Financial Act, 2025

A vehicle imported under this facility shall not be sold, distributed, transferred, or have its title transferred in any way before ten years. If sale, distribution, title transfer, or any form of right transfer is required before ten years, full excise duty shall be levied in accordance with the prevailing law.

(8) On the production of brandy, wine, and cider produced by local fruit-based industries established in the extremely underdeveloped areas mentioned in Schedule-10 of the Industrial Enterprises Act, 2076, there shall be an eighty percent rebate on the excise duty leviable according to this excise duty rate.

(9) There shall be a thirty-five percent rebate on the excise duty leviable on wine falling under subheading 2206.00.90 produced from fruits (excluding grapes, raisins, grape juice concentrate, or fruit juice concentrate) falling under headings 22.04, 22.05 produced domestically.

(10) There shall be a fifty percent rebate on the excise duty leviable on the import of vehicles in unassembled condition falling under headings 87.02, 87.03, and 87.11 by industries that assemble and produce vehicles, and on the excise duty leviable on the sale of finished vehicles produced by such industries.

(11) No excise duty shall be levied on the domestic production of goods falling under headings 02.07, 04.02, 08.03, 08.04, 08.06, 08.09, 08.12, 08.13, 09.04, 09.06, 09.10, 11.06, 12.07, 14.01, 14.04, 16.01, 16.02, 16.03, 16.04, 16.05, 20.01, 20.02, 20.03, 20.04, 20.06, 20.07, 20.08, 21.05, 24.01, 25.15, 25.16, 39.17, 39.18, 44.01, 44.02, 44.03, 44.04, 44.05, 44.06, 44.07, 44.09, 44.10, 44.11, 44.12, 44.13, 44.14, 44.18, 44.19, 44.20, 44.21, 48.03, 48.14, 68.02, 68.08, 68.09, 68.10, 68.11, 68.13, 69.07, 70.10, 72.09, 72.10, 72.11, 72.16, 72.23, 72.25, 72.29, 73.07, 73.08, 73.09, 73.12, 73.13, 73.14, 73.15, 73.17, 76.04, 76.10, 84.19, 85.25, 94.01, 94.03, 94.04, and 94.06 and subheadings 0802.80.00, 1517.90.00, 1701.13.10, 1701.14.10, 1704.10.00, 1704.90.00, 1904.10.10, 1904.10.11, 1904.10.99, 1904.20.00, 1904.30.00, 1904.90.90, 1905.10.00, 1905.20.00, 1905.31.00, 1905.32.00, 1905.40.00, 1905.90.10, 1905.90.30, 1905.90.50, 1905.90.60, 1905.90.70, 2005.10.00, 2005.20.90, 2005.40.00, 2005.51.00, 2005.59.00, 2005.60.00, 2005.70.00, 2005.80.00, 2005.91.00, 2005.99.00, 2101.11.00, 2101.12.00, 2101.20.00, 2101.30.00, 2106.90.10, 2202.99.30, 3307.41.00, 3506.10.00, 3506.91.00, 3506.99.00, 3824.40.00, 3824.50.00, 3921.90.11, 3921.90.12, 3923.10.20, 3924.10.10, 4818.10.00, 4818.20.00, 4818.30.00, 4818.50.00, 4818.90.00, 4823.61.00, 4823.69.00, 4823.70.00, 6404.11.10, 6405.20.10, 7311.00.20, 7311.00.90, 7320.10.10, 8507.10.00, 8507.20.00, 8507.30.00, 8507.50.00, 8507.60.00, 8507.80.10, 8507.80.90, 8544.70.00.

(12) Excise duty shall be levied on goods of heading 21.06 subheadings 2106.90.20, 2106.90.60 and customs heading 24.03 subheadings 2403.99.10, 2403.99.20, 2403.99.30 and customs heading 24.04 subheadings 2404.11.00, 2404.12.00 and 2404.19.00 per kilogram of gross weight.

(13) A five percent excise duty shall be levied on the domestic production of all subheadings under headings 18.06, 33.03, 33.04, 33.05, 33.06 and subheadings 3307.10.00, 3307.20.00, 3307.30.00, 3307.49.00, 3307.90.00, 8523.52, 8536.50.00.

(14) The producer, importer or seller of liquor, beer, and cigarettes shall publish a public notice informing the retail price of such goods at the beginning of the fiscal year and immediately upon any price change.

(15) The Director General may add digits to the eight-digit customs subheading determined for the purposes of the excise duty rate for statistical purposes.

(16) The Department may, in consultation with the Customs Department as necessary, carry out the work of interpreting goods liable to excise duty and assigning Harmonized Codes.

(17) No excise duty shall be levied on the import of raw material P.E. film of subheading 3920.49.90 for sanitary pads and raw material perforated P.E. film of subheading 3921.19.90 by industries producing sanitary pads.

(18) There shall be a sixty percent rebate on the excise duty leviable on domestic production under headings 72.13, 72.14, and 72.15 and a fifty percent rebate on the excise duty leviable on domestic production under heading 72.17.

(19) Excise duty exemption shall be provided on construction equipment, machinery, tools, batteries with high storage capacity, and related parts and accessories, as well as raw materials (steel sheets) required for manufacturing such equipment, imported by the concerned project or its contractor or promoter for the project, for the purpose of power generation, distribution, and transmission line projects using water, solar, and wind energy, upon the recommendation of the Investment Board for projects operating with its approval, the Alternative Energy Promotion Centre for projects operating with its approval, and the Department of Electricity Development for other projects (including projects operated by the Nepal Electricity Authority).

(20) Excise duty exemption shall be provided on equipment, machinery, tools, parts, and construction materials required for the construction or establishment of an industrial zone or industrial village, imported by the person or their contractor constructing or establishing such zone or village, upon the recommendation of the Investment Board.