The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 251] NEW DELHI, THURSDAY, DECEMBER 22, 1977/PAUSA 1, 1899
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF COMMERCE PUBLIC NOTICE EXPORT TRADE CONTROL New Delhi, the 22nd December 1977
SUBJECT.—Export of Cotton Yarn during 1977.
No. 35-ETC(PN)/77.—Attention is invited to the Ministry of Commerce Public Notice No. 30-ETC(PN)/77 dated the 31st October, 1977 regarding export of cotton yarn during 1977 against pre-ban commitments
2. In the said Public Notice it has been laid down inter alia that exports of cotton yarn against which firm contracts have been entered into on or before the 8th August, 1977, will be allowed provided the contracts were supported by irrevoc- able letters of credit opened against such contracts on or before 30th September, 1977.
3. On a review of the position, it has been decided that contracts against which advance payment had been received on or before the 30th September, 1977 should also be considered on par with those covered by irrevocable letters of credit under the said Public Notice, provided that all the other conditions stipulated in the said Public Notice dated 31st October, 1977 are satisfied Effect will be given to this decision to the same extent and from the same considerations that applied under the said Public Notice No 30/77 to irrevocable letters of credit
4. The concerned exporters should produce to the cotton Textiles Export Pro- motion Council (TEXPROCIL) Bombay the bank certificates evidencing receipt of advance payment against the contracts in question while approaching the said Council for necessary authorisation for export
I57S THE GAZETTE OF INDIA EXTRAORDINARY PART I—-SEC. 1