Decree of the Minister for Foreign Affairs No. 47 / 1970 Coll.
Decree of the Minister for Foreign Affairs on the Trade and Payment Agreement between the Czechoslovak Socialist Republic and India
Valid
Effective from 01.01.1970
Zobrazeno prvních 200 z celkem 431 ustanovení tohoto předpisu.
Zobrazit celý předpis →
Pro stažení celého znění použijte tlačítko Stáhnout výše.
47
DECLARATION
Minister for Foreign Affairs
of 6 January 1970
on the Trade and Payment Agreement between the Czechoslovak Socialist Republic and India
The Trade and Payment Agreement between the Czechoslovak Socialist Republic and India was signed in Prague on 31 October 1969.
The Agreement entered into force on 1 January 1970.
The Czech translation of the Agreement is announced simultaneously.
Minister:
Ing. Marko v. r.
TRADE AND PAYMENT AGREEMENT
between the Czechoslovak Socialist Republic and India
The Government of the Czechoslovak Socialist Republic and the Government of India, taking note of the successful development of economic and trade relations and wishing to achieve a further increase in trade and an extension of its structure and further development and strengthening of economic cooperation between the two countries, agreed as follows:
Both governments will develop and strengthen trade and economic relations between the two countries in every way possible in accordance with the principle of equality and mutual benefits. They will examine and decide with the greatest good will on the proposals that one of them would make to the other with a view to achieving closer trade and economic relations.
During the period of validity of this Agreement, the total value of imports shall be equal to the total value of exports made by either country. To this end, account will be taken of imports under contracts that have already been or will be agreed on the basis of this or previous Trade Agreements, whether or not these imports have been or will be paid at a deferred period or at a time of completion, taking into account when and how payments will be made for payment. Similarly, the repayment of loans under the Agreement on Economic Cooperation and interest payments on those loans will be taken into account.
(1) Both governments will provide maximum benefits under their respective laws, regulations and regulations for goods imported and exported from one country to another.
(2) Both governments shall grant each other treatment in accordance with the principle of most favourable treatment with regard to customs duties and charges of any kind imposed on or in connection with imports or exports of such duties and charges and with regard to the rules, formalities and charges relating to customs procedures.
(3) Both governments shall grant each other treatment which is no less favourable than that accorded to any other country in respect of the issue of import and export licences or authorisations whenever such licences or authorisations are required by their legislation.
Any benefits, concessions, privileges or immunities granted by one of the Contracting Parties to any product originating in or intended for the territory of a third country shall be granted immediately and unconditionally to the same product originating in or intended for import into the territory of any of the two countries.
However, the provisions of Articles 3 and 4 above shall not apply to the provision or continuation of any:
(a) benefits which are or will be granted to any government to neighbouring countries in order to facilitate border trade,
(b) benefits, concessions, privileges or immunities, as well as preferences, granted by any of the governments of any third country and in force on the date of entry into force of this Agreement or replaced by them,
(c) benefits granted under any agreement relating to the expansion of trade and economic cooperation between developing countries which allows the participation of all developing countries and which India is or may become a party to.
Exports of goods from the Czechoslovak Socialist Republic to India and from India to the Czechoslovak Socialist Republic during the period of validity of this Agreement will be made on the basis of the attached documents "A" (list of goods available for export from Czechoslovakia to India) and "B" (list of goods available for export from India to Czechoslovakia), which form an integral part of this Agreement. The Charter may be extended or amended by agreement between the two Governments.
Imports and exports of the goods referred to in Article 6 shall be carried out in accordance with the export, import and foreign exchange rules applicable in each country and on the basis of contracts to be negotiated between Czechoslovak organisations duly authorised under the Czechoslovak Foreign Trade Act as legal persons, on the one hand, and Indian natural and legal persons, including those owned by the State of India, on the other.
Goods thus exported from the Czechoslovak Socialist Republic to India and from India to the Czechoslovak Socialist Republic are intended for use in India and the Czechoslovak Socialist Republic and will not be reexported to any other country.
(1) All salaries of both commercial and non-commercial nature between natural and legal persons residing in the Czechoslovak Socialist Republic and natural and legal persons residing in India, as well as any other salaries between the two countries on which an agreement will be reached between the Czechoslovak Commercial Bank a. s., Prague and Reserve Bank of India, Bombay will be implemented in non-transferable Indian rupees.
(2) For the purposes of paragraph 1 of this Article,
(a) The Czechoslovak Commercial Bank, a. s., acting as a representative of the Government of the Czechoslovak Socialist Republic, will continue to hold a central account with the Reserve Bank of India and will be authorised to establish and maintain one or more accounts with one or more trading banks in India that are authorised to trade in foreign exchange.
(b) The central account will be used to store rupees and to replenish the account (s) with the commercial bank (s), while the account (s) with the commercial bank (s) will be used for all other operations.
(3) (a) The central account will be supplemented by the transfer of funds from the account (s) to the commercial bank (s) and subsidies by using a technical loan.
(b) The account (s) with the commercial bank (s) will be supplemented by the transfer of funds from other similar accounts and from the central account.
(4) (a) Salaries authorised under Czechoslovak foreign exchange regulations, which will be carried out by persons resident in the Czechoslovak Socialist Republic to persons resident in India, will be settled by crediting the amounts of these salaries to the relevant account (s) with the commercial bank (s) in India.
(b) Salaries authorised under the Indian Foreign Exchange Control Act, which will be carried out by persons resident in India by persons residing in the Czechoslovak Socialist Republic, will be settled by crediting the amounts of these salaries in favour of the aforementioned account (s) with the commercial bank (s) in India.
(5) Details concerning the central account management will be mutually agreed between the Czechoslovak Commercial Bank, a. s. Reserve Bank of India.
(6) Any balances in the rupees accounts of the Czechoslovak Commercial Bank, a. s., referred to in this Article, or any debt of the Czechoslovak Commercial Bank, a. s., arising from the use of a technical loan, will be used in the following 12 months according to the condition of purchase of Indian or Czechoslovak goods. After this 12-month period, any outstanding balances will be settled in a manner agreed between both governments.
(7) Salaries resulting from contracts concluded during the period of validity of this Agreement and due after its expiry will, without prejudice to the expiry of this Agreement, be made in non-transferable Indian rupees, which will be used according to the condition to purchase Indian or Czechoslovak goods.
(1) Both Governments agree, taking advantage of the right of choice of the carrier, to use as far as possible ships owned by the transport organisations of the two countries or the vessels they have leased for the carriage of costs imported or exported under this Agreement, provided that the world's competitive transport rates and conditions are met.
(2) Trading vessels of any of the two countries, with or without cargo, shall enjoy, at the entry into, stay in or exit from the ports of the other country, the highest benefits which are granted in agreement with its laws, regulations and regulations applicable to ships flying the flag of third countries. However, this principle does not apply to coastal vessels.
Both governments agree that in order to increase the exchange of goods and to expand its structure, it will facilitate contact between Indian and Czechoslovak trade, production and consumption organisations by exchanging visits and information and by promoting joint cooperation in examining mutual requirements and the choice of suppliers and consumers.
Both governments will consult each other, at the request of any of them and whenever necessary, on issues related to the implementation of this Agreement.
This Agreement shall enter into force on 1 January 1970 and shall apply for a period of five years.
Dane and signed in Prague on 31 October 1969 in two original copies in English, the two texts being equally authentic.
For the Government
Czechoslovak Socialist Republic:
F. Hamouz v. r.
For the Government of India:
B. R. Bhagat v. r.
LIST OF "A '
List of goods available for export from Czechoslovakia to India
I. Industrial investment units and equipment
1. Coal and ore extractors, foundries, mills, chemical industry equipment, cane sugar factories, distillation plants, cold stores, cement plants, ceramics, machinery for the manufacture of diesel engines, machine tools, tractors, motorcycles, bicycles, light and heavy machinery, etc.
2. Power plants
3. Woodworking machines
4. Mining and diesel installations
5. Bricks
6. Crushing and sorting sets
7. Mill facilities
8. Dairy, bottling and other food industry equipment
II. Machinery and products of the machinery industry
1. Dieselmotors, diesel-agrams and spare parts
2. Electric motors, generators and dynamos
3. Chargers
4. Electric resistance furnaces
5. Arc and resistance welding machines
6. Transformers
7. Oil and air switches for high voltage
8. Divisions
9. Lightning arresters
10.
11. Tractor comparators
12. Concrete and mortar mixers, vibrator
13. Road rollers
14. Road transport, construction and road machinery
15. Freight and personal cableways
16. Cranes, conveyor belts and transporters
17. Accumulator hoists
18. Pulley tackle
19. Mechanical shovels
20. All types of pumps, pumping and filtration stations
21. High Pressure Armatures
22. Compressors and fans
23. Electric and diesel locomotives
24. Machine tools, accessories, spare parts and components
25. Buchares and mechanical presses
26. Pressure casting machines
27. Pneumatic tools and equipment
28. Precision instruments, meters
29. Electrical measuring equipment
30. Equipment for laboratory tests
31. Single and three-phase electrometers and components
32. Electrical, mechanical and electronic measuring instruments and components
33. Water meters components
34. Complete equipment for measuring and checking heat management
35. Equipment of radio studies
36. Components of radios and tubes
37. Filament lamps for industrial use and fluorescent lamps
38. Cigarette machinery
39. Tobacco cutters, weighing machines and tobacco packing machines
40. Components of time measuring devices and spare parts
41. Automatic telephone switchboards
42. Radio and television studios
43. Roentgen apparatus
44. Dental and surgical instruments
45. Projects and complete hospital facilities
46. Statistical and calculating machines
47. Writing machines and components
48. Machinery for printing and printing industry
49. Photo and cinematography and components
50. Ball and roller bearings
51. Textile machinery and components
52. Footwear and leather machinery including rubber footwear
53. Spare parts for passenger and freight wagons
54. Dumpers and mobile cranes
55. Service facilities and tools for garages
56. Industrial chains
57. Electrical accessories for motor vehicles
58. Components of fuel injection moulding devices
59. Agricultural tractors, spare parts and components
60. Carriages and suspension tools
61. Planes
62. Airport lighting equipment
63. Useful and special vehicles
64. Trucks, buses and trolleybuses
65. Motorcycles, scooters, spare parts and components
III. Steel and steel products
1. Steel structures according to any specification
2. Steel Pilots
3. Articles of iron and steel including plates, wires, sheets, etc.
4. Tool, alloy and special steel
5. Steel forgings, castings and finished products
6. Seamless steel tubes for oil industry
IV. Other finished products
1. Rubber conveyor belts with textile insert or plastic conveyor belts
2. Rubber-textile hose of all kinds
3. Regenerated Rubber
4. Leather, plastic or rubber-textile drive belts
5. Laundry equipment
6. Electric and gas water heaters
7. Fire extinguishers and fire alarms
8. Hand-held electric tools
9. Steel gas cylinders
10. Osmocement pressure tubes
11. Isolation material (glass and glass wool)
12. Insulators for high and low voltage
13. Laboratory porcelain
14. Cranberries
15. Ceramic cutting tools for working metal
16. Refractory materials
17. Technical and Laboratory Glass
18. Pressed glass and apple crystal of all kinds
19. Industrial felt and technical fabrics
20. Vacuum Cleaners
V. Chemicals, medicinal products and related products
1. Drugs, pharmaceutical chemicals and products
2. Serums and vaccines
3. Colours - semi-finished products
4. Organic Chemicals
5. Nitrocellulose
6. Protection against plant diseases
7. Inorganic chemicals including sodium formaldehyde
8. Ultramarin
9. Laboratory Chemicals
10. Industrial explosives
11. Kaolin and clays
12. Colours
13. Pyrotechnic materials
VI. Miscellaneous
1. Books, magazines and stamps
2. Photographic paper and photchemicals
3. Malt and hops
4. Cups and shoe nails
5. Sliders
6. Drawing aids
7. Films exposed
8. Paper of any kind, including newsprint
9. Nuclear and radiometric instruments
10. Radioisotopes
11. Sports and hunting weapons and ammunition
12. Tyres and airplanes
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Decree of the Minister for Foreign Affairs No. 47 / 1970 Coll., on the Trade and Payment Agreement between the Czechoslovak Socialist Republic and India |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 15.05.1970 |
|---|---|
| Effective from | 01.01.1970 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0