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Exporting Goods To Nepal? 5 Facts You Should Be Aware Of

Exporting Goods To Nepal? 5 Facts You Should Be Aware Of

India and Nepal share a significant trade relationship, and this is manifest in the fact that India is Nepal’s largest trade partner. According to figures from the Government of Nepal, India accounts for more than two-thirds of the merchandise trade in Nepal as well as one-third of services, with scope for further growth under the trade agreements signed between the two countries. Indian companies looking for services for India-Nepal transport can use this to their potential advantage and expand their business footprint in Nepal as well as increase their revenues. However, there is a need for export companies to be aware of certain facts which can come in handy to facilitate the export process. Read on to know about 5 important facts for India-to-Nepal export:

  1. While there is no license necessary for exporting to Nepal, only registered manufacturing companies or trading firms from India are allowed by the Government of Nepal to trade in Nepal.
  2. For Nepal export, Indian trading and manufacturing companies can route their cargo through 22 designated routes on the India-Nepal border, as determined by the respective governments of India and Nepal. Additionally, bilateral trade is also facilitated through the two Indian ports of Kolkata/Haldia and Vishakhapatnam.
  3. There is a stipulated set of documents for exporting goods to Nepal. These include an authority letter from an authorized Customs Agent; delivery order of the Terminal Management Company in case of inland clearance depots located at Biratnagar, Birgunj, and Bhairahawa; invoice of trade; Nepalese customs declaration; packing list; and specific cargo documents for export of such goods as plants, food products, chemicals, raw wool, animals, etc.
  4. For easing the documentation for customs and regulatory compliance for India-Nepal trade, you will need the services of an authorized Customs House Agent, or a CHA, as they are known in common parlance. The CHA can guide you through the complete process of obtaining customs clearance for India-Nepal transport and even obtain the clearance for you, having been permitted by the Governments for doing so.
  5. Payments for exports to Nepal are made in Indian Rupee. However, under the in-bond process, payment may also be made through the Nepal national bank in a convertible foreign currency. Under the in-bond contract, once the contract is signed, the commodities are permitted to be exported and are allowed entry into Nepal only after verification by the Nepal Customs.

Keep in mind the above mentioned facts and follow the due process to expand your business and exports to Nepal.