Vegetable fats and oils and their fractions, hydrogenated, etc is classified under HS code 1516.20.00 (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 1.75 Arab of Vegetable fats and oils and their fractions, hydrogenated, etc in FY 2082/83, mainly from Malaysia, India, Indonesia.
| Source country | Import value (FY 2082/83) |
|---|---|
| Malaysia | Rs 33.72 Crore |
| India | Rs 15.64 Crore |
| Indonesia | Rs 6.90 Crore |
| Kuwait | Rs 3,000 |
| Viet Nam | Rs 2,000 |