EXPORT TO NEPAL

[manoj gupta]

We are a merchant exporter dealing in minerals with Nepal. Since our product has no excise, It was simple in previous regeim.

Now please advice me how to prepare export invoice. Shall I need to give LUT/BOND to custom/excise department

or I can export by charging 5 % IGST & getting its credit by submitting shipping bills & bill of lading to authority.

[Himansu Sekhar]

1. You can export after getting bond. You may not Gert lut as the conditions prescribed may not be satisfied by you.the export with the filing of bond will not attract any igst.

2. You can export after payment of igst and claim refund.

3. Please read the circular issued by board available at cbec.gov.in for LUT/bond

4. The invoice will be issued with the marking as goods for export.

5. Visit any department help desk to get the detail procedure.

[KASTURI SETHI]

Export to Nepal is at par with other countries. This is in addition to reply posted by Sh. Himansu Sekher, an expert.

AI Summary

Export under bond or LUT avoids IGST; otherwise pay IGST and claim refund for exports. Merchant exporters to Nepal may export under bond/LUT-if conditions for LUT are met-to avoid IGST, or alternatively export after paying IGST and claim a refund. Invoices should be marked as goods for export and exporters must retain shipping bills and bills of lading; consult the revenue board circular and departmental help desks for procedural details.