Transit Duty Cover
Covers
Duty difference (Market - CIF)
Route
Calcutta to Nepal (land)
Goods
Non-sensitive items only
Coverage
Min Coverage
रु. 0
Max Coverage
रु. 0
Claim Settlement Rate (Shikhar Insurance)
93.92%Claims Paid: 4,823Claims Outstanding: 312
Description
Pays the duty/difference between market value and CIF value when insured goods imported via land through India (from Calcutta to Nepal) do not reach Nepal due to theft, pilferage, or non-delivery. Only covers duty difference — does not cover loss or damage of goods while in transit. Applicable to non-sensitive items (watches, silk, fabrics, spices, electronics and parts, etc.).
Features
- Covers duty/difference between market value and CIF value
- Valid only for land imports via India (Calcutta to Nepal)
- Covers theft, pilferage and non-delivery
- Does not cover loss or damage to goods during transit
- For non-sensitive goods (watches, silk, fabrics, spices, electronics and parts)
Highlights
- Duty-difference cover
- Calcutta → Nepal (land) route only
- Covers theft/pilferage/non-delivery
- Transit damage excluded