TaxTMI 
TaxTMI 
Exempts certain goods, from customs duty, when imported into India from Nepal, subject to certain conditions
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....f the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), read with sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and ­­­­­­­­­in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 40/2002 -Customs dated the 12th April, 2002, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) dated the 12th April, 2002 vide number G.S.R. 281 (E) dated the 12th April, 2002, except as respects things done or omitted to be done before such supersession, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts g....
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.... (x) Ghani-produced oil and oil-cakes; (xi) Herbs, Ayurvedic and herbal medicines including essential oils and its extracts; (xii) Articles produced by village artisans as are mainly used in villages; (xiii) Akra (xiv) Yak tail; (xv) Stone aggregate, boulder, sand and gravel; 1 2. All manufactured goods other than the following, namely: - (i). Alcoholic liquors or beverages and their concentrates except industrial spirits; (ii). Perfumes and cosmetics with non-Nepalese or non-Indian brand names; (iii). Cigarettes and tobacco; (iv). Vegetable fats (Vanaspat....
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....national jurisdiction of Nepal, provided it has the exclusive rights to exploit that seabed, ocean floor or sub soil thereof, in accordance with the provisions of the United Nation's Convention on the Law of the Sea (UNCLOS). (iii) Used articles collected in Nepal, fit only for the recovery of raw materials. (iv) Waste and scrap resulting from manufacturing operations conducted in Nepal. Or, (2) (a) The goods involve a manufacturing process in Nepal that brings about a change in classification, at four digit level, of the Harmonized Commodities Description and Coding System, different from those, in which all the third country origin materials used in the manufacture of such goods are classified and th....
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.... a combination of two or more operations specified in (i) to (vii) above. and, (b) the total value of materials, parts or produce originating from countries other than Nepal or India or of undetermined origin used does not exceed 70% (seventy percent) of the FOB price of the articles produced, and the final process of manufacturing is performed within the territory of Nepal. Explanation:-For the purpose of this notification, the total value of materials, parts or produce originating from countries other than Nepal or India shall be the CIF value at the time of importation of materials, parts or produce, at the point of entry in Nepal, where this can be proven to the satisfaction of Deputy Commissioner of Customs or the Assis....
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....riff Line): 5. Marks and number of packages: 6. Description of Articles : 7. Gross weight or other quantity : 8. Number and date of Invoice together with value: 9. FOB value of the articles manufactured in Nepal : 10. (i) Whether articles are manufactured in Nepal under Para 1(a) of the Protocol to Article V of the Treaty of Trade - (Yes/No): (ii) If articles are manufactured in Nepal under Para 1 (b) (i) and (ii) of the Protocol to Article V of the Treaty of Trade: (A) CIF value of materials, parts or produce originating from Non-Contracting Parties (i.e. other than Nepal and India ) at the point of entr....
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....dia. It is further certified that: 1. The articles have been manufactured in Nepal at a factory situated at _____ (name of place/district) by M/s. ___ (name of the company). 2. The articles involve manufacturing activity in Nepal and that the manufacturing activity satisfies the criteria given in the Protocol to Article V of the Treaty of Trade. 3. The articles in question are not products of third country origin.* For the Government of Nepal (Place and date, Signature and Stamp of Certifying Authority) *For the purpose of the above Item No. 3, the articles which have undergone a manufacturing process in Nepal as defined in the Protocol to Article V of the Treaty shall not be treated as product of third coun....