major amendments made by finance ordinance, …vat act,2052 to consumer on purchased goods or...

Major amendments made by Finance Ordinance, 2076

© The Institute of Chartered Accountants of Nepal 1

MAJOR AMENDMENTS MADE BY FINANCE ORDINANCE, 2076

• INCOME TAX

Section/

Rules Old Provision New Provision

Section

11(2)

Incomes derived by cooperative societies,

registered under Cooperative Act, 2074

from business mainly based on agriculture

and forest products such as sericulture and

silk production, horticulture and fruit

processing, animal husbandry, diary

industries, poultry farming, fishery, tea

gardening and processing, coffee farming

and processing, herbiculture and herb

processing, vegetable seeds farming, bee-

keeping, honey production, rubber farming,

floriculture and production and forestry

related business such as lease-hold forestry,

agro-forestry, cold storage established for

the storage of vegetables and business of

agricultural seeds, insecticide, fertilizer and

agricultural tools (other than machine

operated)and rural community based saving

& credit cooperatives are exempt from tax.

Dividends distributed by such societies are

also exempt from tax.

Incomes derived by cooperative societies,

registered under Cooperative Act, 2074 from

business mainly based on agriculture and forest

products such as sericulture and silk production,

horticulture and fruit processing, animal

husbandry, diary industries, poultry farming,

fishery, tea gardening and processing, coffee

farming and processing, herbiculture and herb

processing, vegetable seeds farming, bee-keeping,

honey production, rubber farming, floriculture

and production and forestry related business such

as lease-hold forestry, agro-forestry, cold storage

established for the storage of vegetables and

business of agricultural seeds, insecticide,

fertilizer and agricultural tools (other than

machine operated)and rural community based

saving & credit cooperatives Cooperative

doing Financial Transactions are exempt from

tax. Dividends distributed by such societies are

also exempt from tax.

Section

11(2Kha)

No Provision Following rebate will be allowed on Income Tax

for Special Industry fully operated during any

Income Year :

(Ka) 1/3 of Tax on income of Resident Natural

Person if required to pay tax at 30%

(Kha) 20% of Income Tax on income of an Entity

(Ga) Person availing benefit as per Clause (Ka)

and (Kha) is also eligible if any for another

tax rebate as per this section.



Section

11(3Nga)

The rate of tax will be exempted by 25% on

income earned from exporting goods

manufactured by a manufacturing industry.


income earned from exporting goods

manufactured by a manufacturing industry.

Following tax rebate shall be allowed on

Income from export having source in Nepal

during any Income Year:

(Ka) If resident natural person required to pay

tax at 20% on Income then 25% of such

tax amount and if required to pay at

30% on Income then 50% of such tax

amount

(Kha) 20% on applicable Income Tax on

Income of an Entity

(Ga) Additional 25% on tax amount after

availing rebate as per clause (Ka) or

(Kha) on income received from Export

of Manufactured goods by

manufacturing based industry

Section

11(3Cha)


income earned from construction and

operation of road, bridge, airport, tunnel

and from operating through investment in

tram, trolleybus.


income earned from construction and

operation of road, bridge, airport, tunnel and

from operating through investment in tram,

trolleybus.

Following tax rebate shall be allowed to any

Entity earning income from following activity:

(Ka) Operated any trolley bus, or tram then

20%

(Kha) Operated any rope way, cable car,

railway, tunnel or sky bridge after

construction then 20% ; or

(Ga) Construction and Operation of Airport

then 40%

(Gha) Construction and operation of Road,

Bridge or Tunnel Way then 52%

(Nga) Investing and operating tram or trolley

bus then 52%



Section

11(3Tha)

No Provision Rebate of 20% shall be allowed on Tax on

taxable income in any income year of an entity

wholly engaged in the projects conducted by

any entity so as to build public infrastructure,

own, operate and transfer it to the GON and in

power generation, transmission, or

distribution.

Section

11(4)

While calculating the income by a person

under subsections (1), (2), Clauses (Ka) and

(Kha) of (3), (3Ka), (3Kha), (3Ga) and (3

Gha), Sub Section (13), (14) and (15) of

Section 1 of Schedule 1 and Sub Section

(2), (3), (3Ka) and (4) of Section 2 of

Schedule-1 shall calculate the income

assuming the only income derived by a

separate person.

While calculating the income by a person

operating transactions eligible for separate

benefit under subsections (1), (2), Clauses (Ka)

and (Kha) of (3), (3Ka), (3Kha), (3Ga) and (3

Gha), Sub Section (13) , (14) and (15) of

Section 1 of Schedule 1 and Sub Section (2),

(3), (3Ka) and (4) of Section 2 of Schedule -1

this section shall calculate the such income

assuming the income derived by a separate

person.

Section

47Ka(6)

Entity willing to get merged under Sub

Section (1) should submit expression of

interest to Inland Revenue Department

Within 2076 Ashad end.

Entity willing to get merged under Sub Section

(1) should submit expression of interest to Inland

Revenue Department Within 2076 2077 Ashad

end.

Section 47

Ka(7)

The entities submitting expression of

interest under Sub section(6) to get merged

under sub Section (1) should complete the

merger process within 2077 Ashad end.

The entities submitting expression of interest

under Sub section(6) to get merged under sub

Section (1) should complete the merger process

within 2077 2078 Ashad end.

Section

63(1)

In case where a resident person files an

application with the Department intending to

get approval for establishing a retirement fund,

the Department shall pronounce the approval as

prescribed.

Provided that, no approval shall be required for

a retirement fund established by Citizen

Investment Fund established under Citizen

Investment Trust Act, 2047 and by Provident

Fund established under Provident Fund Act,

2019.

In case where a resident person files an

application with the Department intending to get

approval for establishing a retirement fund, the

Department shall pronounce the approval as

prescribed.

Provided that, no approval shall be required for a

retirement fund established by Citizen Investment

Fund established under Citizen Investment Trust

Act, 2047, Retirement Fund operated by Social

Security Fund established under Contribution

Based Social Security Fund Act 2074, by

Employees Provident Fund established under

Employees Provident Fund Act, 2019 and



retirement fund operated by Pension Fund

established under Pension Fund Act, 2075

Section

78(4Ka)

No Provision Person doing transaction after obtaining

Permanent Account Number as per Sub

Section (4) should update registration related

information in biometric procedure as

specified by the deparment within the

stipulated time.

Section

79(1)(Ka)

A document to be served on a person under

this Act shall be considered as sufficiently

served in the following circumstances :-

(Ka) sent to the electronic mail address or

transmitted on a fax of a person;

A document to be served on a person under this

Act shall be considered as sufficiently served in

the following circumstances:-

(Ka) sent to the tele fax, telex, electronic

mail address or related other

electronic medium of any person;

Section

79(3)

No Provision If any documents not served under Sub

Section (1) and (2) then information related to

such order can be telecast or published at

radio, television or any national newspaper in

the name of related person. In this case related

person shall be deemed to have received such

information.

Section

88(1)(5)(Kh

a)

Provided that, the tax shall be withheld at

the rate of 10% on payment made by a

resident person for rent having source in

Nepal.

But,

(Ka) Tax shall be withheld at the rate of

1.5% on payment made to person

registered in VAT and running

business of giving vehicles on

rent.

(Kha) Withholding Tax shall not be

deducted on amount received by

Natural person for house rent.

Provided that, the tax shall be withheld at the rate

of 10% on payment made by a resident person for

rent having source in Nepal.

But,

(Ka) Tax shall be withheld at the rate of 1.5%

on payment made to person registered in

VAT and running business of giving

vehicles on rent.

(Kha) Withholding Tax shall not be deducted on

amount received by Natural person for

house rent.



No Provision

(Ga) No tax shall be deducted on incentive

provided as per Section 25(1Kha) of

VAT Act,2052 to consumer on

purchased goods or services by

making payment through electronic

medium as per prevailing laws

Section

90(4Ka)

Notwithstanding Sub Section (4), tax on

house rent income of natural person other

than in conducting a business shall be

required to pay within end of Ashad of

current year and person choosing to pay tax

on the basis of turnover as per Section

4(4Ka) shall deposit tax withheld by it

under Chapter 17 at time of making

payment of tax in installment.

Notwithstanding Sub Section (4), tax on house

rent income of natural person other than in

conducting a business shall be required to pay

within end of Ashad of current year and person

choosing to pay tax on the basis of turnover as

per Section 4(4Ka) shall deposit tax withheld by

it under Chapter 17 at time of making payment of

tax in installment.

Section

94(2)

Notwithstanding Subsection (1), where the

amount of total installments calculated

under Subsection (1) is less than Rs 5,000,

the amount of the installment shall not be

required to pay.

Notwithstanding Subsection (1), where the

amount of total installments calculated under

Subsection (1) is less than Rs 5,000 Rs. 7,500,

the amount of the installment shall not be

required to pay.

Section

95Ka(2)

(Ka)

Following advance tax will be recovered on

the gain calculated under section 37 in case

gain from disposal of interest in resident

entity by a person except by a resident

entity registered under prevailing law for

carrying out transactions of buying and

selling of securities.

Following advance tax will be recovered on the

gain calculated under section 37 in case gain from

disposal of interest in resident entity by a person

except by a resident entity registered under

prevailing law for carrying out transactions of

buying and selling of securities.

(Ka) In case of gain from disposal of

interest of an entity listed in Securities

Exchange Board of Nepal, by the entity of

which deals in securities exchange Market-

7.5% on the gain for a resident natural

person, 10% on the gain from resident

entity and 25% on the gain from others.

(Ka) In case of gain from disposal of interest of

an entity listed in Securities Exchange Board of

Nepal, by the entity of which deals in securities

exchange Market- 7.5% 5% on the gain for a

resident natural person, 10% on the gain from

resident entity and 25% on the gain from others.

Section

95Ka(2Ka)

No Provision At the time of computation of gain on disposal

of interest in an entity as per Sub Section (2)

(Ka), weighted average cost of interest held at



that time of such entity shall be taken.

Section

95Ka(6)

In case of any persons other than specified

in Sec. 95Ka (5), Land Revenue Office

shall collect advance tax at 10% of gain on

disposal of land or building.

In case of any persons other than specified in Sec.

95Ka (5), Land Revenue Office shall collect

advance tax at 10% of gain on disposal of land

or building 1.5% on amount derived from

disposal at the time of registration.

Section

95Ka(7)

Where he-buffalo, buffalo, he-goat, boka,

sheep, chyangra falling in Part 1 of

Harmonized Code System; live, fresh or

frozen fish falling in Part 3 of HS System;

fresh flowers falling in Part 6 of HS

System; fresh vegetables, potato, onion

falling in Part 7 of HS System, and fresh

fruits falling in Part 8 of HS system are

imported for business purpose, the customs

office shall collect advance tax at the time

of release of goods @ 5% on customs value

determined such products

Where he-buffalo, buffalo, he-goat, boka, sheep,

chyangra falling in Part 1 of Harmonized Code

System; live, fresh or frozen fish falling in Part 3

of HS System; fresh flowers falling in Part 6 of

HS System; fresh vegetables, potato, onion, dry

vegetables, garlic, baby corn falling in Part 7 of

HS System, and fresh fruits falling in Part 8 of

HS system are imported for business purpose, the

customs office shall collect advance tax at the

time of release of goods @ 5% and meat falling

in Part 2, Milk Products, Egg, Honey falling in

Part 4, Finger Millet (Kodo), Buckwheat

(Fapar), Proso Millet (Junelo), Rice, Small

Rice Grains (Kanika) falling in Part 10, Flour,

ground cereal gains (Aata and Pitho) falling in

Part 11, Herbs, Sugarcane falling in Part 12,

Plant related production falling in Part 14 @

2.5% on customs value determined such products

Section

95Ka(10)

The advance tax amount collected or the

amount deemed to have collected under

sub-section (7) should be deposited in the

Department within the time period under

Sub-section (8) along with the return in

statement.

The advance tax amount collected or the amount

deemed to have collected under sub-section (7)

(8) should be deposited in the Department within

the time period under Sub-section (8) (9) along

with the return in statement.

Section

95Ka(11)(

Kha)

In the following conditions, both the person

collecting advance tax and the person from

whom it is to be recovered shall jointly and

separately be liable, for the payment of the

tax, to the Department:

(Ka) If the advance tax not collected by a

In the following conditions, both the person

collecting advance tax and the person from whom

it is to be recovered shall jointly and separately be

liable, for the payment of the tax, to the

Department:

(Ka) If the advance tax not collected by a



person required to collect; and

(Kha) If the tax deemed to have collected

under sub section (7) not deposited

in the Department under Sub-

section (9),

person required to collect; and

(Kha) If the tax deemed to have collected under

sub section (7) (8) not deposited in the

Department under Sub-section (9) (10),

Section

95Ka(12)

The person requiring depositing advance

tax under Sub-section (10) should deposit

the tax within 25 days from the elapse of

the date mentioned in Sub -section (8).

The person requiring depositing advance tax

under Sub-section (10) (11) should deposit the tax

within 25 days from the elapse of the date

mentioned in Sub -section (8) (9).

Section

95Ka(13)

The advance tax amount can be recovered

from the person from whom it was required

to be collected in case the amount is

deposited into the Department under Sub-

section (9) by the person required to

recover the advance tax.

The advance tax amount can be recovered from

the person from whom it was required to be

collected in case the amount is deposited into the

Department under Sub-section (9) (10) by the

person required to recover the advance tax.

Section

96(6)

No Provision Any person desiring to revise income tax

return filed at department within the due date

may revise as per the procedure prescribed by

department within 30 days from the date of

submission of return.

Section

110Ga

No Provision If it is proved that person receiving return

from business is other than those person on

whose name business is registered then real

person receiving return shall be liable to pay

tax of such business.

Section

115(6)

Person submitting application as per Sub

Section (1) shall deposit whole amount of

undisputed tax and one-third of disputed tax

out of assessed tax.

Person submitting application as per Sub Section

(1) shall deposit whole amount of undisputed tax

and one-third fourth of disputed tax out of

assessed tax.

Section

115(8)

Where the Department fails to serve a person

with notice of the decision on an objection

within 60 days of an objection being filed as

per Sub Section (1), the person may, by notice

in writing filed with the Department, treat the

Department as having made a decision to

disallow the objection.

Where the Department fails to serve a person with

notice of the decision on an objection within 60 days

of an objection being filed as per Sub Section (1), the

person may, by notice in writing filed with the

Department, treat the Department as having made

a decision to disallow the objection then the

applicant may file an appeal at Revenue Tribunal

as per Section 116.



Section

115(9)

A person shall be required to notify the

Department in writing of the matter of

having treated the objection as disallowed

under subsection (8).

The Department shall be treated as having

disallowed the objection and served the

person with notice to that effect on the day

that the notification is filed with the

Department.

A person shall be required to notify the

Department in writing of the matter of having

treated the objection as disallowed under

subsection (8).

The Department shall be treated as having

disallowed the objection and served the person

with notice to that effect on the day that the

notification is filed with the Department.

Person shall inform Department in writing

attaching a copy of appeal filed as per Sub

Section (8) within 15 Days of registration of

appeal.

Section 117

(1) (Ka)

If a person does not file the returns, the

following charges are imposed on those

persons:

(Ka) Per return 2,000 on not filing return

as per Section 95(1) in an income

year

If a person does not file the returns, the following

charges are imposed on those persons:

(Ka) Per return 2,000 5,000 or 0.01 % of

Assessable Income as per Income Tax

Return whichever is higher on not filing

return as per Section 95(1) in an income

year

Schedule 1

Section

1(1)

Subject to Sub Section (2) and (4), the taxable

income of a resident natural person for an

income-year is taxed at the following rates:

(Ka) taxable income from employment upto

Rs. 350,000 – 1%;

(Kha) taxable income in excess of Rs. 350000

but not exceeding Rs.45000-Rs.3500 as

per clause(Ka) for income upto

Rs.350000 and 10% of taxable income

in excess of Rs. 350000;

(Ga) taxable income in excess of Rs.450000-

Rs13,500 as per clause (Kha) for

income upto Rs.450,000 plus 20%

taxable income in excess of Rs.450000.

(Gha) if taxable income in excesss of

Rs.650,000-Rs.53,500 as per

clause(Ga) for income upto 650,000

Subject to Sub Section (2) and (4), the taxable income

of a resident natural person for an income-year is

taxed at the following rates:

(Ka) taxable income from employment upto Rs.

350,000 Rs. 400,000 – 1%;

(Kha) taxable income in excess of Rs. 350000 Rs.

400,000 but not exceeding Rs. 450000 Rs.

500,000 -Rs. 3500 Rs. 4,000 as per

clause(Ka) for income upto Rs. 350000 Rs.

400000 and 10% of taxable income in excess

of Rs. 350000 Rs. 400000;

(Ga) taxable income in excess of Rs.450000 Rs.

500,000 and up to Rs. 700,000- Rs13,500

Rs. 14,000 as per clause (Kha) for income

upto Rs.450,000 Rs. 500,000 plus 20%

taxable income in excess of Rs.450000 Rs.

500,000.

(Gha) if taxable income in excesss of Rs.650,000

Rs. 700,000 but up to Rs. 2,000,000-

Rs.53,500 Rs. 54,000 as per clause(Ga) for



plus 30% taxable income in excess of

Rs. 650,000.

(Nga) If taxable income in excess of 2 million

, additional tax at 20% shall be charged

on the tax rate as per clause (Gha)

For a taxpayer having registered sole

proprietorship firm and having income from

pension and amount contributed by natural

person on contribution based pension fund, 1%

tax under Clause (Ka) is not applied.

income upto 650,000 Rs. 700,000 plus 30%

taxable income in excess of Rs. 650,000 Rs.

700,000.

(Nga) If taxable income in excess of 2 million ,

additional tax at 20% shall be charged on the

tax rate as per clause (Gha)

For a taxpayer having registered sole proprietorship

firm and having income from pension and amount

contributed by natural person on contribution

based pension fund pension fund and income of

natural person contributing at contribution based

social security fund 1% tax under Clause (Ka) is not

applied.

Schedule 1

Section

1(2)

Subject to Sub Section (4), the taxable

income of a couple making an election

under section 50 for an income-year shall

be taxed at the following rates:

(Ka) taxable income from employment

upto Rs. 400,000 – 1%;

(Kha) taxable income in excess of

Rs.400000 but not exceeding

Rs.500000-Rs.4000 as per

clause(Ka) for income upto

Rs.400000 and 10% of taxable

income in excess of Rs. 400000;

(Ga) taxable income in excess of

Rs.500000-Rs.14000 as per clause

(kha) for income upto Rs.500000

plus 20% taxable income in excess

of Rs.500,000.

(Gha) if taxable income in excess of

Rs.700,000-Rs.54,000 as per

clause(Ga) for income upto 700,000

plus 30% taxable income in excess

of Rs. 700,000.

(Nga) If taxable income in excess of 2

million , additional tax at 20% shall be

charged on the tax rate as per clause (Gha)

Subject to Sub Section (4), the taxable income of

a couple making an election under section 50 for

an income-year shall be taxed at the following

rates:

(Ka) taxable income from employment upto

Rs. 400,000 Rs. 450,000 – 1%;

(Kha) taxable income in excess of Rs.400000

Rs.450,000 but not exceeding Rs.500000

Rs.5,50,000 - Rs.4000 Rs.4,500 as per

clause(Ka) for income upto Rs.400000

Rs.450,000 and 10% of taxable income in

excess of Rs. 400000 Rs. 4,50,000 ;

(Ga) taxable income in excess of Rs.500000

Rs.550,000- but not exceeding Rs.

750,000 Rs.14000 Rs.14,500 as per clause

(kha) for income upto Rs.500000

Rs.550,000 plus 20% taxable income in

excess of Rs.500000 Rs.550,000.

(Gha) if taxable income in excess of Rs.700,000

Rs.750,000 but not exceeding Rs. 2,000,000 -

Rs.54,000 Rs.54,500 as per clause(Ga) for

income upto Rs.700,000 Rs.750,000 plus 30%

taxable income in excess of Rs.700,000

Rs.750,000.

(Nga) If taxable income in excess of 2 million ,

additional tax at 20% shall be charged on

the tax rate as per clause (Gha)





pension and amount contributed by natural

person on contribution based pension fund,

1% tax under Clause (Ka) is not applied.



pension and and income of natural person

contributing at contribution based pension fund

1% tax under Clause (Ka) is not applied.

Schedule 1

Section1

(4)

As per Sub section (4) od Section 1 of

Schedule 1, Subject to Sub section(3) the

following Natural Person Shall be taxed as

follows:

As per Sub section (4) od Section 1 of Schedule

1, Subject to Sub section(3) the following Natural

Person Shall be taxed as follows:

(Ka) the greater of the following amounts

shall be taxed at the rates specified in

Sub section(1) or(2) as though it were

the only taxable income of the Natural

Person or couple, as the case requires

;and

(Ka) the greater of the following amounts shall

be taxed at the rates specified in Sub

section(1) or(2) as though it were the

only taxable income of the Natural

Person or couple, as the case requires

;and

(1) the total of Natural person or couples

taxable income less the gains; or

(1) the total of Natural person or couples taxable

income less the gains; or

(2) Rs.350000, in the case of a Natural

person, or Rs.400000 in the case of a

couple,

(2) Rs.350000 Rs. 400,000 , in the case of a

Natural person, or Rs.4,00,000 Rs.4,50,000

in the case of a couple,

(Kha) the balance of the taxable income is

taxed at the rate of 10%.But,

(Kha) the balance of the taxable income is taxed

at the rate of 10%.But,

(1) Tax shall be levied at 2.5% if the

ownership is more than 5 years of the

Non Business Chargeable Asset-

NBCA (land and house and land)

disposed off.

(1) Tax shall be levied at 2.5% if the ownership

is more than 5 years of the Non Business

Chargeable Asset- NBCA (land and house

and land) disposed off.

(2) Tax shall be levied at 5% if the

ownership is less than 5years of the

NBCA (land and House and land)

disposed off.

(2) Tax shall be levied at 5% if the ownership is

less than 5years of the NBCA (land and

House and land) disposed off.

(3) Tax shall be levied at 5% 7. 5% on

the gain from disposal of an interest in

any entity listed in Securities Exchange

Board of Nepal.

(3) Tax shall be levied at 5% 7. 5% on the gain

from disposal of an interest in any entity

listed in Securities Exchange Board of

Nepal.



Schedule 1

Section

1(7)

The amount of tax referred to in section

4(4) shall be-

(Ka) for Natural Persons conducting

business in the Metropolitan or

Sub-Metropolitan Cities - Rs 5000;

(Kha) for Natural Persons conducting

business in Municipalities - Rs

2,500; and

(Ga) for Natural Persons conducting

business anywhere else in Nepal –

Rs 1,500.

The amount of tax referred to in section 4(4) shall

be-

(Ka) for Natural Persons conducting business

in the Metropolitan or Sub-Metropolitan

Cities - Rs 5000 Rs. 7,500;

(Kha) for Natural Persons conducting business

in Municipalities - Rs 2,500 Rs. 4,000;

and

(Ga) for Natural Persons conducting business

other than mentioned in Clause (Ka) and

(Kha) – Rs 1,500 Rs. 2,500.

Schedule 1

Section

1(14)

Notwithstanding this section, tax shall be

calculated at the rate of 20% on the taxable

income instead of the 30% tax rate

applicable under this section, if a natural

person is wholly engaged in operating a

special industry referred to in Section 11 for

an income year.

Deleted

Schedule1

Section 1

(15)

While calculating tax on the taxable income

from export of a natural person in an

income year, 25% exemption will be

availed for income taxed at 20% and 50%

exemption will be availed for income taxed

at 30%

Deleted

Schedule1

Section 1

(17)


4(4Ka) shall be-

(Ka) for person conducting business of

gas and cigarette with upto 3%

commission or value addition:

0.25% of transaction;

(Kha) for person conducting business


4(4Ka) shall be For the purpose of

computation of tax as per Section 4(4Ka) on

the basis of turnover, transaction up to Rs.

2,000,000 shall be taxed as per Section 4(4) of

the Act and transaction in excess of it shall be

taxed at the following rate -

(Ka) for person conducting business of gas

and cigarette with upto 3% commission

or value addition: 0.25% of transaction;

(Kha) for person conducting business other than



other than mentioned in Clause

(Ka): 0.75% of transaction;

(Ga) for person engaged in service

sector business: 2% of transaction.

However, if tax calculated under clause

(Ka), (Kha) and (Ga) is less than Rs. 5,000

then, Rs. 5,000

mentioned in Clause (Ka): 0.75% of

transaction;

(Ga) for person engaged in service sector

business: 2% of transaction.

However, if tax calculated under clause (Ka),

(Kha) and (Ga) is less than Rs. 5,000 then, Rs.

5,000

Schedule1

Section2(1)

Subject to sub Section (2), (3), (4), (5) and (7),

the taxable income of an entity for an income-

year is taxed at the rate of 25 percent.

Subject to sub Section (2), (3), (4), (5) and (7),

the taxable income of an entity for an income-

year is taxed at the rate of 25 percent.

Schedule1

Section2(3)

Income having a source in Nepal derived as

follows during an income-year by an entity

shall be taxed at the rate of 20 percent.

(Ka) an entity wholly engaged in

operating a special industry as

referred to in section 11 for the

year; or

(Kha) the entity has-

(1) Operated any road, bridge, tunnel,

rope-way, or flying bridge

constructed by the entity; or

(2) Operated any trolley bus, or tram, or

(3) Co-Operatives registered and

carrying out transaction under

Cooperative Act, 2048 except those

carrying out transaction with tax

exemption.

Income having a source in Nepal derived as

follows during an income-year by an entity

shall be taxed at the rate of 20 percent.

(Ka) an entity wholly engaged in operating a

special industry as referred to in section

11 for the year; or

(Kha) the entity has-

(1) Operated any road, bridge, tunnel,

rope-way, or flying bridge constructed

by the entity; or

(2) Operated any trolley bus, or tram, or

(3) Co-Operatives registered and carrying

out transaction under Cooperative Act,

2048 except those carrying out

transaction with tax exemption.

Co-Operatives registered and carrying out

transaction under Cooperative Act, 2074

except those carrying out transaction with tax

exemption shall be taxed at the rate of 20%.

But,

Following rebate shall be provided to

Cooperative as mentioned below doing



financial transaction:

(Ka) 75% of applicable tax rate if operated in

Municipality area

(Kha) 50% of applicable tax rate if operated in

Metropolitan or sub metropolitan area

Schedule1

Section2(3

Ka)

Tax will be levied at 20% on the taxable

income of an entity from export of having

source in Nepal.

DELETED

Schedule1

Section2(4)

The taxable income of an entity wholly

engaged in the projects conducted by any

entity so as to build public infrastructure,

own, operate and transfer it to the GON and

in power generation, transmission, or

distribution for an income-year shall be

taxed at the rate of 20 percent.

DELETED

Rule 29(3)

A person shall pay tax in accordance with

sub-Rule (1) in the following forms:

(Ka) if the payment is made to the

Department where the payment does

not exceed the limits for cash

payment prescribed by the

Department, in cash; or where the

payment exceeds the limits, by bank

cheques or bank draft; or

(Kha) If the payment is made to a bank

empowered to conduct Government

transactions, in cash, bank cheques

or bank draft.

A person shall pay tax in accordance with sub-

Rule (1) in the following forms:

(Ka) if the payment is made to the Department

where the payment does not exceed the

limits for cash payment prescribed by the

Department, in cash; or where the payment

exceeds the limits, by bank cheques or

bank draft; or

(Kha) If the payment is made to a bank

empowered to conduct Government

transactions, in cash, bank cheques or bank

draft.

But for doing government transaction if

payment is to be made through

authorized bank in excess of Rs. 10 Lakh

then payment should be made via

cheque, draft or electronic medium.



• VALUE ADDED TAX

Section/Rule Old Provision Amended Provision

Section 10(2) Any person engaged in transaction of

taxable goods and services shall apply in

the prescribed format within 30 days to a

tax officer from date of such taxability or

commencement of transaction:-

(Ka) Transaction by bricks production,

liquor distributor, wine shop,

software, trekking, rafting, ultra

light flight, paragliding, tourist

vehicle, crusher, sand mines,

business operations related to slate

and stone industry,

(kha) Where any person operates a

business of hardware, sanitary,

furniture, fixture, furnishing,

automobiles, motor parts,

electronics, marbles, education

consultancy, disco theque, health

club, massage therapy, beauty

parlour, catering services, party

palace business, parking service,

dry cleaners operated with

machinery, retaurant with bar, ice-

cream industry, colour lab,

boutique, tailoring business with

materials of suiting shirting,

supplying uniform to educational

institutions or health institutions or

other entities within metropolitan,

sub-metropolitan,municipality or

areas as designated by the

department.

Any person engaged in transaction of taxable

goods and services shall apply in the prescribed

format within 30 days to a tax officer from date

of such taxability or commencement of

transaction:-

(Ka) Transaction by bricks production, liquor

distributor, wine shop, software,

Liquor, Wine, Health Club, Disco

theque, Massage therapy, Motor Parts,

Electronic Software, Custom Agent,

Toy Business, Junk or Scrap Business,

trekking, rafting, ultra light flight,

paragliding, tourist vehicle, crusher, sand

mines, business operations related to slate

and stone industry,

(kha) Where any person operates a business of

hardware, sanitary, furniture, fixture,

furnishing, automobiles, motor parts,

electronics, marbles, education

consultancy, disco theque, health club,

massage therapy, beauty parlour,

Educational and Legal Consultancy

services, Accounting and Auditing

related services catering services, party

palace business, parking service, dry

cleaners operated with machinery,

retaurant with bar, ice-cream industry,

colour lab, boutique, tailoring business

with materials of suiting shirting,

supplying uniform to educational

institutions or health institutions or other

entities within metropolitan, sub-

metropolitan,municipality or areas as

designated by the department.

Section No provision Person registered as per this Act, should

update registration related information and



10Ga(1) documents in biometric registration procedure

as specified by the deparment within the

stipulated time.

Section 14(6) A provision will be made to recover the

tax at consumer’s level on the published

price by issuing invoice in prescribed

format while selling those goods by the

person under Sub Section (7) to non-

registrants.

Provided that the person not specified

under Sub Section (7) may voluntary

issue the invoice in the prescribed format

under this Sub Section.

A provision will be made to recover the tax at

consumer’s level on the published price by

issuing invoice in prescribed format while selling

those goods by the person under Sub Section (7)

(5) to non-registrants.

Provided that the person not specified under Sub

Section (7) (5) may voluntary issue the invoice in

the prescribed format under this Sub Section.

Section

19(7Ka)

No provision Notwithstanding Sub Section (7), tax in excess

of Rs. 1,000,000 shall only be paid through

cheque, draft or electronic medium.

Section 24(3) A registered person may file a claim to a

tax officer for a lump sum refund, as

prescribed, of the amount of the

remaining excess after offsetting for a

continuous period of six months under

this section.

A registered person may file a claim to a tax

officer for a lump sum refund, as prescribed, of

the amount of the remaining excess after

offsetting for a continuous period of six four

months under this section.

Section 25(1)

(Ka1)

No provision As per Sub Section (1) of Section 25, the

following amounts collected as tax shall be

refunded immediately, if the application for

refund is submitted within 3 years from the date

of the transaction on which the claim for refund is

based:

(Ka1) Tax paid by mission availing diplomatic

facility on purchase of taxable goods or

services within Nepal on the

recommendation of Nepal Government,

Foreign Ministry.



Section

25(1Ka)

Notwithstanding Sub Section (1), no

refund of the tax paid will be made on

purchase of taxable goods or service for

less than Rs.5000 at a time by a diplomat

or diplomatic mission.

Notwithstanding Sub Section (1), no refund of the

tax paid will be made on purchase of taxable

goods or service for less than Rs.5000 Rs.10,000

at a time by a diplomat or diplomatic mission.

Section

25(1Kha)

No provision Any consumer at the time of purchasing goods

or services makes payment through electronic

medium as per prevailing laws then 10% of

tax payment shall be refunded as cash

incentive at bank account of consumer as per

the procedure specified by department.

Section

29(1)(Kha)

On infringement of Sub Section (5), (6) or

(7) of Section 10, Rs.1,000 for each time

of offence

On infringement of Sub Section (5) or (6) or (7)

of Section 10, Rs.1,000 for each time of offence,

Section

29(1)(Kha2)

No provision On infringement of Sub Section (7) of Section

10, Rs.10,000 for each time of offence

Section

29(1)(Ga)

On Infringement of Sub Sections (1) and

(4) of Section 14, Rs.5,000 for each time

and the chargeable tax,

On Infringement of Sub Sections (1) and (4) of

Section 14, Rs.5,000 for each time and the

chargeable tax,

On infringement of Section 14(1), not issuing

invoice Rs. 10,000 each time and not receiving

invoice Rs. 1,000 each time.

Section

29(1)(Ga1)

No provision On infringement of Section 14(4), Rs. 10,000

each time

Section

29(1Ga)

Fifty per cent of the bill amount shall be

levied to selling persons issuing bills

without transferring goods.

Fifty per cent of the bill amount penalty or

imprisonment up to 6 month or both shall be

levied to selling persons issuing bills without

transferring goods.

Section

31Ka(6)

The taxpayer applying under Sub Section

(1) should pay undisputed tax amount and

deposit cash in 1/3 of the disputed tax

amount out of the assessed tax amount.

The taxpayer applying under Sub Section (1)

should pay undisputed tax amount and deposit

cash in 1/3 1/4 of the disputed tax amount out of

the assessed tax amount.



Schedule 1

Tax exempted

goods and

services:

Group 1

Basic

Agricultural

Products

11.03

Wheat or meslin flour (1103.11.00) Deleted

Schedule 1

Tax exempted

goods and

services:

Group 1

Basic

Agricultural

Products

Soyabadi Maseora

Deleted

Schedule 1

Tax exempted

goods and

services:

Group 9

Passenger

Carrying

Transport

And Freight

Services

Air transport, service from mechanical

bridge, public passenger transport (except

cable car), transport services (except

transport related to supply) and cargo

service for the purpose of export.

Air transport, service from mechanical bridge,

public passenger transport (except cable car),

transport services (except transport related to

supply) and cargo service for the purpose of

export.

Schedule 1

Tax exempted

goods and

services:

GROUP 11 :

OTHER

GOODS

AND

SERVICES

87.03

Three Wheeler vehicles (Auto Rickshaws

Bat_ tery opreated only Like SAFA

Tampoo (8703.80.10)

Deleted



Rule 6Ka(2) No Provision Government body, public institution or

registered person should acquire contract or

consultancy service for more than Rs. 5,00,000

in a year only from registered person.

Rule 6Ga No Provision Government body or organization wholly or

partly owned by Nepal Government at the

time of making payment against tender

agreement or contract for supply of goods or

service or goods and services to respective

contractor or supplier, should deposit 50% of

tax payable amount, in the name of contractor

or supplier at respective revenue code and pay

only balance amount of tax to them. Revenue

such deposited shall be informed to related

contractor or supplier and amount deposited

can be setoff with tax payable by related

contractor or supplier.

Rule 7Kha No Provision Registered person shall update its information

within 2077 Ashad end as per Section 10Ga of

the Act on Biometric Procedure.

Rule 41(1) For the purpose of Section 17 of the Act,

tax may not be deducted in respect of the

following goods or services:

(Ka) Beverages,

(Kha) Alcohol or alcohol mixed

beverages such as liquor and

beers;

(Ga) Light petroleum (Petrol) fuel for

vehicles,

(Gha) Entertainment expenses.

For the purpose of Section 17 of the Act, tax may

not be deducted in respect of the following goods

or services:

(Ka) Beverages,

(Kha) Alcohol or alcohol mixed beverages such

as liquor and beers;

(Ga) Light Petroleum Product (Petrol) fuel for

vehicles (Petrol, Diesel and L.P. Gas),

(Gha) Entertainment expenses.

Rule 45(1) When refunding the amount of tax for the

purpose of Sub-sec.(3) and (4) of Section

24 or Section 25 of the Act, the TO shall

immediately investigate the evidence

submitted by the Taxpayer for the refund

of tax and refund the tax within 30-days

When refunding the amount of tax for the

purpose of Sub-sec.(3) and (4) of Section 24 or

Section 25 of the Act, the TO shall immediately

investigate the evidence submitted by the

Taxpayer for the refund of tax and refund the tax

within 30 60 days with respect to Section 24(3)



of the date of registration of the claim.

– and within 30 days with respect to Section

24(4) and Section 25 of the date of registration of

the claim.

Rule 45(2Ka) No Provision For the purpose of refund, tax paid on goods or

services purchased from listed firm or company

(refund shop) by Diplomatic mission or diplomats

as per Section 25(1)(Ka) and (Ka1) can be

refunded within 30 days as per the procedure

prescribed by department.

Rule 58Ka The tax payer may take the service of the

tax facilitator for required information and

help in relation to tax.

Deleted



EXCISE ACT, 2058 & EXCISE (19TH

AMENDMENTS) RULES, 2076

SECTION/

RULES OLD PROVISION AMENDED PROVISION

Section

4Ga(2)(Kha)

If any diplomatic body (mission), project

or other body (governmental as well as

non-governmental organization) intends to

scrap and cancel the registration of any

motor vehicle that it has imported with the

enjoyment of the tariff facility and that is

more than Fifteen years old after the year

of initial production, with the approval of

the Ministry of Finance, the excise duty

shall not be levied on such a motor vehicle.

If any diplomatic body (mission), project

person or other body (governmental as well as

non-governmental organization) intends to

scrap and cancel the registration of any motor

vehicle that it has imported with the enjoyment

of the tariff facility and that is more than

Fifteen years old after the year of initial

production, with the approval of the Ministry

of Finance, the excise duty shall not be levied

on such a motor vehicle.

Section

9(6Ka)

No provision Licensed manufacturer or importer if fails to

renew within the time limit mentioned in Sub

Section (5) can renew within first 3 month

from the date of such expiry by paying 50% of

renewal fee and within three months after that

shall pay 100 % penalty.

But, Licensed manufacturer or importer who

had obtained licensed as per Section 9(3) and

not renewed its license as per Sub Section (5)

if desires to renew then by paying renewal fee

applicable for every year including 100% of

such fee as penalty can renew within 2076

poush end.

Section 19(5) The taxpayer who makes an application

pursuant to Sub-section (1) has to pay

undisputed amount of excise duty and

amount of fine, out of the amount of excise

duty assessed, and furnish a cash deposit of

One Third of the amount of excise duty in

controversy and amount of fine.

The taxpayer who makes an application

pursuant to Sub-section (1) has to pay

undisputed amount of excise duty and amount

of fine, out of the amount of excise duty

assessed, and furnish a cash deposit of One

Third Fourth of the amount of excise duty in

controversy and amount of fine.

Rule 34 Any licensee who produces rectified spirit

or ENA has to so set the recovery rate that

Any licensee who produces rectified spirit or

ENA has to so set the recovery rate that at least



at least 20 liter rectified spirit or 19 liter

ENA of a minimum 65 OP, 19

literanyhdorus ethanol of a minimum 72

OP has to be produced from a quintal of

molasses at the end of each month.

Minimum recovery rate of ENA is 95 liter

from rectified spirit per 100 liters.

Recovery level of 30.57 liters of ENA from

food grains per quintal of minimum 68.8

OP is fixed. In case of production from

others, it has to be as prescribed by the

Department.

Any licensee who has set the recovery rate

below this rate has to submit reasonable

and adequate reasons therefor to the

Department and obtain approval. In cases

where approval is not given by the

Department, the Office shall recover from

the licensee all the revenues chargeable on

the margin of quantity as per the maximum

rate on the liquors.

20 liter rectified spirit or 19 liter ENA of a

minimum 65 OP, 19 literanyhdorus ethanol of

a minimum 72 OP has to be produced from a

quintal of molasses at the end of each month.

Minimum recovery rate of ENA is 95 liter

from rectified spirit per 100 liters. Recovery

level of 30.57 42 liters of ENA from food

grains per quintal of minimum 68.8 OP is

fixed. Organizations producing wine from

fruits shall produce from per kg of fruits

wine of 2liter containing 12% portion of

alcohol or on basis of same percentage of

alcohol produce proportionate wine. In case

of production from others, it has to be as

prescribed by the Department.

Any licensee who has set the recovery rate

below this rate has to submit reasonable and

adequate reasons therefor to the Department

and obtain approval. In cases where approval

is not given by the Department, the Office

shall recover from the licensee all the revenues

chargeable on the margin of quantity as per the

maximum rate on the liquors.



CUSTOM ACT

Section/Rules Old Provision Amended Provision

11(2) The Government of Nepal may accord

the facility, as prescribed, to import

under the bank guarantee facility, in

accordance with the prescribed terms,

such raw materials or subsidiary raw

materials as to be imported by any

industry for the purpose of manufacturing

goods and export them or such goods as

are imported for the operation of a duty

free shop.

However, the industry which exports

liquor, cigarette or other tobacco

substance shall not get such facility.

The Government of Nepal may accord the

facility, as prescribed, to import under the

bank guarantee facility, in accordance with

the prescribed terms, such raw materials or

subsidiary raw materials as to be imported by

any industry for the purpose of manufacturing

goods and export them or such goods as are

imported for the operation of a duty free shop.

However, the industry which exports

liquor, cigarette or other tobacco substance

shall not get such facility.

12(1) The Government of Nepal shall accord

customs duty exemption and other

facility against bank guarantee to the

following goods to be exported and

imported by any industry situated in the

Special Economic Zone:

(Ka) Such raw materials, subsidiary raw

materials as required to

manufacture finished goods to be

exported, packing materials and

other materials to be used in

manufacturing,

(Kha)Plants, machineries, machines,

equipment, tools and spare parts as

required for the industry, and up to

three motor vehicles based on the

size and nature of industry

Special Economic Zone Authority on its

recommendation can provide following

benefits on goods imported by the industry

established in Special Economic Zone :

(Ka) Provide custom duty exemption by

levying 1% custom duty for one time

on 1 bus imported by the industry for

pickup and drop of its employees ,

labour and 2 transport vehicle for the

purpose of transportation of goods.

But, if such bus or transport vehicle

imported on custom duty exemption is

transferred or sold or through any

other way transfer of ownership then

full duty shall be payable as per the

prevailing laws.

(Kha) Equivalent bank guarantee instead of

custom duty or other duty to be paid

on import of required raw materials,

subsidiary raw materials (including

packing material) as required to

manufacture goods to be exported or

to be sold at exchangeable foreign



Explanation:

For the purposes of this Section, "Special

Economic Zone" means a zone specified

as a special economic zone by the

Government of Nepal through

notification in the Nepal Gazette.

currency within country.

(Ga) Equivalent bank guarantee instead of

custom duty or other duty to be paid

on import of plants, machineries,

machines, equipment, tools and spare

parts

Explanation:

For the purposes of this Section, "Special

Economic Zone" means a zone specified by

Nepal Government as per the prevailing

laws.

12(1Ka) No Provision Custom office shall release Bank Gurantee

on the written recommendation of Special

Economic Zone Authority after completion

of purpose for which bank guarantee has

been taken as per Sub Section 1(Kha) or

(Ga).

12(2) If any importer sells, as prescribed, any

goods which that importer has imported

to any industry situated in the special

economic zone and that importer has paid

the customs duty for importing such

goods, the Customs Office shall refund,

as prescribed, such customs duty to that

importer.

If any importer sells, as prescribed, any goods

which that importer has imported to any

industry situated established in the special

economic zone and that importer has paid the

customs duty for importing such goods, the

Customs Office shall refund, as prescribed,

such customs duty to that importer.

12(3) If any industry situated outside the

special economic zone sells any finished

goods manufactured by that industry to

any industry situated within the special

economic zone, such customs duty and

other facility as is accorded in the event

of export shall be accorded as if that sale

were an export.

If any industry situated established outside

the special economic zone sells any finished

goods manufactured by that industry to any

industry situated established within the

special economic zone, such customs duty

and other facility as is accorded in the event

of export shall be accorded as if that sale were

an export.



12(4) If an industry situated within the special

economic zone so sells any goods

manufactured from the raw materials

imported under the customs duty

exemption that such goods are consumed

in Nepal, such goods shall be allowed to

be taken out of the special economic zone

only after payment of duty chargeable on

the raw materials used in such goods.

If an industry situated established within the

special economic zone so sells any goods

manufactured from the raw materials

imported under the customs duty exemption

that such goods are consumed in Nepal, such

goods shall be allowed to be taken out of the

special economic zone only after payment of

duty chargeable on the raw materials used in

such goods.

12(6) No Provision Industry if wants to shift from special

economic zone to other than such zone then

respective authority shall provide approval of

shifting only if industry pays an amount of

exemption other than Value Added Tax

availed as per this section to the respective

Custom Office.

13(14) Notwithstanding anything contained

elsewhere in this Section, if the owner of

the goods imported under the Baggage

Order for personal purposes or the goods

received as a gift or specimen and

imported from a foreign country or relief

materials makes an application for the

valuation of such goods, showing the

reason for failure to indicate the

transaction value thereof and if the

Customs Officer considers the matter to

be appropriate or submitted without

indication of value, he or she may

determine a reasonable customs value of

such goods.

Notwithstanding anything contained

elsewhere in this Section, if the owner of the

goods imported under the Baggage Order

for personal purposes notice related to

goods that passenger can bring or take for

personal purpose or the goods received as a

gift or specimen and imported from a foreign

country or relief materials makes an

application for the valuation of such goods,

showing the reason for failure to indicate the

transaction value thereof and if the Customs

Officer considers the matter to be appropriate

or submitted without indication of value, he

or she may determine a reasonable customs

value of such goods.

32 After the clearance of goods by the

Customs Office, such goods may be kept

in the means of transport which is to be

used for transporting them, and the

Customs Office may seal such means of

transport.

After the clearance of goods by the Customs

Office, such goods may be kept in the means

of transport closed container which is to be

used for transporting them, and the Customs

Office may seal such means of transport

container.



34(3) If, upon audit made pursuant to sub-

section (1), it appears that less duty has

been recovered by the reason of

difference in sub-heading of commodity

classification, the concerned Customs

Office shall recover such shortfall

amount of duty and fine equivalent to

that of shortfall amount from the

importer.

If, upon audit made pursuant to sub-section

(1), it appears that less duty has been

recovered by the reason of difference in sub-

heading of commodity classification or due to

exemption of applicable duty, the concerned

Customs Office shall recover such shortfall

amount of duty and fine equivalent to that of

shortfall amount from the importer.

41(5) For reference purpose only

While taking bail for punishment

pursuant to sub-section (1), it shall be

taken by fifty rupees for one day of

imprisonment.

If any person produced pursuant to sub-

section (3) of Section 40 is found to be an

offender based on the evidence available for

the time being, the Customs Officer may

release such person on bail which includes the

amount for imprisonment and fine that can be

imposed on such person pursuant to this Act

and the amount equal to the amount in

controversy where such amount is also to be

recovered on the condition that such person

shall make presence at the prescribed place

and time.

While taking bail for punishment pursuant to

sub-section (1), it shall be taken by fifty three

hundred rupees for one day of imprisonment.

57(18) Notwithstanding anything contained in

this Act, the goods cleared under Section

20(20(Ka), (Kha) or (Ga), if during re-

checking by any authorized officer under

this Act, whether before taking the goods

by the importer or after taking out of the

Customs area, it is found that the goods

are different in name, nature, physical

specialty, qualitative characteristics,

measurement and quality than in the

declaration, amount equivalent to three

hundred percentage of the value of goods

in addition to the amount of fine and duty

under this section shall be collected and

Notwithstanding anything contained in this

Act, the goods cleared under Section

20(20(Ka), (Kha) or (Ga), if during re-

checking by any authorized officer under this

Act, whether before taking the goods by the

importer or after taking out of the Customs

area, it is found that the goods are different in

name, nature, physical specialty, qualitative

characteristics, measurement, and quality

and quantity than in the declaration, amount

equivalent to three hundred percentage of the

value of goods in addition to the amount of

fine and duty under this section shall be

collected and goods can be released, or charge



goods can be released, or charge two

hundred percentage of the value of the

goods and confiscate the goods.

two hundred percentage of the value of the

goods and confiscate the goods.

89Kha(6) No Provision Administration of export or import

identification number under this section

shall be done by prescribed entity

published in Nepal Gazette by Nepal

Government and until the publication of

such notice custom department shall

perform administrative work related to

such identification number.

89Gha No Provision (1) Notwithstanding anything contained

in applicable laws, custom officer if

after using its authorized password

takes print out of documents related

to clearance from the records

maintained at computer system shall

be deemed equivalent to as if it is

signed even if it is not signed by the

employee.

(2) By using authorized password

provided by the Custom Department

if takes print out of documents from

the records done through electronic

medium related to declaration of

goods, communication of information

or clearance maintained at computer

system shall be deemed equivalent to

as if it is signed even if it is not signed

by the related person.

91 If any person arrests any other person

while bringing goods through elsewhere

than the customs area by evading the

customs duty and produces such other

person for action under this Act, the

Director General or the official deputed

by him or her, and if such goods

produced to any customs office customs

officer concerned, shall have the power

to take action against such person.

(1) If any person arrests any other person

while bringing goods through

elsewhere than the customs area by

evading the customs duty and produces

such other person for action under this

Act, the Director General or the

official deputed by him or her, and if

such goods produced to any customs

office customs officer concerned, shall

have the power to take action against

such person.

(2) Notwithstanding anything contained in

this Act, Director General if received



any information or on suspicion related

any goods cleared from custom office

can order any officer to hold those

goods and submit report after essential

investigation.

(3) On the basis of report received as per

Sub Section (2), Director General may

take required action by using the

equivalent right under this act for

Custom Officer.

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