HomeContentsMeasures Special arrangement for the import of goods by furnishing bank guarantee or deposit
View Measure
Name
Special arrangement for the import of goods by furnishing bank guarantee or deposit
Description
To make safe and facilitate international trade by making customs administration systematic, transparent and accountable
Comments
Rule 111. Airline companies can import goods for catering services and for in-flight duty free shop in the international flight by furnishing bank guarantee or cash deposit equivalent to the chargeable Customs duty. In case the airlines import such goods by itself and prefer to buy such goods from bonded warehouse or duty free shop, the airlines can buy such goods from bonded warehouse or duty free shop designated by the Department.(2)- If the Nepali textile industry intends to sale its product to the export oriented garment industry, the yarn needed for the production of such product may be allowed to import by furnishing bank guarantee equivalent to the chargeable Customs duty on the recommendation of Textile Industry Association. Customs