Business Other News 04 Oct 2018 Commerce Ministry se ...

Commerce Ministry sets deadline to complete export process of red sanders

PTI
Published Oct 4, 2018, 2:45 pm IST
Updated Oct 4, 2018, 2:45 pm IST
It is a valued item in traditional medicines and woodcraft across China, Myanmar, Japan and East Asia.
The Commerce Ministry has given time till April next year to Directorate of Revenue Intelligence (DRI) and governments of Maharashtra and Tamil Nadu to complete the exports process of Red Sanders wood.
 The Commerce Ministry has given time till April next year to Directorate of Revenue Intelligence (DRI) and governments of Maharashtra and Tamil Nadu to complete the exports process of Red Sanders wood.

New Delhi: The Commerce Ministry has given time till April next year to Directorate of Revenue Intelligence (DRI) and governments of Maharashtra and Tamil Nadu to complete the exports process of Red Sanders wood.

"Time up to April 30, 2019, has been allowed to Directorate of Revenue Intelligence and the state governments of Maharashtra and Tamil Nadu to finalise the modalities and complete the process of export of respective quantities of red sanders wood," the directorate general of foreign trade said in a notification.

 

The wood is an endangered species of flora protected under the Convention of International Trade in Endangered Species of Flora and Fauna. It is illegal to possess and sell the same. Red sander is found mainly in the Seshachalam hill ranges spread across Kadapa, Chittoor and Kurnool in the Rayalaseema region and parts of Nellore district in Andhra Pradesh.

The wood has huge demand abroad, especially in China and Japan, where it commands a good price. As per a media report, the wood fetches Rs 25 lakh a tonne in the international market. It is a valued item in traditional medicines and woodcraft across China, Myanmar, Japan and East Asia.

 

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT