Customs duty on Intraocular contact lenses in Nepal
Intraocular contact lenses is classified under HS code 9001.30.10 (chapter 90, Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof). It attracts 30% customs duty (general), or 9.5% from India & SAARC under SAFTA, plus 13% VAT on the CIF value and duty.
30%General duty
9.5%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:
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)
9.5%
Rs 9,500
Rs 14,235
Rs 123,735
Importing from India or SAARC under SAFTA (with a certificate of origin) cuts the duty from 30% to 9.5% — about Rs 23,165 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 Intraocular contact lenses
Nepal imported about Rs 22.84 Crore of Intraocular contact lenses in FY 2082/83, mainly from India, Thailand, United States.