Section 11
Power To Accord Facility To Make Import Under Bank Guarantee Facility
(1) The Government of Nepal may accord to any person the facility to import any goods under the bank guarantee facility in such manner as prescribed.
(2) The Government of Nepal may accord the facility, as prescribed, to import under the bank guarantee facility, in accordance with the prescribed terms, such raw materials or subsidiary raw materials as to be
imported by any industry for the purpose of manufacturing goods and export them or such goods as are imported for the operation of a duty free shop.
(3) In according the facility to make import pursuant to Sub- section (2), the concerned Customs Office shall take bank guarantee of the duty chargeable for such importation as well as such other duty, fee or penalty as may be chargeable or imposed on him/her in the event of violation of the terms referred to in Sub-section (2).
(2) The Government of Nepal may accord the facility, as prescribed, to import under the bank guarantee facility, in accordance with the prescribed terms, such raw materials or subsidiary raw materials as to be
imported by any industry for the purpose of manufacturing goods and export them or such goods as are imported for the operation of a duty free shop.
(3) In according the facility to make import pursuant to Sub- section (2), the concerned Customs Office shall take bank guarantee of the duty chargeable for such importation as well as such other duty, fee or penalty as may be chargeable or imposed on him/her in the event of violation of the terms referred to in Sub-section (2).