TRADE NOTICE NO.16/2017, DT. 01/09/2017
- Document type
- Circular
- Dated
- Category
- TRADE NOTICE 2017-2018
Directions to Bank
Directions to Bank
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: shyama.roy@nic.in
No.01/93/180/08/AM-18/PC-2(B)