Nepal imports - exemption from CVD
The Government has exempted a large number of Nepa goods from Additional duty of customs. The goods should have been manufactured in Nepa wholly from Nepalese materials or Indian materials or Nepalese and Indian materials.
One of the conditions is:-
The products worked on or processed as a result of which the total value of materials, parts or produce originating from countries other than India or Nepal or of undetermined origin used -
i) | does not exceed seventy per cent. in any time period , which commences on the 6 th day of March in a given calendar year and ends on the 5 th day of March of the subsequent calendar year ; and |
iii) | the final process of manufacture is performed in Nepal . |
If you have any doubt as to what the value is, that is explained;
Explanation - For the purpose of this notification, the value of materials, parts or produce originating from countries other than India or Nepal 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 the Assistant Commissioner of Customs or Deputy Commissioner of Customs, or the earliest ascertainable price paid for the materials, parts or produce of undetermined origin in Nepal where the working or processing takes place.
But how on earth can this be proven to the satisfaction of the Assistant Commissioner/Deputy Commissioner? But that is how government notifications are made!
NOTIFICATION NO. 78/2006-Cus., Dated: August 8, 2006