Export of sawn timber – time extended
As per the Export Policy, export of Sawn Timber made exclusively out of imported logs is permitted subject to the conditions:-
(i) The Export would be confined to the species which has been imported;
(ii) The importer and exporter will be the same party/firm and the import and export will have to be effected from the same port. The scheme will be operational only from the ports of Mumbai, Kolkata, Chennai, Visakhapatman, Kandla, Mangalore and Tuticorin.
(iii) The export of sawn products derived from imported logs shall not exceed 60% of the imports in volume terms;
(iv) The value addition of such exports shall be not less than 30%.
(v) The Saw Mill of the exporter, where imported timber is sawn shall be registered with the State Forest Department and shall be located away from the forest area in a location approved by the Conservator of Forests of the State Government;
(vi) The exporter must undertake exports within a period of 6 months from the date of import;
Now this 6 months period is extended to 12 months.
DGFT NOTIFICATION NO. 57 (RE-2006)/2004-2009 , Dated: April 13, 2007