of Import Licence.

Vull No & Dace Value CRs ) Date upto which vulil

\b) Sterling value of licence

(^Calculated at the rate of exchange indicated in the import licence b\ the licens>ni; authorities')

(c) Progressive Sterling value of the orders, already placed tin which ] AS have been obtained (A statement of LA nos & Steiling amount to K' enclosed)

(d) Sterling value of the orders placed for which authorisation is required •ptcifjTgth name and address of the UK supplier/suppliers and the amount/s 1 I uinhor^ui- o required separately against each supplier (copy of orders placed and UK supplies acceptance thereof to be attached)

(e) Name of UK Correspondent Bank on whom the Letter of Credit is lo be establish- ed.

IO6I

ANNEX TJRE—IV

POKM Ob HANK ( TUARAN'I FE

To

The President of India, Through Secretary to the Govt ul India Aim slr> of Finance, Department of Economic Affans, New Delhi

Sir,

Ii c ins derat'on of the President of Indiu hereinafter relerrcd to as 'ihe Governmi m' having agreed to arrange for payment m foreign currency ol the price of good-, to he imponed hv

*li)

. individual/partners working under the

name and style of M/s

Cm (ill¹)

. . . .namc(s) & address(s,)]

•Messrs

, .a company having its icgitteied

. m rtic tate of herein- office at . .. after refeircd to as the importers' under "Import L'C;iiee No

. .. dated . , granted Tor . ..

Rupees, We, . . , hoicbj gutvruntec that vve shall arrange deposit to the credit of the Government m the Reserve Bank of India New Dalhi/State Bank of India, FJS llazan Branch, Delhi or by means ol Demand Drait Diawn on and in favoui of State Rank of India, Tis Tlazan Branch, Delhi (for credit to the Central Govern- ment Account) to bi Jorwarded to the said Tis Hajari Branch—

(ij Within seven days ol the receipt nl advice of payment with shipping documents, from the UK Banks, of rupee equivalent of the invoiced puce representing the ttciln g dis- bursements made by the UK Banks, under the letter of credit authousadon issued by Min stry of Finance, at the composite rate of exchange prescribed for tins purpose bv the C C I. & R , side Public Notice No. I5-1TCCPNV72 dated 28-1-72 lead with Public Notice No ToK-I'lC l ' N j 'p dated 21 July, 1972 and No. B-ITC(PN)/7fi dated 17th January 1976 or as notified from tune to time through subsequent Public Nonce or b} the Reserve Bank ol India through Exchange Control Circulais to tl Authorised Dealers in lorcign exchange, nlong with interest theieon at 9 petcei per annum toi the first 30 dijs and at 15° for the period in t u c^ ol 30 davs from the date of payment to UK suppliers to the date of deposit ot mpee equivalent and UK bank charges ("both dates inclusive), as notified in Public Notice No. 4

(Ul Within seven days of the demand by the Government of such additional amount as may he demanded by the Govt as being due on account of service charges.

2 We

undertake to pay to the Government on

demand and without demur such sum not exceeding, . .. . .. rupees {phis {nteren and scrvce chains as aforesaid; as may be demanded bj the Government in the event of the importers tailing or neglecting to make wry of the above mentioned such pay- ments and the decision ot the Government as to such failure Or neglect on the pait of Impoiters and as to the amount payable to the Government by us hereunder shall be final and binding on us.

3' We

agree and undertake not to release ship- ping documents to the Impoiters until after the rupee equivalent as foresaid and the othet ducs3 if any, as demanded by Government aie deposited to the credit of the Government

4- We* • . . ..

. .. agree and undertake not to revoke this

Guarantee during its currency except with the previous consent of the Government in vvntu'g

";. The Guarantee herein contained shall not be affected by any change in the constitution of

by Lhe Ginei "im-m of tlv hhertv wirh reterencc to the amount of aforesaid or any reason of an^ ¹ LIC'T \ai.at on or extension of hmc b o ng g u cn 10 the Importers ol nn\ foibeirance, uct <.r ommis" sion on the part of the Govcrnnu'iil ot any indulgence by the Government to the lmportei or by anv of the m u t t er m things whatsnuvoi which under the law relating to suietic . shall but lei this provision huve ihe effect of so r c kj inn u, . , Bank fiom our such liability

Om 1 ah 1 iv u n J ir ihis binJ/giiararitcc is lestnctcdto Rs

. ..

. W'lus m t u c st und service charges di aforesaid) arid it will

. (Ynomh) . . T97 We aho under- AMMEXURE —V

1063

ANNEXURh—VI

FO R JVt OF APPLICATION T OR RFLEAUH OI BANK GUARANTEE

To

Tt c Controller of Aid Accounts and Audit

Air istry ni Finance,

Department D1 Economic Affairs,

UCO Bank Building,

Parliament Street,

New Delhi.

Sir,

We arc furnishing below detailedlnfoimation on tl e ruj ee dt]_oMt mn.k bj v n disci Lif,e of our obligations under Baik Gumai tec No dated . for an amount of RE. with the request tJ at tl e same n uj be it-leased ind ic- turncd to us.

i T he n a me a nd f u ll a d d r e bb of t he l m p o i t e r ' l i e ei lee on v vl O Fe b e h a lf 0 e h • k ( J U . T HI t ee was fun ished.

2. The Import Licence No , date, value at d bnel dc=c-iiptior i_i tl e t tn n rditie¹ .illived for import tl ercunder.

3. Particulars of the autbomationls) for opci n g Letter oi Cicdit rhtait cd firm tJ L Mil IS- Iryoi Finance,

(a) Letter No. & Date

(b) Amour t of authorisation.

' c) U K. Grant No.

4 Paiticulars of Imports ami rupee deposits nude (to be giver t_paraterj fot ench Ie'fer of Credit Authori satiori).

(a) Partitulais of Lcttcis of Credit opened (N" „ diite, \oli e AI d tl e supplicr'f name).

(b) Invoice No w d dite lelalne to each Letter tl Credit

(c) Amount of imoice (net in -.terlirg).

(d) Amount ol mpee deposit.

(c) Relative challar No. & dale ai d il ename of Tieaturj Bark

(I) Ii by deirnnd draft. No & dutc of tl e derrui d drrit rnd tl e No ard date cf.tr t. Letter witli, winch the draft was sent to tl e State Bark ol India, Delhi.

5. Amount utilised ai d babi ce ui utilised(=teil 1 g n od I etici ct Cicd t j4i 1] n i ' i t mr

II. We certify that —

(t)* That balance amount o1 £ vavailable in the authorisatioi (s) given by the Ministry of Fu ai ce has not been uti]iied/willi tt beulili^td

or

No letter of credit was opened under the authonsntioi (E) Jup'-ed

or

The letter of credit was opened against the authorisation leUei^; expired ui uhlredai d

(,2) Our obligations under the bank guarantee in question ha\c been du]\ dischniRed.

III. We lequested that the bai k guarantee miy plca=c be releastd and ieiun ed to us for cancellatioi

Yourt iwthfully

Authorised Agent for and on bahall of the Bank.

•Whicheveiis- applicable.

AMNEXTTRF—VII

FORM OF UTILISATION RKPORT IN RESPECT OF U.K./INDIA MIXED PROJECT GRANT 19-7.

Ulihsation Report for the penod ot rst April to 30th June

1st July to 30th September lit October to 3istDecembei TMjun to 31st March.

The portion, not applicable will be deleted The report will be lendeied and availability at the ei d of the quarter by trie 15th ol the morth follnwir g tl;e quarter. 1 to be furnished separately in respect ci~ ejeh licerce)

1. Name of the Importing Firm 2. Particulars of U K, Graiii 3 No. & Dare of the Impmt Licence No &Date Value in

C01 tract £

No. & dateL/Ai^ued by CAA or of trans- mission to CAO for approval oi ODA.

& the n ame ofsupplier

•1 Value of tlielmpoitLicence, (Bothm rupees & Sterling)

5 Value of the complete contact! ng documcrts ( i, foiwurded i>n far to t ie Ministry ol (n) FinanceCPIcjiepive detiil<: of Con ti act No¹- (m'j c& value issued by Cottioilet nl Aid Accourtijj.

TOTAL

Total amoui t paid in f< Payments made to rl e U K Suppliers (Up-

steilirg to-Date)

Name of Suppliers

1065

io67

1069

1071

1073

1075

1077

1079

io8r

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N1W DHLHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DH1LHI, 1 9 77