Procedure for exports to Nepal & Bhutan from India slightly departed from general export Rules 18 & 19 of Central Excise Rules, 2002 and where specified in notification number 45/2001-CE (N.T.) dated 26.6.2001. Now Nepal has been removed from the ambit of the above mentioned notification and therefore procedure for export to Nepal will also comply with Rule 18 & 19 of Central Excise Rules 2002.
The Ministry of Finance has issued a series of notifications from numbers 24 to 29 /2011 (N.T.) dated 5.12.2011 to be effective from 1st March 2012 so that exports to Nepal is not governed under specific procedures but general procedures as followed for exports to all other countries.
This change comes in the backdrop of the recent Treaty between India and Nepal
However Bhutan continues to have special treatment for exports and not covered under Rule 18 & 19
Good posting. ARE1 SYSTEM being followed.
ReplyDeleteThe realization against the
Nepal exports are in INR. In that case, whether Duty Drawback is allowed or not? its my query, can u pl attempt to reply. dsmurthy@tmtl.co.in
Duty Drawback is not affected by this change in procedure. You can continue to be eligible for duty drawback but you have follow the specific conditions for land exports like Irrevocable LC etc.
ReplyDeleteDear Sir,
ReplyDeleteVery Good posting!
Would like to know, in case we receive L/C from Nepal in INR, can we export on ARE-1/CT-1 procedure; as I know, CT-1 procedure only shall be applicable if it is in foreign currency??
Dear Sir
ReplyDeleteYes you can obtain CT-1 for INR transactions also for Nepal exports there is no restriction on the same
Regards
S Saravanan
Dear sir,
ReplyDeleteCan we export to Nepal in indian rupees without payment of duty under UT-1 and also avail all export benefits.
Please tell me anyone
Yes that is why this specific notification is all about. You can follow Rule 18 & 19.
DeleteDear sir, day before yesterday the nepal customs rejected my drawback claim since the billing was in indian rupee. They said vide notification no 208/1977 billing has to be in freely convertible currency. pls let me know if there is any recent noyification basis which i can claim the same.
ReplyDeleteThey said that export rules has undergone the change not the drawback rules.
ReplyDeleteDear sir, day before yesterday the nepal customs rejected my drawback claim since the billing was in indian rupee. They said vide notification no 208/1977 billing has to be in freely convertible currency. pls let me know if there is any recent noyification basis which i can claim the same.
ReplyDeleteDear sir, day before yesterday the nepal customs rejected my drawback claim since the billing was in indian rupee. They said vide notification no 208/1977 billing has to be in freely convertible currency. pls let me know if there is any recent noyification basis which i can claim the same.
ReplyDeleteTo my knowledge Notification No.208/1977 has not been amended. For Duty Drawback the conditions in that notification should be adhered to. But you can represent through your Chamber of Commerce to the Finance ministry to have this provisions changed as to my opinion Notification No.208/1977 should also be amended to include INR exports
Delete