![]() value plus Indian Customs duties (including anti dumping duty and safeguard duty wherever applicable) in the event of the goods not reaching Nepal. or Nepal Transport Corporation, as the case may be, shall give an undertaking to the Principal Commissioner of Customs, Visakhapatnam, to pay the difference between the market value of goods in India and the declared C.I.F. In addition, Nepal Transit and Warehousing Company Ltd. This insurance policy or bank guarantee shall be assigned to the Principal Commissioner of Customs, Visakhapatnam, and the amount shall become payable to Principal Commissioner in the event of the goods not reaching Nepal. ion shall be covered by an insurance policy or a bank guarantee, at the option of the Importer, for an amount equal to the Indian Customs duties (including anti dumping duty and safeguard duty wherever applicable) on such goods. Thereafter the Customs officer shall allow transportation of the containerised cargo, without examination, unless there are valid reasons to do otherwise. If found intact, the Customs officer at the VCTPL/CFS shall affix an additional One Time Seal (OTL) in all Nepalese Traffic-in-Transit and the seal serial number will be endorsed in the Customs Transit declaration and the same will be verified at the Land Customs Station or at the Border railway station, as the case may be. In respect of containerized cargo, the following examination procedure shall be followed: (i) On arrival of the Nepalese containerized cargo, the Indian Customs officer posted at the seaport, shall check the One Time Seal (OTL) of the container put on by the shipping agent or the carrier authorised by the shipping company. No other additional document may be asked for, except where considered necessary for clearance of specific goods. opy of the Import Licence and the Letter of Credit so presented shall be examined by the Custom House, Visakhapatnam against the copy of the Import Licence and/or the statement of particulars of the Letter of Credit received directly from the Government of Nepal. (b) In case of Nepalese Imports for which there is no requirement of Import Licence or. (a) Transit of Nepalese Imports, shall be allowed against Import Licences issued by the Government of Nepal, wherever such Licences are issued, and Letters of Credit opened through a Commercial bank in Nepal. IMPORT PROCEDURE When goods are Imported from third countries for Nepal in transit through India, the following procedure shall be observed:- 1. The Letter of Exchange between India and Nepal shall constitute as addendum to the Clause II of the Protocol to the Treaty of Transit with reference to Article VI of Treaty of Transit between India and Nepal. Rail Route:- The operation of rail services between Visakhapatnam and Birgunj would be governed by the India- Nepal Rail Services Agreement, while transit of goods will be governed by the Treaty of Transit. (d) Nepalgunj : Road connecting Visakhapatnam-BhimunipatnamSrikakulam-Chatrapur-Cuttack-Deogarh-Gumla-Ranchi-HazaribaghBarhi-Aurangabad-Sasaram-Varanasi-Paunpur-Sultanpur-LucknowBaharaich-Nepalgunj Road-Nepalgunj. r-Cuttack-Deogarh-Gumla-Ranchi-HazaribaghBarhi-Aurangabad-Sasaram-Varanasi-Ghazipur-GorakhpurNautanwa(Sonauli)-Bhairahawa. Consequent upon this understanding, it is agreed that the provisions of Treaty of Transit, its Pr. In pursuance of the above, the Letter of Exchange was signed on between Ministry of Commerce, Government of India and Ministry of Commerce, Government of Nepal for operationalisation of Traffic-in-Transit between Visakhapatnam Port and Nepal. Further, Government of India has agreed to provide additional transit facilities through the port of Visakhapatnam for movement of containerized cargo, based on the understanding reached between the Hon ble Prime Ministers of India and Nepal during the visit of Prime Minister of Nepal to India on 18-22 August 2009 and subsequent meeting of Inter Governmental Committee in Kathmandu on January 27, 2010. A Detailed procedure for Import/Export clearance for Road and Rail bound Cargo to/from Nepal is specified in the Memorandum to the Protocol of the Transit Treaty between India and Nepal (hereinafter referred to as Memorandum to the Protocol ). nce to Article VI of the Treaty of Transit, specifies mutually agreed entry-exit points and specifies the routes of transit and procedure to be followed for transit goods to Nepal by Road/Rail. Treaty of Transit between Government of India and Government of Nepal – Procedure for movement of goods in transit through India between Visakhapatnam Port and Nepal - Regarding.
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