export to Nepal

[jaineet singh]

hello sirs, we are small scale businessmen from Amritsar /Punjab. we deal in textile machinery parts and items. sometimes we also export the items to Nepal. after GST implimentation, there is a lot of confusion in sending export to Nepal.Earlier it was an easy task as not many documents were needed and export to Nepal was free too. but now there are changes . please discuss the changes made in export law fr sending goods to Nepal.we come under the slab of 18% and we do not issue invoice amount of more than 20k.

waiting for a feedback

[PAWAN KUMAR]

Dear Sir,

Nepal export is similar to old provisions as were in excise law. The main thing which has changed is ARE-1 not required to be prepared. The export can be done under LUT/Bond without igst payment or on igst payment.

[Himansu Sekhar]

Export to Nepal is like any other export. Please apply for Out or bond for export without payment of duty. Otherwise you can pay tax and claim refund.

[Himansu Sekhar]

Sorry, it is Lut not out.

,

[Kishan Barai]

Export to Nepal is now much more easier then before, now no need of ARE -1, Bond or BG, only LUT will do as coined by Himanshu jee

AI Summary

Export to Nepal under GST: exporters can use a LUT to avoid IGST payment, or pay tax and claim refund. Export to Nepal under GST can be treated like any other export: ARE-1 is not required, and exports may be made without IGST payment by furnishing a Letter of Undertaking (LUT); alternatively, exporters may pay IGST and claim refund. Bonds or bank guarantees are not necessarily required where LUT is accepted, though paying tax and seeking refund remains an available route.