Hi Experts,
Can we export to Nepal without payment of duty under LUT if payment is received in Indian Rupees. If so, please provide the relevant Notification.
Subrata Chakraborty (Manager (Commercial)) (55 Points)
12 January 2015Hi Experts,
Can we export to Nepal without payment of duty under LUT if payment is received in Indian Rupees. If so, please provide the relevant Notification.
Arun Kumar
(Deputy Manager Assurance)
(230 Points)
Replied 12 January 2015
Yes you can export without payment of duty
Notification No.45/2001-Central Excise (N.T.)
Please check the following Link also
https://www.eximguru.com/exim/central-excise/central-excise-manual/part-iv-export-to-nepal-and-bhutan-without-payment-of-duty.aspx
R P Ananthakumar
(Sr. Officer - Central Excise/Cash)
(514 Points)
Replied 13 January 2015
Yes you can export to Nepal w/o payment of duty whether the currency is INR or not under notification no.42/2001 CE NT dated 26.06.2001 as amended.
Subrata Chakraborty
(Manager (Commercial))
(55 Points)
Replied 20 January 2015
Thanks Mr. Arun Kumar and Mr. Ananth Kumar
CAclubindia
