Nepal - Import Tariffs Nepal - Import Tariffs
Special Duty Reductions of five or ten percent have been given to imports from the Tibet Autonomous Region of the People's Republic of China, member countries of the South Asian Association for Regional Cooperation (SAARC), and designated most-favored nations.
Nepal is building its first Export Processing Zone (EPZ) in Simara, near the Nepal-India border town of Birgunj. This EPZ is expected to provide a special facility for the manufacture and export of garments in particular. Any industry exporting 90 percent or more of its products is entitled to privileges equivalent to those normally provided by an EPZ – e.g., no tax, duty, or fee is levied on the machinery, tools, and raw materials used by the industry in manufacturing the exported products. Export-oriented industries may also enjoy the benefits of bonded warehouse facilities. Raw materials can be imported via entry in a passbook without paying custom duty or VAT. The same value is deducted from the passbook upon export of the finished product. The enterprise must also submit a bank guarantee sufficient to cover applicable duties.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.