RESTRICTED

GENERAL AGREEMENT ON BOP/3730 TARIFFS AND TRADE Limited Distribution

Committee on Balance-of-Payments Restrictions Original: English 1964 CONSULTATION UNDER ARTICLE XVIII:12(b) WITH INDIA

Basic Document for the Consultation¹

1. Legal and administrative basis of the import restrictions The statutory authority on which current import controls are based is the Imports and Exports (Control) Act, 1947, which empowers the Central Government to issue Orders prohibiting, restricting or otherwise controlling, subject to any exceptions made by Order, the import of goods of any specified description. The procedure governirig the exercise of these powers are contained in the Import Control Order No. 17/55 of 7 December 1955, as amended from time to time, notified. under the Act cf 1947. Schedule I to this Order lists the goods for whose importation a licence or a customs clearance permit given by the competent authority is essential. The Order, however, exempts from this requirement imports for defence purposes, imports of government stores by the appropriate.Ministries and purchase organizations, passengers' baggage and personal effects, etc. The Order provides for the collection of application fees and specifies the conditions governing the grant of licences, their transfer, amendment, suspension and cancellation.

Import control is administered by the Import and Export Trade Control Organisation of the Ministry, of Commerce. Besides its headquarters office in New Delhi, the organization has twelve regional Licensing offices in the different parts of the country. The organization is responsible for licensing imports of various goods, e.g. capital goods, however electrical plant and equipment, raw materials for different industries, etc. Licences for the importation of certain goods are, however, given by special authorities; iron and steel, by the Iron and Steel Controller, Calcutta; and certain machine tools by the Development Officer (Tools) of the Directcrate-General of Technical Development. The current import policy is for the whole year - and all applications for import licences are made on a. yearly basis. Annual licences where granted will be subject to the condition that during the first. six months of the validity period of the licence, the license shall be entitled to order

¹Prepared by the Government of India. BOP/37 Page 2 shipment of the goods only to the extent of 50 per cent of the value of the licence and remittance only to the extent of 50 per cent will be allowed to him during the said period. The balance 50 per cent of the value of the licence can be utilized only after the commencement of the next half year and after endorsement by the licensing authority and will be subject to such change in value as may be decided upon by the Government. In other cases, licences will be issued for six-monthly entitlement/requirement as first instalment and supplementary licences covering next half-yearly entitlement/requirement will be issued in the next half year, subject to such cuts as may be decided upon having regard to foreign exchange availability and other factors.

With a view to enabling the actual users both in the scheduled and non- scheduled sectors to utilize the small value annual licences up to Rs.5,000 in one lot immediately they are issued, such small value annual licences to actual users will be issued by the licensing authorities without imposition of the prescribed annual licensing conditions.

For purposes of licensing, importers are grouped into three categories: (i) established imports, (ii) actual users, and (iii) others.

Established importers are persons or firms who have been. actually engaged in import trade of the articles comprised in any serial number or sub-serial number, as the case may be, included in Schedule I to the Import Control Order 1955 (the import trade control schedules) during at least one financial year (1 April to 31 March) falling within the basic period specified for the said serial number or sub-serial number. The importers may choose the most favourable year from the basic period for the purpose of obtaining quota certificates.

Actual users have been defined as those who require raw materials, accessories, machinery and spare parts, for their own use in an industrial manufacturing process. The items licensable to actual users are published annually in the import policy booklet. Licences to actual users are granted on the basic requirements assessed with reference to the level of production, past imports and stocks. The licences are not valid for import of raw material, etc. required for the manufacture of new items unless a licence for undertaking the new line of production has been obtained wherever necessary under the Industries (Development and Regulation) Act, 1951.

Applications from scheduied industries borne on the books of the Directorate General of Technical Development are considered on the recommendations of the Directorate General of Technical Development. Applications from scheduled industries not borne on the books of the Directorate General of Technical Development and non-scheduled industries other than small-scale industries are considered on the recommendations of the prescribed certifying authorities. BOP/37 Page 5

Applications from small-scale industries for import of raw materials, machinery and equipment are considered on the basis of "essentiality" certified by the Directors of Industries of State Governments, the Textile Commissioner, Bombay, the State Drugs Control authorities or the State Directors of Handlooms. Other importers: wholesale and central stores recognized by the Government educational and research institutions etc. belong to this category.

Import control procedures are set out in Public Notices published in the Official Gazette and in the yearly Red. Book entitled Import Trade Contrl Policy - for the Licensing Period - published by the Ministry of Commerce. The trading and business community is informed from time to time by statements of policy of the procedures to be followed and of the licensing policy in regard to particular commodities.

2. Methods used in restricting imports

Imports under Open General Licences do not need individual licences. Open General Licences are in force for the import of free gifts of books, bona fide samples, blue prints and drawing relating, to machine and plant sites, and the free replacement of goods which have already been imported and have been found to be defective or unsuitable.

All other imports have to be covered by individual licences. Individual licenses are issues (i) to established importers on the basis of quotas expressed as percentage of imports in a chosen base year, (ii) to actual users according to their current requirements and (iii) to other importers, on the recommendations of the sponsoring authorities.

Export promotion: there are some items in which the inter-relationship between imports and exports is direct and intimate. The ability to export some of these manufactured goods depends largely on the facility with which the exporter or the manufacturer can procure the basic raw materials required in the manufacture. With a view to promoting the export of such goods, schemes have been devised for the grant of special import licence to replace the imported raw material content of the exported product, or to provide an inducement for larger exports. Specified kinds of raw material, machinery and equipment are licensed for importation under the scheme. Import licences under the Expert Promotion Scheme are normally issued against past experts already effected. Advance licences may, however, be issued even if there is no entitlement arising from past exports in case a firm order for expert, has been secured by the applicant. These Schemes are administered by the Export Promotion Councils or Commodity Boards or the Export Promotion Officers. An Import Licence granted under an Export Promotion Scheme will normally be valid for twelve months. BOP/37 Page 4

For purposes of import control, capital goods are understood to be such plant and machinery as are required for new installations, or replacements or for the expansion of existing projects or for setting up subsidiary production, whose aggregate value per unit is not less than Rs.100,000 (f.c.b)

For purposes of carryifing out a planned programme of industrial development, it has been necessary to devise a special scheme for regulating the inflow of capital goods not manufactured in the country, in accordance with a scale of priorities which has been decided upon in the light of the industrial needs of the country, the supply potential of the internal market, and the availability of raw material and other relevant considerations.

The import of capital goods has always been accorded high priority in the import programme. For a variety of other reasons also importation of capital goods has to be regulated. Firstly, because the uncontrolled and sporadic imports of heavy plants may lead to an industrial disequilibrium and generate heavy demand fcr importing industrial raw material. Secondly, both on grounds of essentiality and the need. to save foreign exchange, import of machinery which are available from indigenous sources have to be discouraged.

Accordingly applications for import licences are required to be scrutinized by a capital gocds committee on whose recommendation licences are granted.

As a general rule, applications for import licences for substantial values of plant and machinery which are required for the setting up of new projects or for substantial expansion of existing industries are considered by the Government only against one or more of the following acceptable means of financing:

(a) Long-term foreign investment in the capital of the project;

(b) foreign exchange loans for the project from the Industrial Credit and Investment Corporation of India, Bombay, and the Industrial Finance Corporation, New Delhi;

(c) long-term foreign exchange loans from financing institutions abroad, such as the United States Agency for International Development, the United States Export Import Bank, the Commonwealth Developrnent Finance Corporation, , and the International Finance Corporation, Washington;

(d) imports financed by the National Small Industries Corporation of India, New Delhi, under their hire-purchase scheme for small-scale industries; BOP/37 Page 5

(e) loans to the Government of India from foreign governments or financial institutions, against which cash licences can be granted; and

(f) trade and payments agreements between the Government of India and foreign countries against which cash licences can be granted.

Applications for the import of plant and equipment required for the setting up of an industrial unit mainly devoted for developing the country's exports are dealt with on the basis of special priority. Likewise, import of plant and equipment required for expansion of capacity of existing units in order to build up export markets are also given special consideration.

Periods of validity of import licences vary according to the nature of the imports, and is specified in the licensing policy statements. Generally, an import licence is valid for a period of twelve months. In certain cases, the period may be extended, such as actual user licences covering essential goods. Capital goods and heavy electrical plant licences are given with an initial validity of two years.

Fees are charged on applications for licences according to the value of the imports to be made. Applications for imports of goods of a value of less than Rs. 250 for personal use are exempt from the fee.

3. Treatment of imports from different sources, includinginformation on the use of bilateral agreements

In the past, the countries of the world were divided into two major groups, i.e. (i) the dollar area, and (ii) the soft currency area, for licensing purposes. The distinction between dollar and soft currency areas was removed from the licensing period -. Import licences of the following two types are now issued:

(i) "General Area Licences" which are valid for imports from all countries except South Africa and South West Africa; and

(ii) "Specific Licences" such as licences issued under capital goods and heavy electrical plant schemes, export promotion schemes, etc., which are valid for import from specified country or countries. Since import of capital goods are regulated with due regard to the availability of foreign exchange through loan and other arrangements, the validity of licenses for such goods have to be restricted to imports from particular sources. BOP/37 Page 6

The Government of India have signed trade agreements with a number of foreign countries. These trade agreements are revised from time to time. Most of these agreements do not involve specific commitments on import of any goods, they merely indicate the commodities the import or export of which the partner countries intend to facilitate, particularly in granting licences. In addition to the trade agreement, special payments and trade arrangements have also been worked out with respect to some of the countries. Licences under the special payments and trade arrangements with those particular countries are issued from time to time.

4. Commodities or groups of commodities affected by the various forms of restrictions

All imports, other than those covered by specific exemption such as passenger baggage, deience and government stores, are subject to licensing requirements.

5. State trading or government monopoly used as a measure to restrict imports for balance-of-payments reasons

Food grains are imported on Government account by the Ministry of Food and Agriculture. The centralization of these imports is for ensuring adequate supplies at reasonable prices, to build up internal stocks and to regulate internal distribution.

The State Trading Corporation assist the private trade and industry to import essential capital goods, raw materials and other commodities, both from the rupee payment areas and other countries. The import through the State Trading Corporation is intended to meet essential requirements and effect equitable distribution at fair prices. The Corporation is registered as a private limited company under the Indian Companies Act, 1956, and its business transactions are governed by normal commercial considerations like price, quality and profitability; in deciding its sources of supply and in other matters, the Corporation follows an entirely non-discriminatory policy.

6. Measures taken since the last consultation in relaxing or otherwise modifying the restrictions

India requires capital equipment, components, essential raw material and technical know how for her rapid economic development. A major policy in recent years has therefore been to conserve scarce, foreign exchange resources and to secure progressive increase in expert earnings. With a view to curtail the consumption of commodities in the home market heavy import and excise duties have also been levied. Further, in ordor to enhance experts, quota restrictions have been removed and export duties have been severely out and incentives to exporters have been. given. These and other measures have resulted in a degree of improvement in the balance-of-payments position during 1963-64. The level of BOP/37 Page 7

sterling balances at the beginning of 1963-64 was about the same as at the beginning of 1962-63 and it is expected that the position will improve. Further, India will have repaid a part of its drawals from the International Monetary Fund, while in 1962-63, it had actually borrowed from the Fund.

The increase in export earnings over the previous years has been a major factor contributing towards the improvement in India' s balance-of-payments position. During April- export earnings were Rs.5,120 million against Rs.4,560 million in the same period during 1962 and the rising trend in exports continues. In 1963 experts touched the highest figure ever achieved.viz Rs.7,910 million which is Rs.1,040 million higher than in 1962.

On the import side, the situation has improved as a result of increased utilization of external assistance. The improved utilization is in part attributable to the delivery of plant and machinery ordered against earlier credits and in part due to a large proportion of external aid being available in non-project form . While in 1961-62, the amount drawn against external assistance was Rs. 2,500 million, there was an improvement to Rs. 3,210 million in 1962-63. In the first half of 1963-64 the sum drawn was Rs. 1,800 million and in the second half of the year, receipts are likely to be higher. A further significant improvement is expected in 1964-65. The servicing of external debts is a growing burden on the balance of payments. Debt repayments had amounted to Rs. 600 million in 1961-62 and Rs. 530 million in 1962-63. Repayments against loans signed up to the end of 1963 are estimated to rise to a peak of Rs. 1,160 million in 1968-69. Over the Fourth Plan period, repayments against these loans will amount to Rs. 5,530 million and interest charges to Rs. 2,730 million. In addition, debts contracted in 1954 and later will have to be serviced. It is thus important that further borrowing should be on softer terms. Loans from the International Development Association and the United States AID have been repayable over forty to fifty years, with long grace periods and nominal service charges; and there is a need for wider acceptance of this pattern.

In view of the need to conserve foreign exchange, the import policy for the period April 1964-March 1965 continues to be restrictive in various directions as in the previcus licensing period. Within the limitations of forieign exchange availability, an attempt has, however, been made to meet the growing needs of the economy for increasing the production all round and also the needs of export promotion and defence. The cuts have, however, been imposed in the import of items which are of lowpriority or where the Indigenous production has expanded. Increases in the import of certain items have been effected to meet the gap between the domestic demand and actual indigenous production. Cuts have been effected in respect of the items in Annex T and. increases made in respect of items in Annex II.

As a measure of relaxation, the basic period in respect of a few items such as motor vehicle parts, rubber blankets, and spare parts of agricultural tractors and/or tractor-drawn agricultural implements has been extended. BOP/37 Page 8

With a view to meeting the needs of industries for maintenance and develop- mental imports, adequate provisions have been made for licensing imports to meet the requirements of both scheduled and non-scheduled industries including small- scale industries. In addition special efforts are made to meet the needs of export oriented and defence oriented industries. Large allocations are also made for licensing the importation of raw materials and components to small-scale indus- tries. The needs of the industries for various goods have also been kept in view and new provisions have been made in the policy for April 1964-March 1965 for licensing the items included in Annex III.

The scheme for licensing, imports of specific goods by consumers' co-operative societies which was in force up to. - has been replaced by a new scheme according to which imports of selectedconsumer goods are allowed with- in a ceiling limit, through wholesalecentral stores recognized by the Ministry of Community Development. and Co-operation for distribution by such wholesale/central stores to consumers' co-operative stores.

7. Effects of import restrictions on trade and general policy followed to restrict imports for balance-of-payments reasons

The basic objective of import control is to safeguard the balance of payments and to give priority to the import of these products which are more essential. In shaping import policies account is taken of export prospects, the level of external reserves, the economic development plans and the pattern of requirements and pricrities resulting from the development cf the economic and seasonal factors. In general, foodstuffs, capital goods, industrial raw materials and other essential commodities are given the highest priority, while other imports are severely limited or prohibited.

The import control policy is formulatedby the Ministry of Commerce. Before the licensing policy is announced, adetailed examination is made of each item in consultation with the various Minis tries and technical advisers concerned. Suggestions made by the commercial and the industrial interests of the country are also taken into account. The Export and Import Advisory Council which include besides officials, representatives of commercial and trade interests, is associated in an advisory capacity with the formulation of trade control policies. The Council meets twice a year, about six weeks before each policy announcement, under the Chairmanship of the Minister of Commerce.

LIST OF ANNEXES

I. List of items for which quotas have enhanced for 1964-1965 II. List of items of which quotas have been reduced or banned for 1964-1965 III. List of new items for actual users which will be considered for 1964-1965 IV. Exports and imports for 1960-1961 and 1963-1964 (January) V. Monthly position of sterling balances VI. Balance-of-payments position VII. Break up ofimports VIII. Total nurnber and value of licences issued. - 1- BOP/37

ANNEX I

LIST OF ITEMS IN RESPECT OF WHICH QUOTAS FOR ESTABLISHED IMPORTS HAVE BEEN ENHANCED DURING APRIL 1964-MARCH1965

S.No. S.No. and Part Import Part of the I.T.C. Description April 1963- April1964- Schedule March 1964 March 1965

1. 28 17)/II Steel belt lacing (other than alligator type) Nil 2O% 2. 5 (1) (u)/III Grinding rollers dead or traverse Nil 3. 5-A/III Machine cloth Nil 5% 4. 87,109/IV Drugs medicines, (Appendix 19) namely: (LIST III) 1.Bottled penicillin and) its preparations, the ) following only ) (i) Crystalline penicilliin G. calcium ) (ii) Procaine ) penicillin G. with ) crystalline penicillin) G. oily injection ). Penicillin G. ) (iii) Nil Deithyl aminoethul ) ester hydro-iodide ) (iv) Procaine ) penicillin. G. in cil ) with aluminium monosterate ) (MT) Procaine ) penicillin in oil (vi) Penicillin ) dressings ) (vii) Dibensulethylene ) diamine dipenicillin G.) 5. 2. Anhydrous dextrose excluding preparations 12½% 25% 5. 3.Homoeopathic medicines 100% 150% BCP/37 - 2 -

S.No. S.No. and Part Import Policy of the I.T.C. Description April 1963- April 1964- Schedule h 1964 March 1965 March 1964 March 1965

293, 29-ard 297/1V (Apppndix 26) (LjST II)- 7. Item No. 1l Shock absorbers Nil Item No. 13 Thin-walled bearings 12,% 15» 9e Starter motor and parts Allowed under 25% there-f consolidated (New item quota of 7f% created) for S.No. 293, 295 and 297/IV 10. Generator/driamo i alternator and parts " thereof li. VJltace re;u' tors t i 12. 0-C.1 seals 13. Ignition oils and parts there^ 14. 312-316/rv Arns and ammunition Nil 1 1/4% 15. 317/IV Cartridge cases filled and e pty Nil 1 1/4% 16. 17(b)/V Liquid. paraffin 10% 15% 17. 93-94(e)/v Surgical instruments, apparatus and appliances, nnt mace mainly of rubber and a1sD not madç mainly 'o-ass 25% - 3-- BOP/37

ANIEX II

LIST OF ITEMS IN RESPECT OF WHICH QUOTAS FOR ESTABLISEHD IMPORTERS HVAE BEEN REDUCED OR BANEDB DURING APRIL 1964MrACcH 1965

S.No. S.No. and Part Import Policy of the I.T.C. Description April 1963- April 1964- Schedule March 1964 March 1965

1. 44(b)I Zinco-r spelter, unwrought including mazak alloys of zinc and aluminium etc. Others. 10% Nil (Now under S.No.44(f)/I) 2 . 6(c)/III Component parts o-r knitting 1% o ½%rr machines, hosiery Machines, on imports Nil and embroidery machines of complete machines 3. 159(b)/IV Filter paper 3½2% 25% 293,295 and 297/IV (Appendix 26) (LIST III) 4. Item No. 5 Filter/Cleaner assembly, air, fuel or lubricating oil 1½% 6 1/4% 5. Item No. 15 Carbon brushes, all sorts 25% 12½% 6. Item No. 16 Dashboard instruments 50% 25% 7. Item No. 17 Speeo.meter cables 25% 12½% 22,31/V (Appendix 28) (LIST II) 8. Item No. 43 Oxalic acid 10% Nil 9. Item No. 55 Rubber chemicals the following: Accelerators., anti- oxidants, dispersing and bonding agents, retarders, stabilizers and peptizers 10% Nil BOP/37 - 4 -

S.No. S.No. and Part Import Policy of the I.T.C. Description April 1963- April 1964- Schedule 1963- April March 1964 arch 1965

10. 53/V Silk or artificial silk goods used or required for medical purposes 15% Nil 11. 93-94(j)/V Dental surgical instru- ments, apparatus and appliances, n. o.s. 120% 100% 12. 110/V Nickel catalyst 75% 25c -5- BOP/37 BOP/37

ANNEX III

LIST OF NEW ITEMS IN RESPECT OF WHICH APPLI- CATIONS FROM ACTUAL USERS WILL BE CONSIDERED DURING APRIL 1964-MARCH 1965

S.No. S.No. and Part of the Description I.T.C. Schedule

1. 7-A/II Asbestos manufactures, not otherwise specified 2. 7-B/II Packing engines and boilers all sorts, not otherwise specified 3. 7-C/II Steam, pneumatic and hydraulic packings for all machinery 4. 8/II Ready-made boiler packing 5. 5(l)(v)/III Ring travellers 6. 5-A/III Machine cloth 7. 10(a)/V Sperm oil 8. 34-37(h)/V Blanc fixe 9. 68(a)/V Rubber blankets (including mackintosh) for printing presses including requirements of cloth processing machines viz., printing, sanforizing etc. 10. 194/V Diamonds industrial, natural and synthetic, in all forms including diamond grit and powder 11. 106/V Gas black, thermatomic black, acetylene black and carbon black also including lamp black 12. 112/V Phenol formaldehyde resinous sheets, tubes, rods and other materials 15. 113/G/V Polyvinyl formal and polyvinyl acetal 14. 122(xxvi)/V Vanadium pentoxide catalyst BOP/37 - 6 -

ANNEX IV

STATMENT SHOWING IMPORTS, EXPORTS (INCLUDING RE-EXPORTS) AND BALANCE OF TRADE DURING THE YEARS 1960-61 TO 1963-64 (UP TO )

(Value in crores of Rs. 1 crore = 10 million)

Year Imports Exports (including Balance of re-exports) trade

1960-61 1 140 660 (-) 480 1961-62 1 107 679 (-) 428 1962-63 1 123 704 (-) 419 1963-64 (up to Jan. 932 * 644 (-) 288 1964)

Notes (i) Above figures for all the years include imports into and exports from Goa, Daman and Diu. (ii) The import figures exclude imports from Nepal by land. Imports from Nepal by land during 1963-64 (up to January 1964) are, however, of the order of Rs.4.25 crores. (iii)*Exclusive of overland exports to Nepal valued at Rs.926 lakhs and of postal exports of pearls, precious stones etc. valued at Rs.1,221 lakhs during the period April 1963-January 1964. Similar data for earlier years is not available. (iv) The figures are provisional and subject to revision. - 7 - BOP/37

ANNEX V

STATEMENT SHOWING MONTHLY POSITION OF STERLING BALANCES DURING 1957-58 TO 1965-64 (UP TO 20 MARCH 1964) (Value in Crores of Rs. 1 Crore=10 million)

1957-58 1958-59 1959-60 1960-61 1961-62 1962-63 1963-64

April 507.00 269.79 210.5 18o.6 123.5 112.41 113.91 May 469.00 -44.8 201.5 172.55 126.0 102.65 117.42 June 456.75 215.59 194.6 157.42- 113.9 97.32 106. 33 July 123.63 200.27 180.5 1535.25 98.04 105.10 100.82 August 382.5 194.01 186 .27 14655 145.47 94.09 94.52 September 352.5 186.47 185 .66 139.2 129.75 95.94 97.08 October 327.5 180 .33 201.07 142.38 145.19 92.57 102.40 November 510 .6 182.67 205.6 140.0 145.68 99553 102.85 De cember 298 .3 138 .85 21,3.14 151.73 152.32 96.78 105.57 January 284.71 192.81 207 81 147.7 1537.84 95.46 i1.86 February 281.30 212.63 197.09 159.5 155 .82 107.04 12J5.56 March 266 .27 215.59 197.1 136.0 129 .70 116.38 134 .64 (as on 20 March) BOP/37 - 8 -

ANNEX VI STATEMIENT? SHOWING INDIA 'S BALANCE-OF--PAYMENT (CURRENT ACCOUNT) POSITION DURING THE HALFYEARS OF 1952-53 TO 1963-64 (UP TO )

(Figures in Rs/Crores 1 Crore = 10 million)

Periods Receipts Payments Balance

April-Septernber 1952 418.0 40,.5 + 15.4 October- 1952-March 1953 372.5 527 .7 + 44.8 April-September 1953 351.4 562.6 - 11.2 October- 1953-March 1954 579.0 52c .4 + 58.6 April-September 1954 344.6 374.0 - 29.4 October 1954-March 1955 450.6 415.2 + 35.4 April-September 1955 417.7 418.5 - O.8 October 1955-March 1956 465.4 447.7 t 17.7 April-September 1956 408.9 534.O -125.9 October, 1956-March 1957 48 .6 650.2 -166 .6 April-September 1957 452 .8 676 .2 -225 .4 October- 1957-March 1958 4555.4 608.8 -15,3.4 April-Septermber 1958 376.6 587.4 -210.8 October 1958- .443.1 576.1 -128.0 April- 405.9 554.3 -128.4 - "64.1516.7 - 52.4 April- 4534.5 612.3 -177.8 - 45-3.8 641.1 -187.3 April-Septernber 1961 455.6 605.1 -171.5 -March 1962 465.9 597 .6 -131.7 April- 458.5 630.5 -192.0 -March 1965 516.0 660.7 -144.7 April-September 1963 534.5 702.2 -1.67.7

Note: Figures are provisional and subject to revision. - 9 - BOP/37

ANNEX VII

STATEMENT SHOWING THE BREAK UP OF IMPORTS INTO MAJOR HEADS - CAPITAL GOODS, INDUSTRiAL GOODS AND CONSUMER GOODS DURING THE YEARS 1960-61 TO 1963-64 (UP TO JANUARY 1964)

(Value in Crores of Rs. 1 Crore = 10 Million)

1963-64 -Items Val -61 1961-62 1962-63 (Up to Jan Value % Value % Value% Value %64)

1. Capital goods 153.24 13.91 165.29 15.74 173.11 16.13 155.04 16.69 2. Industrial goods 685 . 62_ .25 694.06.4 . 1 696 . ; 64 .8- 607.9,' 65.46 3. CONSUMER GOODS (1) Food grains (wheat and rice) 175.6A `5.95 3.06.52 10.15 113.12 10.,54 10o4.3 11.25 (iïi) Others 86.9i. 7.89 853.90 7.98 .90.83 8.46 61.31 6.6o Total (3) 262.55 23.a 190.42 1;85.15, 205.95 19.00, 65.74 17.85 Total 1 to 3 3101.39 100.00 3050.11 100.00 1075.41 100.00 928.73 100.00

4. Returned goods and 4.3-6 5.68 special 3 .o8 transactions

GRAND TOTAL 1 105 .7 i 053.19 1 077.09 932 -07 REVISED TOTAL 1- 1-5. 69 1 107.1-5 1 12 .5'

Notes: 1. Detailed figures for 1960- 61, 1961-62 and 1962-63, are exclusive of imports into Goa, Daman and Diu. 2. Revised total import figures include imports into Goa, Daman and Diu. 3. Above figures exclude imports from Nepal by land. Imports from Nepal by land during 1963-64 (up to January 1964) are Rs.4.25 crores. BOP/37 - 10 -

ANNEX VIII

STATEMENTSHOWING TOTAL NUMBER AND VALUE OF LICENCES ISSUED BY CCI AND E AND OTHER LICENSING AUTHORITIES UNDER HIM FOR THE PERIODS APRIL 1958-MARCH. 1959 TO APRIL 1963- MARCH 1984 (UP TO 13 JANUARY 1964)

(Value in Crores of Rs. 1 Crore = 10 million)

S. No. Licensing Period No.of Licences Value of Licences

1. Apri1 1958-March 1959 215,519 540 2. -March 1960 51,9iS 775

3. -March 1961 3,08,696 795 4. April 1961-March 1962 555,459 357 5. -March 1965 216,92G 983 6. -March 1964 10O, 2c2 569 (up to 18 January 1964)