Customs duty on Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si in Nepal

Q: What is the customs duty on Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si in Nepal?

The customs duty on Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si (HS 7203.10.00) is 5% (general). On top of customs duty, 13% VAT applies on the CIF value plus duty.

Q: What is the HS code for Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si in Nepal?

The Nepal customs HS code for Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si is 7203.10.00 (chapter 72 — Iron and steel).

Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si is classified under HS code 7203.10.00 (chapter 72, Iron and steel). It attracts 5% customs duty (general), plus 13% VAT on the CIF value and duty.

5%General duty

5%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)	5%	Rs 5,000	Rs 13,650	Rs 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 Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si

Nepal imported about Rs 1341.31 Arab of Ferrous products obtained by direct reduct on of iron ore,in lumps,pellets or si in FY 2082/83, mainly from India, China.

Source country	Import value (FY 2082/83)
India	Rs 58.52 Arab
China	Rs 59,000

Related products

Flat/hot-rolled iron/steel,in colis, width >=600mm, not pickled,<3mm thicknessHS 7208.39.00 · 5% duty Semi-finished products of iron or non-allo steel, <025% carbon, nesHS 7207.19.00 · 5% duty Bar & rods, hot-rolled circular cross-sect on measuring <=8mm in diameterHS 7213.91.10 · 5% duty Non-alloy pig iron containing, =<05% phos p orus, in pigs, blocks or other primerHS 7201.10.00 · 5% duty Flat-rolled iron/steel, width >=600mm, <0 5 m thickness, clad, plated or coated wHS 7210.12.00 · 5% duty Flat/hot-rolled iron/steel,not in coils, w dth >=600mm, > 10mm thicknessHS 7208.51.00 · 5% duty Flat/hot-rolled iron/steel,in coils, width =600mm,not pickled,>=3mm but<475mm thHS 7208.38.00 · 5% duty Flat/hot-rolled iron/steel,in coils, width =600mm,not pickled,>=475mm but<=10mmHS 7208.37.00 · 5% duty

Full landed-cost calculator Open 7203.10.00 in the tariff Chapter 72