The Gazette of India
EXTRAORDINARY
PART D—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 314] NEW DELHI, TUESDAY, JULY 11,1982/SRAVANA 5,1904
Separate paging is given to this Part in order that it may be filed as a separate
compilation
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(tf)JMINISTRY OP COMMERCE
ORDER
New Delhi, the 27th July, 1982
EXPORT TRADE CONTROL
S,O. 530(E)/No, E(C)O, 1977/AM(245).—In exercise of lie powers con- ferred by Section 3 of the Imports and Exports (Control) Act, 1947 ('8 of 1947), the Central Government hereby makes the following Order further to amend the Exports (Control) Order, 1977, namely:—
1. This Order may be called the Exports (Control) Sixteenth Amend-
ment Order, 1982.
2. In OGL. 3 of Schedule III to the Exports (Control) Order, 1977, against S. No. 68, the existing conditions in Col. 4 shall be substi- tuted by the following :—
"(0 Export of products, other than imitation zari, will be allowed subject to the condition that the f.o.b. value of the product should bo at least 33-1/3 per cent (Thirty three and one-third per cent) more than the International price of silver content in the product to be exported. The international value of the silver for this purpose will be ascertained by the Customs Authorities having regard to the prevailing price of silver in London or New York whichever is higher, on the date of export.
(il) Export of Imitation Zari will be allowed provided the silver con-
tent does not exceed 5 per cent by weight in the product.
(ili) Export on consignment basis will not be allowed."
[File No. 21/13/81-FI1
MANI NARAYANSWAMI, Chief Controller of I&E