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of <h1>Customs Duty Exemption on Timber Imports: Compliance with Foreign Trade Policy Required for Export Eligibility.</h1> The circular addresses doubts regarding the import of timber logs under Notification No. 32/97-Cus dated 1.4.1997, which provides customs duty exemptions for imports linked to export orders. It clarifies that while the notification grants exemptions, it does not override restrictions under the Foreign Trade Policy (FTP). Specifically, for exporting sawn timber from imported logs, the FTP mandates a minimum 30% value addition. If this condition or others are unmet, exports are illegal. Customs officers must ensure compliance with FTP conditions before granting exemptions under Notification No. 32/97.
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