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Section 23
Value Added Tax and Customs Duty Exemption, Facility or Concession
The following value added tax and customs duty exemptions will be given to industries registered under this Act:-
(a) If goods produced within the country are exported to foreign countries, the value added tax on such products will be returned to the industry producing such products based on the quantity exported abroad.
(b) In case of exports by industries that do not have the facility of bonded warehouse or cash bond (passbook), the amount of duty draw back will be returned after determining the sum rate as prescribed by the Government of Nepal by publishing a notice in the Nepal Gazette.
(c) In case the industries without bonded warehouse license export their products through vouchers or through the prevailing banking system or sell domestically in exchangeable foreign currency, the raw materials or auxiliary raw materials required to produce such goods and also the packaging materials which are not produced in Nepal shall be imported. Customs duties will be allowed to be imported subject to the prescribed conditions and procedures.
(d) Notwithstanding anything written in Clause (c), in the case of packaging material that is not produced in Nepal, such industry will get the facility as per Clause (c) only if the department verifies that it is not produced in Nepal and recommends giving the facility.
(e) The customs duty levied on raw materials, auxiliary raw materials, and packaging materials required by an industry for its production will generally be one level lower than the customs duty levied on the import of finished goods produced from such raw materials.
(f) Machinery, transformers, generators with a capacity of ten kilowatts or more and industrial equipment imported by the industry for its commercial purposes shall be subject to customs duty at the minimum rate.
(g) Machinery and scientific equipment imported by quality measuring laboratories for the purpose of quality measurement and machinery and equipment imported by industry for research and development shall be subject to minimum customs duty.
(a) If goods produced within the country are exported to foreign countries, the value added tax on such products will be returned to the industry producing such products based on the quantity exported abroad.
(b) In case of exports by industries that do not have the facility of bonded warehouse or cash bond (passbook), the amount of duty draw back will be returned after determining the sum rate as prescribed by the Government of Nepal by publishing a notice in the Nepal Gazette.
(c) In case the industries without bonded warehouse license export their products through vouchers or through the prevailing banking system or sell domestically in exchangeable foreign currency, the raw materials or auxiliary raw materials required to produce such goods and also the packaging materials which are not produced in Nepal shall be imported. Customs duties will be allowed to be imported subject to the prescribed conditions and procedures.
(d) Notwithstanding anything written in Clause (c), in the case of packaging material that is not produced in Nepal, such industry will get the facility as per Clause (c) only if the department verifies that it is not produced in Nepal and recommends giving the facility.
(e) The customs duty levied on raw materials, auxiliary raw materials, and packaging materials required by an industry for its production will generally be one level lower than the customs duty levied on the import of finished goods produced from such raw materials.
(f) Machinery, transformers, generators with a capacity of ten kilowatts or more and industrial equipment imported by the industry for its commercial purposes shall be subject to customs duty at the minimum rate.
(g) Machinery and scientific equipment imported by quality measuring laboratories for the purpose of quality measurement and machinery and equipment imported by industry for research and development shall be subject to minimum customs duty.