What is the HS code for Medicaments of insulin, for retail sale in Nepal?

The Nepal customs HS code for Medicaments of insulin, for retail sale is 3004.31.00 (chapter 30 — Pharmaceutical products).

Customs duty on Medicaments of insulin, for retail sale in Nepal

Q: What is the customs duty on Medicaments of insulin, for retail sale in Nepal?

The customs duty on Medicaments of insulin, for retail sale (HS 3004.31.00) is 15% (general). From India or another SAARC country under SAFTA, with a certificate of origin, it is 14%. On top of customs duty, 13% VAT applies on the CIF value plus duty.

Medicaments of insulin, for retail sale is classified under HS code 3004.31.00 (chapter 30, Pharmaceutical products). It attracts 15% customs duty (general), or 14% from India & SAARC under SAFTA, plus 13% VAT on the CIF value and duty.

15%General duty

14%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)	14%	Rs 14,000	Rs 14,820	Rs 128,820

Importing from India or SAARC under SAFTA (with a certificate of origin) cuts the duty from 15% to 14% — about Rs 1,130 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 Medicaments of insulin, for retail sale

Nepal imported about Rs 59.89 Crore of Medicaments of insulin, for retail sale in FY 2082/83, mainly from India, Germany, France.

Source country	Import value (FY 2082/83)
India	Rs 72.12 Crore
Germany	Rs 20.81 Crore
France	Rs 7.99 Crore
Malaysia	Rs 3.09 Crore
Italy	Rs 4.2 Lakh

Related products

Other - Medicaments put up in measured doss or in forms or packing for retail saleHS 3004.90.90 · 15% duty Vaccines for human medicineHS 3002.41.00 · Free duty Vaccines for veterinary medicineHS 3002.42.00 · Free duty Medicaments of other antibiotics, for retail saleHS 3004.20.00 · 15% duty Homoeopathic medicaments(Pure ayurvedican yunani)HS 3004.90.10 · 10% duty Other medicaments of vitamins or other products of 2936 for retail saleHS 3004.50.00 · 15% duty Other wadding, gauze, bandage and similar articles for medical surgical, dental or veHS 3005.90.90 · 10% duty Others - Medicaments, not put in measured ses or in forms or packing for retailHS 3003.90.90 · 15% duty

Full landed-cost calculator Open 3004.31.00 in the tariff Chapter 30