Monday, November 2, 2009
Taxation system of Bikes in Nepal
Posted on 10:41 PM by Nir@Z
This is a small research in the taxation system of bikes that are imported from India to Nepal and the final price that a customer pays after all the taxes and service charges are levied on the bike. The Parliament on 28 Asar 2064 passed “Financial Act 2064Â.
All goods are classified under each Heading appropriate to the goods to which they are most akin. The Customs Tariff 2007-2008 has categorized Motorcycles under Heading 8710 which states that Motorcycles (including Mopeds) and cycles fitted with reciprocating internal combustion piston engine of a cylinder capacity not exceeding or exceeding 50 cc are levied 40% Import Duty of Invoice Value excluding excise duty.
The following example will make it clear the overall taxation procedure and how much we pay as tax to the government.
This is an example of CBZ extreme that cost around INR 54,000.00- INR 56,000.00 which is the dealer price.
Price in India INR 54,000.00@1.6 NPR 86,400.00
Import Duty @ 40% NPR 34,560.00
Sub Total NPR 120,960.00
LDT (Local Development Tax @ 1.5%) NPR 1,814.40
Sub Total NPR 122,774.40
Excise Duty @ 10% NPR 12,277.44
Sub Total NPR 135,051.84
VAT @ 13% NPR 17,556.73
Total NPR 152,608.57
The above mentioned prices are subject to increase or decrease around NPR 10,000.00. Other charges like Freight loading charge at custom office, miscellaneous charges and excise duty when importing from India have been adjusted. This is a tentative figure, the general idea is to evaluate the tax system at different level.
As per the Vehicle Tax mentioned in Aarthik Atyadesh 2064 following tax are included:
During vehicle registration a bike customer has to pay NPR 4,000.00 as Road Construction, Maintenance Tax.
For Private Registered Motorcycle annual tax is as follows:
1. 90 Rs 500.00
2. 90cc-150cc Rs 1,000.00
3. 151cc-300 cc Rs 1,500.00
4. 301 cc and above Rs 2,000.00
(Source: Aarthik Atyadesh 2064, Customs Tariff 2007-2008), Syakar Company, Kantipath.
All goods are classified under each Heading appropriate to the goods to which they are most akin. The Customs Tariff 2007-2008 has categorized Motorcycles under Heading 8710 which states that Motorcycles (including Mopeds) and cycles fitted with reciprocating internal combustion piston engine of a cylinder capacity not exceeding or exceeding 50 cc are levied 40% Import Duty of Invoice Value excluding excise duty.
The following example will make it clear the overall taxation procedure and how much we pay as tax to the government.
This is an example of CBZ extreme that cost around INR 54,000.00- INR 56,000.00 which is the dealer price.
Price in India INR 54,000.00@1.6 NPR 86,400.00
Import Duty @ 40% NPR 34,560.00
Sub Total NPR 120,960.00
LDT (Local Development Tax @ 1.5%) NPR 1,814.40
Sub Total NPR 122,774.40
Excise Duty @ 10% NPR 12,277.44
Sub Total NPR 135,051.84
VAT @ 13% NPR 17,556.73
Total NPR 152,608.57
The above mentioned prices are subject to increase or decrease around NPR 10,000.00. Other charges like Freight loading charge at custom office, miscellaneous charges and excise duty when importing from India have been adjusted. This is a tentative figure, the general idea is to evaluate the tax system at different level.
As per the Vehicle Tax mentioned in Aarthik Atyadesh 2064 following tax are included:
During vehicle registration a bike customer has to pay NPR 4,000.00 as Road Construction, Maintenance Tax.
For Private Registered Motorcycle annual tax is as follows:
1. 90 Rs 500.00
2. 90cc-150cc Rs 1,000.00
3. 151cc-300 cc Rs 1,500.00
4. 301 cc and above Rs 2,000.00
(Source: Aarthik Atyadesh 2064, Customs Tariff 2007-2008), Syakar Company, Kantipath.
Article courtecy:
Pride@merobike.Com
www.merobike.com
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Mr.! excise duty is on manufacture of goods. these are imported goods so there is no event of manufacture in Nepal. Plz do your research properly before u make ur posts in future.
ReplyDeleteBloody idiot.. U do ur research properly...excise duty is levied on imported articles also..
DeleteRight. Excise duty is applicable on imports as per tariff and regulations. Idea is, had it been manufactured in nepal, the amount would have been collected. Thus, is excise duty.
DeleteRight. Excise duty is applicable on imports as per tariff and regulations. Idea is, had it been manufactured in nepal, the amount would have been collected. Thus, is excise duty.
DeleteRecently heard that Nepal cutting off tax on bikes. Is it true?
ReplyDeletedo you know how much does it cost to buy r125 in india and bring it to nepal?? including all the taxes that we have to pay..
ReplyDelete1000 rupees
Deleteit is true that government has been imposing excise duty on imported automobiles.... which should not happen.... as excise duty can be imported on domestic products only
ReplyDeletei haven't paid road tax for 4 years so now how much should i need to pay please provide full details. thank you.
ReplyDelete20% extra each year as fine
DeleteBetter buy a new bike!
Deletecan i get more information regarding this!!!plz share more info!!!
ReplyDeleteCan we use custom bikes in Nepal? if yes, what is the cost of taxation?
ReplyDeleteis there any procedure through which we can import our personal bike from india to nepal???
ReplyDelete150 cc bike has not paid tax for 5 years. How much does it charge? and bike pass garna pani kati lagxa? plz tell me!
ReplyDelete180ccbike i haven't paid road tax for 6 years so now how much should i need to pay please provide full details. thank you.
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ReplyDeleteThis comment has been removed by the author.
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i want to take my sports bike in nepal. it is possible to import in nepal which i am using and can i use this bike in nepal.what will be custom procedure. my bike is HONDA CBR@1000RF. CAN I USE IN NEPAL WITH FOREIGN NUMBER PLATE AND WHAT WILL BE THE SYSTEM
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