Rethinking MRP-Based Customs Valuation in Nepal

Nepal’s customs administration applies duties on a Maximum Retail Price (MRP) basis for a range of imported consumer goods, particularly products entering from India. These include packaged foods, cosmetics, pharmaceuticals, and selected consumer products. Instead of calculating duties on the transaction value or the cost, insurance, and freight (CIF) value of imports, customs authorities often assess duties against the MRP printed on product packaging.