| AGREEMENT CONCERNING THE EXCHANGE OF GOODS BEIWEEN THE REPUBLIC OF HUNGARY AND INDIA New Delhi
8 April 1949 The Government of India and the Government of the Republic of Hungary being equally desirous of establishing and furthering direct
trade relations between their respective countries have agreed as follows:— Article 1 With respect to the items mentioned in Schedules A and B attached to this Agreement and which shall be taken to form an integral part
of this Agreement, the Contracting Parties agree that whenever necessary according to the laws and regulations applicable in either
country, import and export licences shall be granted freely according to the laws and regulations applicable, up to the yearly quantity
or value mentioned against each item, whenever applications are made in conformity with the laws and regulations applicable. Article 2 The yearly quantity or value of any of the items mentioned in Schedules A and B can be diminished or increased or fresh items added
by mutual agreement between the Contracting Parties. Article 3 Payments and other charges in connection with import and export of goods between the two countries shall be settled in Rupees or Sterling
as mutually convenient. Article 4 This Agreement shall, subject to ratification as provided in Article 5, remain in force for one year from the date of the exchange
of the instruments of ratification, and thereafter for successive periods as may be mutualy agreed upon before the expiry of this
Agreement. Article 5 The Agreement shall be subject to ratification and shall come into force from the date of exchange of the instruments olratification,
which shall take place at New Delhi or Budapest as may be mutually convenient or agreed upon and shall be as soon as possible. DONE and SIGNED in duplicate, in English, either copy being equally authentic, in New Delhi on Friday, the eighth day of April, 1949.
(Sd.) TIBOR MENDE.
For the Government of the Republic of Hungary, (Sd) C.C. DESAI.
For the Government of India. Witness
(Sd.) B.P. ADARKAR
8th April, 1949 SCHEDULE A EXPORTS FROM HUNGARY | | £ | Transformers and switchgear Refrigeration plants and ammonia compressors Diesel engines (16—20 H.P Horizontal nnd 1300 H.P vertical)
or complete with generators. Spare parts and complete steam engines (road rollers not included) Lorries and trucks (Chassis) Transport equipment (for mines and other industrial installations) Concrete and asphalt mixing machines Machine tools Pipes and fittings (including ammonia pipes and fittings) Refrigerator vans Lithopone | 65,000 30,000 100,000
. 250,000 60,000 25,000 25,000 50,000 150,000 50,000 upto 1,500 tons. | SCHEDULE B EXPORTS PROM INDIA | | Tons | | Raw Jute Kyanite Cotton waste Linsced oil Pepper | 500 600 200 500 200 | |
