Date: |
01-09-2017
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Notification No: |
TRADE NOTICE NO. 16/(2015-2020)
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Issuing Authority: |
DGFT
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Type: |
Trade Notice
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File No: |
F. No.01/93/180/08/AM-18/PC-2(B) |
Subject: |
Directions to Bank
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Government of India Ministry of Commerce & Industry Directorate General
of Foreign Trade
(Trade Notice No. 16/2015 – 2020)
Udyog Bhawan, New Delhi Dated: 01st Sep, 2017
To:
1. All IEC holders/applicants 2. All EPCs / All Chambers of
Trade and Industries 3. FIEO/ASSOCHAM/CII 4. All RA’s of DGFT
The Algerian Government vide their Notification N.Ref: 421/2017 dated 4th
July, 2017 has issued directions to their banks to suspend all direct debit
instructions for import of following food products and food preparations:
(i) Food preparation products (sauce, ketchup, mayonnaise);
(ii) Food
products (biscuits, confectionery, chocolate);
(iii) Industrial equipment
such as electrical transformers;
(iv) Finished marble, finished granite
(v) Finished plastic products, household finished plastic products
(vi) Plumbing products
(vii) Carpets
2. In accordance with article
29 of the regulation No. 07-01 dated 09th Jan, 2017, related to rules applied on
transactions with foreign countries, the pre- authorized bank debit instruction
is compulsory for making transfers / fund repatriation, and clearing of goods.
3. Companies having exported the above mentioned items to Algeria may check
up with their client if all bank formalities mainly the pre- authorized bank
direct debit instruction, has been completed before 4th July, 2017.
(S.P. Roy) Joint Director General of Foreign Trade Telefax: 23062240
E-mail: [email protected]
[F. No.01/93/180/08/AM-18/PC-2(B)]
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