Customs duty on Belts and bandoliers of leather or composi ion leather in Nepal
Belts and bandoliers of leather or composi ion leather is classified under HS code 4203.30.00 (chapter 42, Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)). It attracts 15% customs duty (general), or 7.25% from India & SAARC under SAFTA, plus 13% VAT on the CIF value and duty.
15%General duty
7.25%India & SAARC (SAFTA)
13%VAT
kg/nosCustoms 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:
Origin
Customs duty
Duty amount
VAT (13%)
Landed cost
General (any origin)
15%
Rs 15,000
Rs 14,950
Rs 129,950
India & SAARC (with SAFTA certificate of origin)
7.25%
Rs 7,250
Rs 13,942
Rs 121,192
Importing from India or SAARC under SAFTA (with a certificate of origin) cuts the duty from 15% to 7.25% — about Rs 8,758 less on this Rs 100,000 example, once the VAT on the saved duty is counted. How SAFTA & the certificate of origin work →
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 Belts and bandoliers of leather or composi ion leather
Nepal imported about Rs 2.89 Arab of Belts and bandoliers of leather or composi ion leather in FY 2082/83, mainly from China, India, Singapore.