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of <h1>India Allows Duty-Free Export of Petroleum Products to Nepal Under Specific Conditions, Involving Bond Execution and Strict Verification Process.</h1> The Central Government permits the export of petroleum oil and lubricant products to Nepal without excise duty through the Nepal Oil Corporation. The Indian Oil Corporation must execute a bond to cover the export removals. A detailed procedure is outlined, requiring preparation of multiple invoice copies, verification by Central Excise and Customs officers, and sealing of goods. The goods must be presented to customs at designated land customs stations, and records must be maintained for accountability. Exporters must ensure goods reach Nepal, with penalties for non-compliance. The procedure includes specific documentation and verification steps to facilitate duty-free export.
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