TMI BlogExempts specified goods when imported into India from Nepal, from the whole of customs duty subject to certain conditionsX X X X Extracts X X X X X X X X Extracts X X X X ..... of 1962) , and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 94/2010 - Customs dated the 15th September, 2010 , published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 761(E) dated the 15th September, 2010, except as respects things done or omitted to be done before such supersession, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods specified in column (2) of the Table below, when imported into India from Nepal, from the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) 1 [ and from t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ak tail; (xv) Stone aggregate, boulder, sand and gravel; 2. All manufactured goods other than the following, namely: - 2 (i). Alcoholic liquors or beverages and their concentrates except industrial spirits; (ii). Perfumes and cosmetics with non-Nepalese or non-Indian brand names; (iii). Cigarettes and tobacco; (iv).Vegetable fats (Vanaspati); (v). Acrylic yarn; (vi). Copper products falling under Chapter 74 and heading 85.44 of the First Schedule to the said Customs Tariff Act , and (vii). Zinc Oxid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oor or sub soil thereof, in accordance with the provisions of the United Nation's Convention on the Law of the Sea (UNCLOS). (iii) Used articles collected in Nepal, fit only for the recovery of raw materials. (iv) Waste and scrap resulting from manufacturing operations conducted in Nepal. Or, (2) (a) The goods involve a manufacturing process in Nepal that brings about a change in classification, at four digit level, of the Harmonized Commodities Description and Coding System, different from those, in which all the third country origin materials used in the manufacture of such goods are classified and the manufacturing process is not limited to insufficient workin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (ix). a combination of two or more operations specified in (i) to (vii) above. and, (b) the total value of materials, parts or produce originating from countries other than Nepal or India or of undetermined origin used does not exceed 70% (seventy percent) of the FOB price of the articles produced, and the final process of manufacturing is performed within the territory of Nepal. Explanation:-For the purpose of this notification, the total value of materials, parts or produce originating from countries other than Nepal or India shall be the CIF value at the time of importation of materials, parts or produce, at the point of entry in Nepal, where this can be proven to the satisfaction of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. FOB value of the articles manufactured in Nepal : 10. (i) Whether articles are manufactured in Nepal under Para 1(a) of the Protocol to Article V of the Treaty of Trade - (Yes/No): (ii) If articles are manufactured in Nepal under Para 1 (b) (i) and (ii) of the Protocol to Article V of the Treaty of Trade: (A) CIF value of materials, parts or produce originating from Non-Contracting Parties (i.e. other than Nepal and India ) at the point of entry in Nepal :- (B) Value of materials, parts or produce of undetermined origin:- 11. Percentage of the sum of the value of column 10(ii) (A) and (B) to the value of column 9: 12. Declaration ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f Indian Customs: The consignment has been examined and allowed to be imported into India as it complies with the provisions as stipulated under Article V of the Treaty of Trade between the Government of Nepal and Government of India. ________________________ Signature and Seal of the Certifying Authority. Dated: Place: ---------------------------------------------------------------------------------------------------- 3. (A) The exemption shall apply only to a specified quantity of imports, not exceeding:- (i). 100,000 MT in case of Vegetable fats (Vanaspati); (ii). 10,000 MT in case of Acrylic yarn; ..... X X X X Extracts X X X X X X X X Extracts X X X X
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