(1) Goods or services imported into Nepal ……… shall be taxed at the rate applicable to goods or services supplied within Nepal.
(2) When fixing the price for the purpose of determining the tax on the goods or services to be imported, the price shall be fixed by adopting the procedure as per sub-section (5) and (6) of section 12 of the Act.
(3) If the price of the imported goods cannot be maintained at the time of importation, such goods shall be allowed to be brought into Nepal only by taking a bond to cover all taxes or duties levied on such goods. A registered person will not be allowed to deduct the tax paid on such goods or services until the value of the imported goods or services is maintained.
(4) If an item is imported with a bond, tax deduction can be claimed only up to one year from the date of price adjustment.