Directions to Bank - DGFT - Trade Notice No. 16/(2015 – 2020)

No.01/93/180/08/AM-18/PC-2(B) Government of India Ministry of Commerce Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated: 01.09.2017 Trade Notice No.16/(2015 2020) 1. All IEC holders/applicants 2. All EPCs / All Chambers of Trade and Industries 3. FIEO/ASSOCHAM/CII 4. All IRA'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 09/01/2017, 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 Tele fax : 23062240 E-mail: [email protected]