Customs duty on Powders of pig iron, spiegeleisen, iron or steel (excl alloy steel) in Nepal
Powders of pig iron, spiegeleisen, iron or steel (excl alloy steel) is classified under HS code 7205.29.00 (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 Powders of pig iron, spiegeleisen, iron or steel (excl alloy steel)
Nepal imported about Rs 33.7 Lakh of Powders of pig iron, spiegeleisen, iron or steel (excl alloy steel) in FY 2082/83, mainly from India, China, Korea, Republic of.