Customs duty on Cards incorporating a magnetic stripe in Nepal

Cards incorporating a magnetic stripe is classified under HS code 8523.21.00 (chapter 85, Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles). It attracts 5% customs duty (general), plus 13% VAT on the CIF value and duty.

5%General duty
5%India & SAARC (SAFTA)
13%VAT
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:

OriginCustoms dutyDuty amountVAT (13%)Landed cost
General (any origin)5%Rs 5,000Rs 13,650Rs 118,650

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 Cards incorporating a magnetic stripe

Nepal imported about Rs 2.09 Arab of Cards incorporating a magnetic stripe in FY 2082/83, mainly from India, China, Thailand.

Source countryImport value (FY 2082/83)
IndiaRs 5.66 Crore
ChinaRs 4.53 Crore
ThailandRs 2.40 Crore
SingaporeRs 1.97 Crore
United StatesRs 3.3 Lakh

Related products

Optical fibre cables made up of individual y sheathed fibresHS 8544.70.00 · Free dutyParts for electric filament or discharge l mpsHS 8539.90.00 · 10% dutyPrimary cells and primary batteries, manga ese dioxideHS 8506.10.00 · 30% dutyLight-emitting diodes (LED)HS 8541.41.00 · Free dutyDiodes, other than photosensitive or light-emitting diodes (LED)HS 8541.10.00 · Free dutyParts of apparatus of 8535 to 8537, nesHS 8538.90.00 · 10% dutyElectric conductors, nes, for a voltage <= 000V, not fitted with connectorsHS 8544.49.00 · Free dutyParts of electric accumulatorsHS 8507.90.00 · 10% duty
Full landed-cost calculatorOpen 8523.21.00 in the tariffChapter 85