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  SI.   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.