Rule 12
Terms And Conditions To Be Followed By The Industry Or Person Having Bonded Warehouse Facility
(1) The industry with bonded warehouse facility shall export the goods through Letter of Credit or banking documents.
(2) The industry with bonded warehouse facility shall export the finished products within Eleven months from the date of import of raw materials or auxiliary raw materials (including packing materials not produced in Nepal).
(3) On the export of the finished product made of imported raw materials or auxiliary raw materials (including packing materials not produced in Nepal) by the industry with bonded warehouse facility as per Rule 10, the value addition on export shall be 1 Ten percent over the value as determined by the Customs office Customs.
(4) While evaluating the percentage of value addition pursuant to Sub-rule (3) the cost determined by the customs at the time of imports pursuant to Rule 10 on the production of such goods shall be deducted from the FOB cost and the residual amount shall be divided by value determined by the Customs at the time of import of materials used in the finished product and the amount so derived from division is multiplied by Hundred, which shall be the rate of value added in this case.
(5) The person who has received the license of bonded warehouse, shall sale the goods from the duty free shop in One year from the date of import as imported for the sale in duty free shop.
(6) The textile industry importing yarn pursuant to Sub-rule (2) of Rule 11 shall sale its textile made from such yarn to the export oriented garment industry within Eleven months from the date of import of yarn.
(2) The industry with bonded warehouse facility shall export the finished products within Eleven months from the date of import of raw materials or auxiliary raw materials (including packing materials not produced in Nepal).
(3) On the export of the finished product made of imported raw materials or auxiliary raw materials (including packing materials not produced in Nepal) by the industry with bonded warehouse facility as per Rule 10, the value addition on export shall be 1 Ten percent over the value as determined by the Customs office Customs.
(4) While evaluating the percentage of value addition pursuant to Sub-rule (3) the cost determined by the customs at the time of imports pursuant to Rule 10 on the production of such goods shall be deducted from the FOB cost and the residual amount shall be divided by value determined by the Customs at the time of import of materials used in the finished product and the amount so derived from division is multiplied by Hundred, which shall be the rate of value added in this case.
(5) The person who has received the license of bonded warehouse, shall sale the goods from the duty free shop in One year from the date of import as imported for the sale in duty free shop.
(6) The textile industry importing yarn pursuant to Sub-rule (2) of Rule 11 shall sale its textile made from such yarn to the export oriented garment industry within Eleven months from the date of import of yarn.