The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 169] NEW DELHI, MONDAY, SEPTEMBER 1, 1980/BHADRA 10, 1902
Separate paging is given to this Part in order that it may be filed as a separate compilation
656 THE GAZETTE OF INDIA : EXTRAORDINARY [PART 1—SEC. I]MINISTRY OF COMMERCE
Public Notice No. 54—ETC(PN)/80 Now D;lhi, the 1st September, 1980 EXPORT TRADE CONTROL
f.No. 32(10-80-EH-—Attention is invited to the Export
Policy of Chloroquine Phosphate formulations as indicated against S.No. 49(16) on page 18 and S. No. 81 of OGL-3 appear- ing on page 83 of Export Policy book for April 1980 March 1981, according to which export of Chloroquine Phosphate formula- tion is allowed under OGL-3 against import of bulk Chloro- quine Phosphate under advance licence to the extent of F.O.B. value indicated in the licence,
2. On a review of the position, it has also been decided to allow export of Chloroquine Phosphate manufactured from indigonous Ctdoroquine Phosphate, subject to the condition that the indigenous raw material i.e. Chloroquine Phosphate used in the manufacture of the product exported shall be reple- nished by import within a period of six months from the ante of export. The licensing authorities will allow the export by issuing an import licence to the exporter on his furnishing a bond undcrtfking to import Chloroquine Phosphate for C1F value equal to 30% of the FOB value of Chloroquine Phosphate formulations to be exported. The bond sh" 11 be supported by a ban guarantee for an amount equal to 15% of the t OB value of the product to be exported. If the exporter fails to import the material within the stipulated perk d the bank guaran- tee shall be liable for ferfeiture without piejudiu to any uber action that may be taken under the Impoit*, ond txpoit'. (Ccn- trol) Act, 1947 and the ordets issued thereunder. Accordirglj, the bond will be redeemed on production of documentary evidence to show the import of Chloroquine Phosphate if the requisite value within the prescribed period.
3. Accordingly, the existing entry appearing against S.No.
49(16) shall be substituted by the followings : -
Description of the Licensing Policy
item
S.No. as in Part 'fl' of Schedule I.
2
3 1
49(16)
Chloroquine Phos- phate formulations
(i) Chloroquine Phos- phate formulations manufactured out of imported bulk drug (Chloroquine Phos- phate) will be allow- ed as provided under OGL—3
(ii) Export of Chloro- quine Phosphate t'oi- mulations manufactu- red fiom indigenous Chloroquine Phos- phate may also be allowed by the licens- ing authorities to those exporters who undertake to impoit Chloroquine Phos- phate according to the policy laid down.
MANI NARAY\NSWAMI, Chief Controller of Imports & Exports.