Export of specified items to Algeria Trade Notice

Dated 1st September, 2017 | Copy of | Trade Notice NO.16/(2015-2020) |

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.

Sd/-
(S.P. Roy)
Joint Director General of Foreign Trade

No.01/93/180/08/AM-18/PC-2(B)
Issued by:
Ministry of Commerce & Industry
Directorate General of Foreign Trade
New Delhi