[{"id": 397258, "created": "2024-06-06T16:05:24.234404", "project_id": 193, "task_id": 453909, "user_id": 300, "user_ip": null, "finish_time": "2024-06-06T16:05:56.039428", "timeout": null, "calibration": null, "external_uid": null, "media_url": null, "info": {"answer": "Rules related to import Except for prohibited and quantitatively restricted items, no license is required for imports. For importation of plant and plant products, an importer has to apply to the Plant Quarantine Office for an import permit.", "data_id": "4a092b674deb522ac96cb04e41960f0e", "category": "business", "question": "What is the import rule of Nepal?", "answer_URLs": "https://nepaltradeportal.gov.np/guide-to-importing", "answer_type": "partial", "input_query": "What is the import tariff of Nepal?", "is_reliable": "very_reliable", "edited_answer": "Nepal has an open and transparent import regime. The import-related rules and regulations are governed by the Ministry of Industry, Commerce, and Supplies (MoICS) and its various entities, along with the Department of Customs under the Ministry of Finance.\n\n \n\nRules related to import\n\nExcept for prohibited and quantitatively restricted items, no license is required for imports.\nFor importation of plant and plant products, an importer has to apply to the Plant Quarantine Office for an import permit. The application form is to be filled in with details of the plant and purpose of importation and must be submitted with documents like income tax registration and enterprise registration, and recommendation letter of a concerned institute, if imported for research purposes, are also submitted along with the application. \nNational Plant Quarantine Programme of the Department of Agriculture and seven other quarantine check posts conduct quarantine examination and issue import permits and phytosanitary certificates.\nIn the case of import of wool for carpets, the Government of Nepal only allows the import of quality wool minimum length of 4\" with a thickness of not more than 38 microns. Thus, a test certificate from an authorized agency is to be produced at the time of customs clearance.\nNepal Customs does not require any pre-shipment inspection and there is no generalized system of such inspection. A few commodities like wool, pharmaceuticals, and industrial chemicals may need pre-shipment quality inspection certificates to maintain certain standards in Nepal.\nThe Customs valuation provides a basis for the declaration of value by an importer in the Nepal Customs Declaration Form for the calculation of applicable duty and tax.\nThe customs duty on imported goods is assessed on the basis of their transaction price. The owner of the goods is required to submit to the Customs bills and invoices showing their price, as well as other necessary documents relating to imports as demanded by the Customs for the purpose of verifying their transaction price.\nNo demurrage is charged on the imported goods until they are valued for the purpose of assessing customs duty.\n \n\nList of prohibited items\n\nProducts injurious to health: a) narcotic drugs such as opium and morphine; and b) liquor containing more than 60 % alcohol.\nArms, ammunition, and explosives (except under government import license): a) materials used in the production of arms and ammunition; b) guns and cartridges; c) caps other than those of paper; and d) arms, ammunition and other explosives.\nCommunications equipment: wireless walkie-talkies and other similar audio communication equipment (except under import license of the GON).\nValuable metals and jewelry (except permitted under bag and baggage regulations).\nBeef and beef products (Five-star hotels are allowed to import beef with a special license issued by the Department of Commerce).\n \n\nPaying for imports\n\nImports from India are normally paid in Indian Rupees. However, the Nepal government allows imports of some products from India with payment in hard foreign currency.\n\nFor imports from the third country, the government does not allow advance payments for goods and separate payments for freight. In addition, with the exception of prohibited and quantitatively restricted goods, there is no restriction on the release of foreign currency for importing any type and quantity of goods. But to obtain foreign currency from the commercial bank, the importer has to get a letter of credit (L/C) issued by fulfilling the requirements of the bank.\n\nIrrevocable L/C is the commonly used documentary credit for the settlement of payment in imports from third countries \n\nAn importer fills in a foreign exchange control form BBN 3 requesting the bank to open an L/C in the name of a nominated overseas exporter, and submits it along with an undertaking of the importer identifying the bank against any liability, and other supporting documents. Depending upon the credit limit sanctioned by the bank for L/C purpose and the relation with the bank, the importer is generally required to deposit an amount ranging from 10 to 100 percent of the L/C value at the bank. Note that the transaction may not necessarily be channeled through banks. Banks are authorized to draw drafts or telegraphic transfers (TTs) for settlement of payment in credit imports, provided that the Nepalese importers approach banks with documentary evidence. Much of the imports from India are under this scheme due to the extra cost attached to payment through L/C.\n\nFor importing raw wool, TEPC issues a recommendation letter (wool specification test report) specifying the quantity and standard of wool to be imported by an applicant/importer in the name of the concerned bank.  Under the widely used L/C, full payment is made to the exporter by the correspondent bank at the time of submission of shipment documents as specified in L/C. Similarly, the Nepali importer is also required to make full payment to his bank at the time of the release of shipment documents. \n\n ", "question_type": "good", "location_related": "yes"}}]