Customs duty on Bars and rods of free-cutting steel, hot-r lled,hot-drawn or hot-extruded, ne in Nepal

Bars and rods of free-cutting steel, hot-r lled,hot-drawn or hot-extruded, ne is classified under HS code 7214.30.00 (chapter 72, Iron and steel). It attracts 30% customs duty (general), plus 13% VAT on the CIF value and duty.

30%General duty
30%India & SAARC (SAFTA)
13%VAT
kgCustoms unit

Landed cost — worked example

For a shipment with a CIF value of Rs 100,000 (cost + insurance + freight to the Nepal border), the customs duty and VAT work out as:

OriginCustoms dutyDuty amountVAT (13%)Landed cost
General (any origin)30%Rs 30,000Rs 16,900Rs 146,900

Excise duty, the road-development fee and other charges apply to specific goods (vehicles, alcohol, tobacco, petroleum…) and are not in the figure above. Open the full calculator →

Nepal’s imports of Bars and rods of free-cutting steel, hot-r lled,hot-drawn or hot-extruded, ne

Nepal imported about Rs 43.1 Lakh of Bars and rods of free-cutting steel, hot-r lled,hot-drawn or hot-extruded, ne in FY 2082/83, mainly from India, China.

Source countryImport value (FY 2082/83)
IndiaRs 7.0 Lakh
ChinaRs 3,000

Related products

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Full landed-cost calculatorOpen 7214.30.00 in the tariffChapter 72