K.Sanu Bhagat (Accounts Enthusiast) (122 Points)
15 June 2012Hello there..i would just like to know the procedure regarding Export for Nepal in 2012..with the new procedures, i am confused if i will get a refund of my paid Duties or won't have to pay any duty by claiming Rebate...what will it be??
Thanks in advance.
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 18 June 2012
There was a separate procedure prescribed under Central Excise Act/ Rules for export to Nepal vide notification No. 20/2004. On December 5, 2011 the Central Government rescinds the notification No. 20/004 with effect form 01/03/2012. So now Export to Nepal is covered with Notification No. 19/2004, that means similar process to other countries except Bhutan.
Now you can export with payment of duty and claim reabte under Rule 18 to export to Nepal or you can export without payment of duty under Rule 19 (Bond/ LUT).
HS Negi
(Senior Executive- F&A)
(590 Points)
Replied 19 June 2012
Yes
Agree with Mr. Sunil Kumar.
Regards
HS Negi
Apurva Khandelwal
(Sales)
(46 Points)
Replied 17 August 2012
Does Exporter to Nepal and Bhutan is entitled to any Duty Draw back or DEPB benefit? If yes what is the process?
CAclubindia
