Paints & varnishes based on acrylic or vinyl polymers, in a non-aqueous medium is classified under HS code 3208.20.00 (chapter 32, Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints and varnishes; putty and other mastics; inks). It attracts 30% customs duty (general), plus 13% VAT on the CIF value and duty.
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 |
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 14.53 Crore of Paints & varnishes based on acrylic or vinyl polymers, in a non-aqueous medium in FY 2082/83, mainly from India, China, Thailand.
| Source country | Import value (FY 2082/83) |
|---|---|
| India | Rs 2.92 Crore |
| China | Rs 1.87 Crore |
| Thailand | Rs 58.4 Lakh |
| France | Rs 9.9 Lakh |
| Indonesia | Rs 3.3 Lakh |