REGISTERED No D. (D.)-72
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 122] NEW DELHI, WEDNESDAY, 2 JULY, 1980/ASADHA 11, 1902
Separate paging is given to this Part in order that it may be filed as a separate
compilation
(507)
366 GI/80 - 1
508 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. I] 509 510 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 511-5^ - = . _ _ -_ _, T H^ A Z E T TE O F J N D I AJ EXFRAORD1NARY [PART I_SEfc. 1]
513MINISTRY OF COMMERCE
(Department of Commerce)
Public Notice No. 24-lTC(PN)/80
New Delhi, the 2nd July, 1980
IMPORT TRADE CONTROL
Subject M.icuising conditions in respect of public sector im- ports under the Japanese Grant Ait! of Yen 2.69 Billions for 1979-80.
No IPC/23/3/80.—The t-eims and conditions governing the issuance of import licences to the public sector under- takings under the Japanese Grant Aid of Yen 2.69 Billion (Yen 2,687,563,000) for 1979-80 as given in Appendix to this Public Notice are notified for inforrnution.
Append!* to Ministry of Commerce Public .Notice No. 24-
ITC(PN)/80 dated the 2ml July, 1980
I iccn=ing Conditions in resjwet of Puhlic Notice Sector im- ports under the Japanese Giant Aid of Yen 2 (>') Billion
(Yen 2,687,563.000/-) for 1979-80 extended hj ihe Government of Japan
Section I—General Conditions :
Tlil The Japanese Grant Aid of Yen 2 f>9 li'Mion i K-ndrA hy the Government of Japan is untied in fjvmr i f ()E(. D and developing countries. Accordingly the uomirux II'LS a>irl services incidental thereto to he piociued under (his Grfuil Aid can be impoited from Japan and all count! ics cri'm"iated
514 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]in the list at Annexure-I which will be the eligible source countries under this Grant. The list of eligible commodities that can be imported under this Grant Aid is at Anne.xure-H.
Kii) The licence will bear the superscription "Yen 2.69 billion Japanese Grant Aid for 1979-80". The licence code for the first and second suffix will be "S/JN". These will also be repeated in the letter from the CCI&E foiwaiding the impoit licence.
I(iii) No remittance of foreign exchange will be permitted against the import licence, except bank charges which may bo remitted through normal banking channels. Any payment towards Indian Agent's commission should be made in Indian rupees to the agents in India. Such payments however, will form part of the licence value and will, therefore be charged to the licence.
I(iv) The import licence will be issued on CIF basis with an initial validity of 12 months. For extension of the vali- dity of the licence, the licensee should approach the licensing authority concerned who shall consult the Department of Economic Affairs (Japan Section) in the matter.
I(v) Firm order must be placed on C&F bnsis on the over- seas suppliers located in Japan and in other eligible countries mentioned in Annexure-I and sent to tha Under Secretary, Department of Economic Affairs (Japan Section), Ministry of Finance. North Block, New Delhi, (within 4 months from the date of issue of the import licence). "Firm Orders" means purchase orders placed by the Indian licensee on the Over- seas supplier duly supported hy order confirmation by the latter or purchase contract duly signed by both the Indian importer and the overseas supplier. Orders on Indian Agent1! of Overseas suppliers and/or order confirmation of such Tndian Agents are not acceptable.
should be obtained soon after the date of issue of the import licence.
ri(iii) Eligibility of Supplier
The supplier shall be a national of the eligible source countries, or a juiidicnl person registered and incorporated in the eligible source countries. Section HI
The following provision should be specifically incorporated
in the supply contract:—
HKi) The contract is arranged in accordance with the Agree- ment dated the 18th March, 1980 between the Governments of India and Japan concerning (he $rant Aid of Yon 2.69 billion for 1979-80 "and will be subject to the approval of Government of India".
Illfii) Payments to the overseas suppliers shall be made through an 'Authorisation to pay CA/P) which will be issued by the Controller of Aid Accounts and Audit, Ministry of Finance, Department of Economic Affairs, UCO Bank Build- ing, Parliament Street, New Delhi-110001 in favour of the Bank of India, Tokyo under the Japanese Grant Aid for 1979-80.
ITTfiii) The overseas suppliers agree to furnish such infor- mation and documents as may be required by the Govern- ment of India on the one hand and the Government of Japan on the other.
IIKiv) Where Suppliers are located in Japan, they agree to make shipping arrangement in consultation with the Em- bassy of India, Tokyo and ihat for this purpose they would keep the Embassy of India, Tokyo informed of the delivery schedule of the goods involved and notify the Embassy of India, atleast four weeks in advance of the shipping required so that suitable arrangements should be made. In exceptional cases, where the importers require this period of notice may be reduced. The Japanese supplier should also agree to send a cable advice to the importer after each shipmnet giving the necessary details and a copy thereof should be sent to the Embassy of India, Tokyo,
TIT(v) A certificate in the form indicated below —
"T (we) hereby state that my (our) Company has been registered in ^eligible source country) and is governed by nallonais of ihe eligible source countries or juridical persons registered and incorporated in the eligible source countries,"
should be obtained from the overseas supplier or it should be got incorporated in Ihe contract itself.
Section IV—Contract Approval by Government of India i
T(vi) This condition of the placement of contracts within 4 months peTiod will be treated as not having been complied with unless complete contract documents reach Ihe Ministry of Finance, Department of Economic Affairs, Japan Section, within four months from the date of issue of the import licence. If firm orders as explained in para 1CV) above can- not be placed within 4 months for valid reasons, the licensee should submit the import licence to the concerned licensing authorities giving reasons why ordering could not be com- pleted within 4 months. Such requests for extension in the ordering period will be considered on merit by the licensing authorities who may grant extension upto a further maxi- mum period of 4 months. If however, extension is sought beyond 4 months from the date of issue of this imnorl licence, such proposals will invariablv be referred by the licinsing authorities to the Department of Economic Affairs (Japan Section), Ministry of Finnnce. North Block. New Delhi who will consider such extension on the merits of ench case and communicate their decision to the licensing authorities for communication to the licensee.
In fixing (he terminal date for shipment it should be noted
that this date should not be beyond H-3-19S1.
Section II—Special points to be kept In view while negotiating
a supply contract:
ITfiXa) The C&F value of the contract should be expressed in Yen or US Dollar or Pound Sterling without fraction less than one Yen, one Cent or one Penny and should exclude Jndinn Agent's commission, if any, which should be paid in Indian rupees, Tn no circumstances the contract value should be expressed in Indian rupee or in iny other currency The FOB cost and freichf amount may be shown separately but it should be clarified in the contract whether the freight charges will be pavabie on actual basis or whether the freicht charges indicated in the contract would be the amount pny- able irrespective of the actual charges.
(b) The contract should nrovide for payment on cpsh basis I.e. on presentation of ifyinlnn documents by the Japanese Suppliers to the Bank of India, Tokyo.
(c) The purchase order and the supplier's order confirma-
tion should be in English only.
TT(ii) Oniv nnc contract should be entered into ajninst the import lii-cncn. Tn pxccntionai rates more fhin nnc rcntvFirt mav be Permitted to br- entered ii-fo for which prior nnprovni of the Department of Tronomic Affairs, Ministry of Finance, IVfi) As soon as the orders are finalised, the licensee should forward to the Under Secretary (T.), Department of Economic 'Vffairs, Ministry of Finance, North Block, New Delhi 4 copies of the contract duly signed by both parties or pur- chase orders by the Indian importer placed on the oversew supplier supported by order confirmation in writing by the overseas supplier or their photo copies complete in PII res- pects together with two photo copies of the relevant valid import licence as also two copies of the "Request for issue of A/P" in the form at Annex. III. The above procedure will also apply to all contract amendments causing essential modifications to the contents of contracts or in its price.
IV(ii) If the contract documents "Request for issue of A/P" and other connected documents nre found to be in order the Ministry of Finance (Department of Economic Affairs) Japan Section will approve the contract and will arrange 1o send one set of the documents mentioned in (i) above eacli to the CAA&A and the Embassy of India, Tokyo.
TV(iii) On receipt of the documents menti'Vied at (ii) above the Controller of Aid Accounts & Audii Department of Fconomic Affairs, Ministry of Finance. UO "' Bank TUiildme, Parliament Street. New Delhi-110001 will i% ue an 'Authori- sation to Pay' (A/PI to the Rank of India. Tokyo in the form at Annexure IV for making payment to the ovprveas nirmlier. Ponies of the A/P will be endowed tn the Emrussv nf India, Tokyo, the importer, importer's Bank in Tndin and Tnrmn Section. Department of Economic Affairs, Minlstiy of Finance,
515IV(Iv) On receipt of the Authorisation to Pay (A/P) Hie Bank of India, Tokyo will intimate the fact of this receipt to the supplier under intimation to the Government of Japan Embassy of India, Tokyo, the importer' bank in India and the CAA&A.
lV(v) The foieign supnlier shall, after affecting shipment present through his bankets the documents specined in Ihe A /P to Ihe Bank of India, Tokyo. If the i.ocumenK me lound to be in ordei, the Bank oi India, Tok>.> will itleasc the amount specified in Lhe documents to Ihi; Supplici through his bankers.
IV(vi) Banking charges payable lo the Bank of India, Tokyo for advising the A/P and for arranging payment to the overseas supplier shall be settled by the concerned imported Bank in India by remittances to the Bank of India, Tokyo through normal banking channel without affectinii the Gov- ernment of India's account.
Section V—Responsibility for rupee deposit:
V(i) The original negotiable shipping documents will be invariably forwarded by the Bank of India, Tokyo, to the concerned importer's bank in India which would be a bianch of the State Bank of India or any of tho nationalise.! Banks as mentioned in (O) in Annexure III who should release these negotiable set of documents to the impoiter concerned only after ensuring that the rupee equivalent of the Yen, US Dollar/Pound sterling Payments made to the supplier along with interest charges thereon in cases where payable cal- culated at the rate of 9 per cent per annum for the fust thirty days and at 15 per cent for the period in excess thereof re- ckoned from the date of payment by the Sank of India, Tokyo to the foreign Suppliei to the date of actual rupee deposit, is deposited into Government of India account in terms of the Public Notice No. 46-ITC(PN)/76 dated 16-6-76. The interest is payable for both the days i.e. the day on which payment is mado to the supplier and also the day on which rupee deposits is made into Government account vide Public Notice No. 74-TTC(PN)/74 dated 31-5-1974 as modified under Public Notice No. 103-ITC(PN)/76 dated 12-10-1976. The exchange rate to be adopted for computing the rupee equiva- lent of the Yen/LJS $ / £ .. Payment will be the prevailing com- posite rate of exchange as laid down in CCT&Ii Public Notice No. 8-ITC(PN)/76 dated 17-1-1976 or us may be notified by Government from time to time through Public Notice of the CCI&E or through Exchange Control Circulars of fh. Reserve Bank of Trrfia. Any change in this regard as also in regard to the rate of interest will be notified as and when necessary. It will be the responsibility of the Indian Bank concerned to ensure that tho amounts due are correctly depsited into Gov- ernment Account before the import documents are handed ovei to the importers. The licensee should also ensure that the amounts due are correctly denositcc'1 into Government account before taking delivery of the documents from their bankers. The Head of Account to which the above rupee deposits should be credited is "K-Depositg and Advances-843- rivil Deposits-Denosits for purchases etc., abroad-purchase Grant Aid from the Government of Japan" for 1979-80 (Yen 2.69 billion Grand AM-D"bt-relief).
V(ii) The amount referred to above should be deposited in cash to the credit of the Government either in the Reserve Bank of Tndia, New Delhi or State Bank of India, Tis Hazari, Delhi, or if this is not possible it should be remitted by means of a demand draft obtained from any branch of the State Bank of India or its subsidiaries or any one of the Nationalised Banks (drawer! drawn on and made payable to tho State Bank of Tndia, Tis Hazari Branch, Delhi-6 (drawee and Payee) for credit to Government account as contemplated in Public Notices No. 184-TTC(PN)/6R dated 30-R-1968. No. 233-ITC(PN")/6R dated 24-10-6R and No. 132-TTC(PN)/71 dated 5-10-1971. No 74-TTC(PN)/74 dated 31-5-1974 ant' No. 1O3-ITC(PN)/76 dated 12-10-1976.
particulars should invariably be furnished in the treasury Challans :
(a) Ministry of Finance 'A/P' (Authorisation lo Pay)
No. aDd date.
(b) Amount of Yen Cunency in respect of which deposits
are to be made together with rate n conversion adopted.
(c) Date of payment to the foreign supplier.
(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 pctijd from tho date of payment to the supplier upto and uiclusivo of the date of deposit of rupee equivalents into Government Account).
Thereafter the Treasury Challans evidencing the rupee deposit should bo sent by registered post to Ihe CAA&A indicating reference to the A/P issued by him and also enclosing copies of invoice and shipping documents,
Note.'—Importer's Banks in India should ensure that tho rupee deposits arc invariably made within 10 days of the receipt of the advice of payments and nego- tiable shipping documents from the Bank of Tndia, Tokyo and that the CAA&A, Ministry of Finance (DEA), New Delhi is kept informed of the fact Jmmedaitely thereafter.
V(iv) The concerned bank in India should also endorse tho amount of rupee deposits on the exchange control copy of the licence and send the requisite "S" Form to the Reserve Bank of India, Bombay.
Section VI—Miscellaneous provisions:
VI(i) Rcpoits on the utilisation of the impoit licence:
The importer should send a monthly rcpoit, afLcr the A/P has been issued regarding shipments' and payments mado (here agains-1 and about the balance left, to the Controller of Aid Accounts & Audit, Department of Economic Affairs, Ministry of Finance, UCO Bank Building, Parliament Street, New Delhi.
Vf(ii) Notifying Suppliers of Special Conditions:
The licensee should apprise the supplier of any special pro- visions in the import licence which may affect the supplier! in carrying out the transaction.
VKiii) Disputes :
It should be understood that the Government of Tndia will not undertake any responsibility for dispute, if any, that may arise between the licensee and the suppliers. The conditions to be fulfilled by the supplier before payment by the Bank of India, Tokyo must be clearly spelt out by the importer in Annexure I under "Terms of Payment". Provision dealing with a settlement of disputes bo included in the condition of contract.
VI(iv) Future Instructions :
The licensee shall promptly comply with any directions, instructions or orders issued by the Government of India from time to time regarding any and all matters arising from or pertaining to the import licence and for meeting all obligations under the Grant Aid for 1979-80 from Japan.
VI(v) Breach or violation :
Any breach or violation of the conditions set forth In tho above clauses will result in appropriate action under the Im- ports and Exports (Control Act).
VT(vi) List of Anncxures :
Annexure T—List of eligible source countries.
Annexure II—List of eligible commodities.
Annexure Til—Form of Request for issue of Authorisatioj
to Pay (A/P).
Annexurc TV—Form of letter of Authorisation to Pay
516 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
ANNEXUREI Ziiiie Republic
Zambia
IRcf. Section I—Para l(v)]
(1) Formerly the territory of Spanish. Guinea, including
List of Eligible Source Countries the island of Fernando Po.
A. OECD Countries (2) Including the following island : Ascension, Tii.stan
AuiLralia da lnacccssibles, Nightingale, Gough.
Austria (3) Main islands, Aruba, Bonaire, Curacao, Saha,
Belgium St. Eubtacit St. Martin (Souihern Part).
Canada
Denmark III. America, North and Cent.
I 'inland Bahamas
Francem Barbodoses
The Federal Republic ol Germany Belize
Greece Bermuda
Iceland Costa Rica
Jrcland Cuba
Jtaly Dominican Republic
Japan El Salvador
Luxembourg Guadeloupe
the Netherlands Guatemala
New Zealand Haiti
Norway Honduras
Portugal Jamaica
Spain Martinique
Sweden Mexico
Switzerland Netherlands A tilles
Turkey Nicaragua
the United Kingdom and Panama
the United States . St. Pierre & Miquclon
Trinidad and Tabago
B. Developing Countries & Territories
WeM Indies (Br.) n.ie.e.
(b) Non-O.P.E.C. Developing countries fa) Associated States (1)
T. Africa North of Sahara (b) Dependencies (2)
Egypt IV. America, South
Argentina
Morocco
Bolivia
Tunisia Brazil
Chile
JI. Africa, South of Sahara Colombia
Falkland Islands
Angola French Guyana
Botswana Guyana
Burundi Paraguay
Cameroon Peru
Cape Verde Islands Surinam
Central African R ac Uruguay
Chad V. Asia, Middle East
Comoro Islands Bahrain
Congo, People's Republic of Dahomay (l)
Israel
Equatorial Guinea
.Tordan
Ethiopia
Gambia Lebanon
Ghana Oman
Guinea Syrian Arab Republic
Ivory Coast United Arab Emirates (3)
Kenya Yemen Arab Republic
Lesotho Yemen, People's D.R. (4)
Libcna VI. Asia, South
Malagasy Republic
Afghanistan
Malawi Bangladesh
Mali Bhutan
Mauritania Burma
Mauritius Maldivis
Nepal
Moozambique
Pakistan
Niger
Sri Lanka
Portuguese Guinea
Reunion "WT. Asia, Far East
Rhodesia Btfrnei
Rwanda Hong Kong
St Helena and Dcp (2) Khmer Republic
Sao Tome and Principe* Korea, Republic of Laos
Senegal Macao
Seychelles Malaysia
Sierra Lermo Philippines
Somalia Singapore
Sudan Taiwan
Swaziland Than and
Terro. Afars and Issaa Tftner
Tago Vietnam Rep. of
Uganda Viet-Nam Dem Rep.
Un. ReD. of Tanzania
Upper Yolta
517
"• (1) Main islands : Antiguia, Dominica, Grenada, St. Kilts (St. Caristephe), NcviVAnguilhi, Si. Lucia mid St. Vincent.
(2) Main inlands; Montsetrant, Cayman, Turks and
Caicos, and British Virgin Islands,
(3) Ajman, Dubai, Fujaimh, Riis-ai Khaimah, Shaijah
and Umm-al Quaiwnin.
(4) Including Aden and Vi! ious sultanatts and emirates.
(5) Comprising the Society feisjids (including Tehj'li.) The Austral Islands, the Tiftraotu-Gainbior Gioup and the Marquesas Islands.
(6) Trust Territory of the Pacific Islands, Caroline Islands, Marshall Islands, and Marine Islands (except Guam).
VIII. Oceania Cock Islands Fiji Gilbert & Ellicc Is. French Pelvncsia (5) Nauru New Caledonia New Hcb rices (Br. and Fr.) Hieu Pacific Islands (US) (6) Papua New Guinea Solomon Inlands (Br.) Tango Wallis and Futuna Western Samoa
IX Europe
Cupnis Gibiaiter Greece Malta Spain Turkey Yugoslavia
Algeria Bolivia Libyan Arab Republic Gabon Ecuador Venezuela Iran Iraq Kuwait Ouatar Saudi Arabia Abti Dhabi Indonesia Nigeria
ANNEXURE IT
Eligible Commodity List
1. Rolls
2. Steel including special stetl & alJoy steel.
3. Components, attachments and spares for manufac-
ture of trucks and tractors.
4. Chemicals.
5. Spares, components and raw materials for Indo-
lapanese Joint Ventures.
6. Components, attachments and spares for power
tillers.
7. Machinery, components, attachements, spares and
raw materials.
8. Machinery and equipment for the National Small
Industries Corporation of India,
9. Machinery and equipment for the Bombay High
Offshore Development Project.
10. Fertilizer and such other items as may be mutual-
ly agreed upon.
ANNEXURE III
"Request for Issue of the Authorisation to I'ny"
NO.
To
The Controller of Aid Accounts & Audit, Ministry o£ Finance, Department of Economic Affairi, UCO Bank Building, 1st Floor, Parliament Street, New Delhi-] 10001.
Subject :—Import from Japan under the Japanese Grant
Aid of Yen 2.6 billion for 1979-80,
Sir,
In connection with the Import from Japan under the above mentioned Grant Aid, we furnish the following parti- culars to payable you to issue the A/P to the Bank of India, Tokyo in favour of the Supplier concerned :—
(a) Name and Address of the Indian Tmportei.
(b) Number, date and value of the import licence and
date upto which it is valid.
(c) Method of procurement—whether it is based on dhect purcha.se or Formal open International tendering in which case it should be indicated whether the con- tract has been awarded, on the basis of technically suitable offer with reasons, if any.
(d) Brief description of ih.c goods,
(c) Origin of the good*.
(f) Gross C&F value of contract (m Yen).
(g) Amount of Indian agents commission (in Yen), if
any, payable in Indian rupees.
(h) Net C&F value (in Yen) for which the A/P is re-
quired,
(i) Name and date of the contract with Suppliers.
(i) Name and Address of the supplier and attach an eli-
giblity certificate (in duplicate).
(k) Payment teims and probable dales on which payments
under the contract will fall due.
()) Expected date of completion of deliveries.
(m) Documents to be presented at the time of payment to Bank of India, Tokyo (indicating No. of sets of each and their disposal).
(n) Shipment instructions (indicate if transhipment ^part-
shipment permitted or not permitted),
(o) Name and Address of the Importer's Bank in Tndia.
(p) Whether a contracl(s) under the same licence has been placed and if so, the No, date and value of such contract.
Yours faithfully,
ANNEXURE IV
No
GOVERNMENT OF INDIA MINISTRY OF FINANCE
(Department of Economic Affairs)
New Delhi, the
To
The Bank of India, Tokyo Branch Tokyodapan)
Sub :—Import under Japanese Grant Aid for Yen 2.6 billion
Issue of Authorisation to pay.
Dear Sirs,
In accordance with the terms fnd d>nditions of the- agree- ment dated 13-3-1979 entered into with your Bank, you are hereby authorised to pay an amount not exceeding Ye"- -
— — • — • — to M / s. — —_ _J
( as p er d e t a i ls
riven in the Appendix).
518 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I - S E C . - I]2. Please advise the Suppliers of the fact of receipt of this authorisation to Pay (A/P) and endorse a copy of this advice to the Government of Japan, Importer), Bank, Embassy of India, Tokyo and this Ministry.
3. Payments to the suppliers in terms of the A/P will be made on the basis of shipping documents etc. as indicated in the Appendix.
4. The banking charges including charges for handling documents payable to yoii'by the-importer will bo settled by the Embassy of India Tokyo/Impoitcrs Bank.
5. As and when any payment is made by you on the basis of shipping documents etc. presented by the supplier, an advice in the prescribed form should be sent to this Ministry anil the importer's bank.
6. No amendments to A /P may bo issued in the absence
of a specific authority from this Ministry.
7. The A /P will remain valid u p l o—
.
Yours faithfully, Accounts Officer.
Copy forwarded to :—
1. Importer— with reference to
their letter No. dated .
2. Importer's Banker
they are requested to arrange to deposit the rupee equivalent of the Ycu/US $/ £, payment to the overseas suppliers on receipt of documents from the Bank cL India, Tokyo Branch. The rupees equivalent of amount disbursed to the overseas suppliers will have to be calculated by applying the composite rato of conversion as prevailing on the date of payment to Overseas Suppliers in accordance with the Public Notice No. 8-ITC (PN1/76 dated 17-1-1976 or such other Public Notices as may be issued from time to time. Interest ® 9 per cent per annum for the first thirty days and at the rate of 15 per cent per annum for the period excess thereof reckoned for the period between the date of payment to the supplier and the date on which the rupee equivalents are depovited into the Government Accounts is required to be deposited into the Govcrnmeiht of India account in terms of Public Notice No. 46-ITC(PN)/76 dated 16-6-1976. The interest is payable for both the days i.e. the day on which payment is made to the overseas supplier and aJso tho date on which rupee de- posit is made into Government account. (Any change in this rate will be intimated if and when made). It should be en- sured that these deposits arc made before tho original set ot import documents are handed over to the importer for Customs Clearance.
These amounts should be deposited either with the RBI, Now Delhi or the S.B.I., Tis jHazari, Delhi or remitted by means of a Demand Draft obtained by them from any Branch of the S.B.I, or its subsidiaries or any one of the Nationalised Banks (.Drawor) drawn on and made payable to the S.B.I., Tis Hazari, Deihi-6 (.Drawee and Payee). Tn this connection their attention is also invited to the provisions of the- Public Notices No. 233-TTC(PN}/68 dated 24-] 0-196-8, No. 132-ITO (PN)/71 dated 5-10-1971, No. 74-ITC(PN)/74 dated 31-5-74 and 103-±TC(PN)/76 dated 12-10-1976. The head of Account to be credited is 'K-Dcposits & Advances-H43-C1VIL Deposit for purchases etc. abroad Purchases under Grant Aid from the Government of Japan for 1979-80—(Yen 2.6 billion Grant Aiil-Dcbt Rolief).
One copy of the chalJan la original, in cases where the rupee equivalents arc credited in cash at the RBI, New Delhi or the SBT, Tis Hazari, Delhi as prescribed in Public Notice No. 132-±TC(PN)/71 dated 5-10-1971 should be sent by them to the address given below alongwith a forwarding letter giving full details of tbe advice notes received from the Bank of India, Tokyo Branch.
The Controller of Aid Accounts & Audit, Ministry of Finance (Department of Economic Affairs), 1st Floor UCO Bank Building, Parliament Street, New Delhi.
In cases where the rupee equivalents are remitted by means of demand drafts as laid down in the Public Notice dated 24-10-1968 mentioned above, intimations thereof should be sent to the address given above. In nil cases, full particulars of tho rupee equivalents deposited alongwith the amount of interest paid and the period for which interest has been cal- culated should bo furnished to this Department.
Tho banking charges, of the Bank of Indij, Tokyo Branch, including charges of the overseas suppliers bankcis, if any, should bo settled directly between the Indian Bank and the Bank of India, Tokyo Branch.
4. Embassy of India, Tokyo.
5. The Under Secretary fTA) Ministry of Finance, Depart-
ment of Economic Afjfairs, New Delhi.
Accounts Officer,
MANI NARAYANSWAMI, Chief Controller of
Imports and Exports.
PRINTED BY THE MANAGER, QOVT. OF INDIA PRESS, RING ROAD, NEW DELHI-110064
AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054. 1980
- ; their bankers that tho information prescribed in oara 2 of Public Notice No. n2-TTC(PNV7I Hated 5-10-1971 and nlso in Public Notice No. 74-TTCrPN)/74 dated 31-5-1974 read with Public Notice No. 103-TTCYPN1/76 dated 12-10-1976 is invariably indicated in the column "full particulars of remit- tances and authoirty (if any)" of the challan. The following 366 GI/80—2 ↩