Sponsored
    Follow Us:
Sponsored

To be Published in The Gazette of India Extraordinary Part-II, Section-3, Sub Section (ii)

Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade

Notification No. 40/2015-2020
New Delhi Dated the 27 November, 2017

Subject: Relaxation in export policy for export of Red Sanders wood by Government of Karnataka under Sl. No. 188, Chapter 44 of Schedule 2 of ITC (HS) Classification of Export and Import 2012.

S.O.(E) In exercise of the powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992), as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendments in respect of Si. No. 188 of Schedule 2 of ITC(HS) Classifications of Export and Import Items, 2012 read with Notification No. 47 (RE-2013)/2009-2014 dated 24.10.2013 and Notification No. 25/2015-2020 dated 02.09.2016 as under:

“The condition stipulated in Column 5 against S. No.188 of Chapter 44 of Schedule 2 of the ITC(HS) Classifications of Export and Import Items shall be relaxed to allow export of 186.588 MT of Red Sanders wood in the form of log, obtained out of confiscated/seized stock by the Police and Forest Departments, State Government of Karnataka”.

2. (i) Government of Karnataka is hereby permitted to export 186.588 MTs of Red Sanders wood in log form, either by itself or through any entity/entities, so authorized by them, for the purpose.

(ii) Such entity/entities or Government of Karnataka, as the case may be, shall be granted export authorization by the concerned Regional Authority of DGFT upon production of quantity allocation letter from the State Government of Karnataka.

3. State Government of Karnataka shall finalize the modalities including allocation of quantities to various entities, as applicable, for export of the respective quantities within 6 months of issue of this notification and such export must be completed within 6 months thereafter. The whole process of export shall be completed within twelve months from the date of issue of this Notification.

4. Effect of this notification:

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 186.588 MTs of Red Sanders wood, in log form, through State Government of Karnataka.

(Alok Vardhan Chaturvedi)

Director General of Foreign Trade

Email:-dgft@nic.in

(Issued from F.No. 01/91/180/1380/AM12/Export Cell)

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031