Section 25
Exemptions, Facilities Or Concessions Relating To Customs Duty
An industry registered under this Act is entitled to the following customs duty exemptions:
(a) for exports by those industries without the facility of bonded Warehouse or passbook , the Ministry of Finance shall determine the rate of duty draw back and publish a notice in the Nepal Gazette. The Ministry must refund the amount of duty draw back according to the rate so determined, through the One Stop Service Centre;
(b) if an industry which has not obtained a license of bonded warehouse is to export its products through a letter of credit or prevailing banking system or sells them within Nepal in foreign currency, it may import
such raw materials or subsidiary raw materials and packaging materials that is not produced in Nepal as required for the production of such goods by depositing customs duty leviable on such import, subject to the prescribed terms and procedures;
(c) notwithstanding anything contained in clause (b), such industry is entitled to the facility under clause (b) if the Department certifies that such packagingmaterials are not produced in Nepal and recommends for that facility;
(d) customs duty on raw materials, subsidiary raw materials, and packaging materials as required for production by an industry is generally less by one level than customs duty on imports of finished goods produced from such raw materials;
(e) minimum customs duty rate shall be applied on import of a machinery, generatoror industrial equipment with the capacity of tenor more Kilowatt imported by an industry for its commercial purpose;
(f) minimum customs duty rate shall be applied for a machinery and scientific equipment imported by a laboratory testing quality for the purpose of testing quality and a machinery and equipment imported by an industry for research and development;
(g) an industry producing intermediate goods used in industrial goods to be exported is entitled to refund of the custom duty paid by that industry on the produced goods based on the quantity of export.
Provided that such amount is not refunded if application is not made for such refund within one year after the export.
(a) for exports by those industries without the facility of bonded Warehouse or passbook , the Ministry of Finance shall determine the rate of duty draw back and publish a notice in the Nepal Gazette. The Ministry must refund the amount of duty draw back according to the rate so determined, through the One Stop Service Centre;
(b) if an industry which has not obtained a license of bonded warehouse is to export its products through a letter of credit or prevailing banking system or sells them within Nepal in foreign currency, it may import
such raw materials or subsidiary raw materials and packaging materials that is not produced in Nepal as required for the production of such goods by depositing customs duty leviable on such import, subject to the prescribed terms and procedures;
(c) notwithstanding anything contained in clause (b), such industry is entitled to the facility under clause (b) if the Department certifies that such packagingmaterials are not produced in Nepal and recommends for that facility;
(d) customs duty on raw materials, subsidiary raw materials, and packaging materials as required for production by an industry is generally less by one level than customs duty on imports of finished goods produced from such raw materials;
(e) minimum customs duty rate shall be applied on import of a machinery, generatoror industrial equipment with the capacity of tenor more Kilowatt imported by an industry for its commercial purpose;
(f) minimum customs duty rate shall be applied for a machinery and scientific equipment imported by a laboratory testing quality for the purpose of testing quality and a machinery and equipment imported by an industry for research and development;
(g) an industry producing intermediate goods used in industrial goods to be exported is entitled to refund of the custom duty paid by that industry on the produced goods based on the quantity of export.
Provided that such amount is not refunded if application is not made for such refund within one year after the export.