Legal Document
Title:
The Excise Duty Rules, 2059 (2002)
Type:
Regulation
Issuing Agency:
Ministry of Finance
Responsible Agency:
Ministry of Finance
Issuing Date:
06-01-2006
The Excise Duty Rules, 2059 (2002)
Download English: The Excise Duty Rules, 2059 (2002)
Download Nepali (Nepal): The Excise Duty Rules, 2059 (2002)
Download Nepali (Nepal): The Excise Duty Rules, 2059 (2002)
List Measures/Standards
| Name | Description | Status | Measures/Standards | Measure Class |
|---|---|---|---|---|
| Application to be made for license for manufacturing, importing, selling, or storing a product subject to excise duty or deliver the service subject to excise duty | To control import, subsequent processing of products of which the consumption is regarded as lacking merit or as likely to cause negative externalities. Rule 3 | Active | Measure | Goods |
| Excise License | The license will be valid for one year. Term and validity of license: (1) The term of the license issued pursuant to Rule 4 shall remain valid only for one fiscal year. (2) The licensee shall, within one month of expiration of the term of license referred to in sub-rule (1), get the license renewed for one fiscal year, by paying the license fee as specified in Schedule-2 to the Excise Duty Officer specified by the Department. (3) The licensee who does not get the license renewed within the term referred to in sub-rule (1) may, within six months of expiration of the term, get the license renewed for one fiscal year, by paying an additional fee to be set by fifty percent of the license fee as specified in Schedule-2 and the due and payable excise duty. (4) The license of a licensee who does not get it renewed even within the period referred to in sub-rule (3) shall ipso facto be cancelled. | Active | Measure | Goods |
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