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Nepal Tariffs and Taxes

Discussion of Nepal barter & countertrade, tariffs and taxes, prohibited imports, import controls and business travel & etiquette: entry/exit Requirements.

Nepal Tariffs and Taxes

Postby bridgat » Sun Nov 16, 2008 1:46 pm

TARIFFS AND IMPORT TAXES/CUSTOMS VALUATION

Duty/Tariff
-Varies from zero to 80% according to the Harmonized System of classification (HS number)
-duty is generally assessed on the cost, insurance, and freight (c.i.f.) value; sales tax is levied on c.i.f. value plus customs duty

Taxes
-imported goods are liable for a value added tax (VAT) of 13% and a local development tax of 1.5%
bridgat
 
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