Customs–Import of timber logs under Notification No:32/97 Cus dated 1.4.1997 – issuing of clarifications – reg.

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....97 Cus dated 1.4.1997 - issuing of clarifications - reg. Whereas doubts have been expressed regarding the import of timber logs under Notification No. 32/97-Cus dated 1.4.1997 as amended for the purpose of export of sawn timber, it is felt expedient to issue this Public Notice so as to provide clarifications. 2. Notification No. 32/97-Cus dated 1.4.1997, as amended, is a conditional customs exem....

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....ted product is timber log and the export product is sawn timber, such exports will also be subject to the restrictions under the Foreign Trade Policy which includes a condition that the value addition of exports shall be not less than 30%. If the value addition is less than 30% or if any of the other conditions are not fulfilled, sawn timber cannot be exported legally. These restrictions under the....