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Revised Treaty of Trade between India and Nepal.

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..... Chief Commissioners of Customs Central Excise All Chief Commissioners of LTU Sir/Madam, Sub: Revised Treaty of Trade between India and Nepal. As you are aware, Duty refund procedure (DRP) prescribed by Notification No. 20/2004-CE(NT) dated 6.9.2004 has been rescinded vide Notification No. 25/2011-CE(NT) dated 5.12.2011 w.e.f 1 st March, 2012. Exp .....

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..... under DRP procedure or as normal export in terms of Notification No. 19/2004-CE(NT) dated 6.9.2004 as amended. It is clarified that such exports shall be treated as exports under the DRP procedure and duty refund will accordingly be credited to the Govt. of Nepal as per the procedure laid down under the DRP. The rebate element will not be admissible to Indian exporters in respect of such goods. .....

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..... ny, faced in this regard may be brought to the notice of Board immediately. 5. Field formations and Trade may also be suitably informed. 6. Hindi version will follow. V.P. Singh Under Secretary(CX-6) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM .....

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