"Time up to April 30, 2016 has been allowed to the Government of Andhra Pradesh and Directorate of Revenue Intelligence (DRI) to finalise the modalities and export of respective allocated quantity of red sander wood," Director General of Foreign Trade (DGFT) 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.
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.
It said that this time (April 2016) was prescribed for export of 1998.5917 tonnes value added products of Red Sanderswood by government of Andhra Pradesh.
The whole process of export should be completed latest by April 30, 2016, it added.
"This shall be subject to such orders, as passed by the Honourable High Court of Madras or such submissions as made before the Honourable High Court of Madras...," it added.
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