TMI BlogNepal Export Procedure-RegX X X X Extracts X X X X X X X X Extracts X X X X ..... R/Sir Please told new procedure in Nepal Export ....................... - Reply By Pradeep Khatri - The Reply = 29/2011 - C.E (N.T.) , dated 05-12-2011 Regarding revised treaty between India and Nepal 28/2011 - C.E (N.T.), dated 05-12-2011Regarding revised treaty between India and Nepal 27/2011 - C.E (N.T.) , dated 05-12-2011Regarding revised treaty between India and Nepal 26/20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11 - C.E (N.T.) , dated 05-12-2011 Regarding revised treaty between India and Nepal 25/2011 - C.E (N.T.) , dated 05-12-2011 Regarding revised treaty between India and Nepal 24/2011 - C.E (N.T.), dated 05-12-2011Regarding revised treaty between India and Nepal - Reply By NEERAJ KUMAR, RANCHI - The Reply = Dear Pathak ji In addition to above, for your ease, I wish to mention here tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t now Nepal export is like any other export made to any other countries, except to Bhutan , However export to Nepal can be made in Indian currency also. In place of nepal invoice you need to use ARE-1 . - Reply By Pradeep Khatri - The Reply = In continution to the aforesaid, if exports are being sent and payment are being received in India Rupees then there would not be any benefit available un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der export promotion scheme and if the goods are being imported and futher exported to Nepal, even then, no duty drawback will be available under Section 74 of the Customs Act, 1962 . - Reply By Suminder Patial - The Reply = Dear Neeraj Ji, there is little bit confussion on payment receive in Indian currency because of notification no 29/2011 is also saying " 2) sub-paragraph (2) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relating to Export to Nepal in bond against payment in Indian rupee. shall be omitted; It will be thankful to you if guide us about it can be make our export to nepal without payment of Excise duty when we recive payment in Indian rupee? - Reply By Sanjay Sharma - The Reply = Dear Suminder Patial, Neither Rule 18 or Rule 19 of Central Excise Rule, 2002 , nor the above menti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oned notifications make any distinction on the basis of mode of payment of currency for exports. It is therefore clarified that exports to Nepal will continue to be permissible irrespective of whether the payments are made in Indian currency or foreign convertible currency as long as they are in accordance with applicable RBI guidelines. Pls. refer - Circular No. 961/04/2012-CX. , Dated: March ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 26, 2012 Regards, Sanjay Sharma - Reply By NEERAJ KUMAR, RANCHI - The Reply = Yes I do agree with Mr Sharma. - Reply By Abhishek k - The Reply = Hi, Dont you think so that Drawback and other EXport Promotion Benefits should be allowed even if the billing is in INR to Nepal? - Reply By RAM SHARMA - The Reply = Dear Sir, will we submit BRC in excise department for final proof of expo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt or can we submit bank statement in excise department for final proof of export. thanks - Nepal Export Procedure-Reg - Query Started By: - Balram Pathak Dated:- 26-6-2012 Central Excise - Got 8 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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