You are viewing the translated version of भन्सार महसुल छुट.
Section 29
Customs Duty Exemption
(1) Customs duty and other facilities will be provided as follows on the recommendation of the authority for the goods imported by the industries established in the special economic zone:-
(a) In case of exporting or selling domestically in convertible foreign currency, to import the raw materials and auxiliary raw materials (including packing materials) required for the production of such goods by taking a bank guarantee for the customs duties and other fees incurred while importing,
(b) To import the plant, machinery, equipment and spare parts required for the industry by taking a bank guarantee, (c) If the plant, machinery, equipment and spare parts imported as per clause (b) are certified by the relevant industry authority, the bank guarantee taken as per clause (b) shall be released.
(d) One percent customs duty shall be levied on one vehicle imported by the industry to be used by the industry for transporting its workers and employees and on the means of transport used for transporting goods.
(2) If an importer sells the imported goods to an industry located in the Special Economic Zone as prescribed, if he has paid customs duty while importing such goods, the customs office shall refund such customs duty to him as prescribed.
(3) If finished goods produced by an industry located outside the Special Economic Zone are sold to an industry located within the Special Economic Zone, the sale shall be treated as an export, and the same customs duties and other facilities shall be provided.
(4) If the goods manufactured by the industries established in the special economic zone are sold for consumption in Nepal by the related industries, the goods made from the imported raw materials under customs duty exemption shall be allowed to be taken out of the special economic zone only after paying the duty on the raw materials used in such goods.
(5) The Government of Nepal may publish a notice in the Nepal Gazette and issue an order regarding the transfer of ownership of goods imported by the industry in the special economic zone to someone inside or outside the special economic zone. It will be the duty of the concerned industry to comply with such orders.
(a) In case of exporting or selling domestically in convertible foreign currency, to import the raw materials and auxiliary raw materials (including packing materials) required for the production of such goods by taking a bank guarantee for the customs duties and other fees incurred while importing,
(b) To import the plant, machinery, equipment and spare parts required for the industry by taking a bank guarantee, (c) If the plant, machinery, equipment and spare parts imported as per clause (b) are certified by the relevant industry authority, the bank guarantee taken as per clause (b) shall be released.
(d) One percent customs duty shall be levied on one vehicle imported by the industry to be used by the industry for transporting its workers and employees and on the means of transport used for transporting goods.
(2) If an importer sells the imported goods to an industry located in the Special Economic Zone as prescribed, if he has paid customs duty while importing such goods, the customs office shall refund such customs duty to him as prescribed.
(3) If finished goods produced by an industry located outside the Special Economic Zone are sold to an industry located within the Special Economic Zone, the sale shall be treated as an export, and the same customs duties and other facilities shall be provided.
(4) If the goods manufactured by the industries established in the special economic zone are sold for consumption in Nepal by the related industries, the goods made from the imported raw materials under customs duty exemption shall be allowed to be taken out of the special economic zone only after paying the duty on the raw materials used in such goods.
(5) The Government of Nepal may publish a notice in the Nepal Gazette and issue an order regarding the transfer of ownership of goods imported by the industry in the special economic zone to someone inside or outside the special economic zone. It will be the duty of the concerned industry to comply with such orders.