Executive Summary:
This notification, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, extends the deadline for the Government of Andhra Pradesh and the Directorate of Revenue Intelligence (DRI) to finalize and complete the export of allocated quantities of Red Sanders wood. The new deadline for completing the export process is April 30, 2015, subject to court orders. This notification amends a previous notification No. 47 RE201320092014 dated 24.10.2013.
Key Points / Main Content:
Amendment to Previous Notification:
* Notification No. 47 RE201320092014 dated 24.10.2013, para 4 is substituted.
Extension of Deadline:
* The Government of Andhra Pradesh and DRI have been granted more time to finalize the modalities for the export of Red Sanders wood.
* The deadline for completing the entire export process is extended to April 30, 2015.
Conditions:
* The extension is subject to orders passed by the High Court of Madras or any other court.
Impact Analysis:
Government of Andhra Pradesh and Directorate of Revenue Intelligence (DRI):
* Impact: Granted more time to finalize modalities, including allocation of quantities to authorized entities, and complete the export of Red Sanders wood.
* Action Required: Finalize modalities and complete the export process by April 30, 2015, while adhering to any relevant court orders.
Entities authorized for Red Sanders Wood Export:
* Impact: Are able to continue the export of allocated red sanders wood quantities through the extended deadline.
* Action Required: Continue to work with the Government of Andhra Pradesh and DRI to coordinate and complete export activities by the new deadline.
Key Entities Referenced
Foreign Trade Policy, 2009-14: A policy document related to foreign trade.
Foreign Trade Development and Regulation Act, 1992: An act governing the development and regulation of foreign trade.
Government of Andhra Pradesh: The state government of Andhra Pradesh, India, involved in the export of Red Sanders wood.
Directorate of Revenue Intelligence (DRI): An intelligence agency responsible for combating smuggling and tax evasion, involved in the export of Red Sanders wood.
Red Sanders wood: A type of wood that is the subject of the notification regarding its export.
High Court of Madras: A High Court which has passed orders or has submissions related to the export of Red Sanders wood.
New Delhi: Location of issuance of notification
Pravir Kumar: Director General of Foreign Trade