Chapter-7 Provisions Relating to Sick Industries

Section 41: Facilities, concessions and exemptions related to sick industries

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Notwithstanding anything contained in the prevailing laws, the Government of Nepal may grant an exemption in full or in part on duty, fee or tax on any machinery, tools, or equipment to be imported by an industry imported by an industry identified as a sick industry under Section 39 or classified under Section 40 for its expansion, restructuring or diversification.

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Section 41: Facilities, concessions and exemptions related to sick industries

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