Customs duty on Containing magnesite, magnesia in the form of periclase, dolomite including in the fo in Nepal
Containing magnesite, magnesia in the form of periclase, dolomite including in the fo is classified under HS code 6815.91.00 (chapter 68, Articles of stone, plaster, cement, asbestos, mica or similar materials). 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
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:
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 Containing magnesite, magnesia in the form of periclase, dolomite including in the fo
Nepal imported about Rs 2.27 Crore of Containing magnesite, magnesia in the form of periclase, dolomite including in the fo in FY 2082/83, mainly from India.