Customs duty on Expanded metal of iron or steel in Nepal
Expanded metal of iron or steel is classified under HS code 7314.50.00 (chapter 73, Articles of iron and steel). It attracts 30% customs duty (general), or 11.25% from India & SAARC under SAFTA, plus 13% VAT on the CIF value and duty.
30%General duty
11.25%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)
30%
Rs 30,000
Rs 16,900
Rs 146,900
India & SAARC (with SAFTA certificate of origin)
11.25%
Rs 11,250
Rs 14,462
Rs 125,712
Importing from India or SAARC under SAFTA (with a certificate of origin) cuts the duty from 30% to 11.25% — about Rs 21,188 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 Expanded metal of iron or steel
Nepal imported about Rs 4.65 Crore of Expanded metal of iron or steel in FY 2082/83, mainly from India, China.