The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 15] NEW DELHI, THURSDAY, JANUARY 15, 1981/PAUSA 25, 1902
Separate paging is given to this Part in order that it may be filed as a separate
compilation
40 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]MINISTRY OF COMMERCE
New Delhi, the 13th January, 1981
EXPORT TRADE CONTROL
Public Notice No. 8-ETC(PN)/81
Subject : Fxport of Chloroquinc Phosphate Formulations manufactured out of indigenous bulk drug "ChlOroquine Phosphate "against reple- nishment by import of bulk drug after export—Furnishing of Legal undertaking in lieu of Bank Guarantee.
F. No. 32/10/80-E. 11.—Attention is invited to the Public Notice No. 54-
ETC(PN)/80 dated the 1st September, 1980, on the above subject.
2. According to the provisions contained in paragraph 2 of the aforesaid Public Notice, the exporters are required to furnish a bond/undertaking to import Chloroquine Phosphate for a c.i.f. value equal to 30% of the f.o.b. value of the formulations to be exported and the bond is required to be sup- ported by a bank guarantee for an amount equal to 15% of the f.o.b. value of the products to be exported.
3. On a review of the position, it has been decided that instead of furnish- ing a Bank Guarantee in support of the bond equal to 15% of the f.o.b. value of the product to be exported, the exporters may furnish a legal undertaking to import the requisite quantity of chloroquine phosphate withinthe stipulated pericd of six months from the date of export of the formulations.
4. All other conditions contained in Public Notice No. 54-ETC(PN)/80
dated 1-9-1980 shall remain unchanged.