Refund is available under excise duty in the following conditions -
- Refund is available on the excise duty paid on purchase or import of raw materials (Not auxiliary or not packing , tax credit is also not available for such) used to produce excise attractive goods.
- Refund available if the excise on export exceeds the excise paid on imports or purchase.
- For liquor, tobacco and paan masala, 15% of value addition is required to claim refund.
- Application for refund is to be made within 1 year from the date of filing excise return.
Published By
Chartered Nepal
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