Palm oil (excl. crude) and its fractions, refined or not but not chemically modified is classified under HS code 1511.90.90 (chapter 15, Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). It attracts 15% customs duty (general), plus 13% VAT on the CIF value and duty.
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) | 15% | Rs 15,000 | Rs 14,950 | Rs 129,950 |
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 imported about Rs 22.49 Crore of Palm oil (excl. crude) and its fractions, refined or not but not chemically modified in FY 2082/83, mainly from Malaysia, India, Kuwait.
| Source country | Import value (FY 2082/83) |
|---|---|
| Malaysia | Rs 3.95 Crore |
| India | Rs 1.6 Lakh |
| Kuwait | Rs 3,000 |
| Qatar | Rs 0 |