Nepal Exports - On par with other Exports
PURSUANT to Revised Treaty of Trade between Government of India and Government of Nepal, exports to Nepal have been put at par with exports to other countries (except Bhutan). In this regard, five Notification Nos. 24/2011-Central Excise (N.T), 26/2011-Central Excise (N.T), 27/2011-Central Excise (N.T), 28/2011-Central Excise(N.T), and 29/2011-Central Excise(N.T), all dated 5.12.2011 have been issued to amend earlier Notification Nos 19/2004-Central Excise(N.T) dated 6.09.2004, 42/2001-Central Excise(N.T) dated 26.06.2001, 43/2001 CE(N.T) dated 26.06.2001, 44/2001-Central Excise(N.T) dated 26.06.2001 and 45/2001-Central Excise(N.T) dated 26.06.2001, respectively. Notification no. 25/2011-Central Excise (N.T) dated 5.12.2011 has rescinded the earlier Notification No. 20/2004-Central Excise (N.T) dated 6.09.2004. These amendments abolish the existing DRP for exports to Nepal and puts export to Nepal at par with exports to other countries (except Bhutan). All these notifications have been made effective from 1st March 2012.
Board wants the field to inform the trade and bring any difficulties anticipated/ faced to the notice of the Board. But how many in the field will know what DRP means?
CBEC Circular No. 958/1/2012-CX, Dated : January 13, 2012