Customs duty on Pacific salmon (Oncorhynchus nerka,Oncorhyn hus gorbuscha, Oncorhynchus keta, Onc in Nepal
Pacific salmon (Oncorhynchus nerka,Oncorhyn hus gorbuscha, Oncorhynchus keta, Onc is classified under HS code 0304.41.00 (chapter 03, Fish and crustaceans, molluscs and other acquatic invertebrates). It attracts 10% customs duty (general), or 9% from India & SAARC under SAFTA, plus 13% VAT on the CIF value and duty.
10%General duty
9%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)
10%
Rs 10,000
Rs 14,300
Rs 124,300
India & SAARC (with SAFTA certificate of origin)
9%
Rs 9,000
Rs 14,170
Rs 123,170
Importing from India or SAARC under SAFTA (with a certificate of origin) cuts the duty from 10% to 9% — 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 imported about Rs 25.0 Lakh of Pacific salmon (Oncorhynchus nerka,Oncorhyn hus gorbuscha, Oncorhynchus keta, Onc in FY 2082/83, mainly from Norway, India.