Article 28 - Termination - Nepal (Old - Effective upto 31-3-2013)

Article 28 - Termination - This Agreement shall remain in force indefinitely but either of the Contracting States may, on or before the thirtieth day of June in any calendar year beginning after the expiration of a period of five years from the date of its entry into force, give the other Contracting State through diplomatic channel, written notice of termination and, in such event, this Agreement shall cease to have effect : (a) in India, in respect of income arising in any previous year beginning on or after the 1st day of April next following the calendar year in which the notice of termination is given ; (b) in Nepal, in respect of income arising in any year of income beginning on or after the 1st day of Nepalese fiscal year next following the calendar year in which the notice of termination is given. In witness whereof the undersigned, being duly authorised thereto, have signed the present Agreement. Done in duplicate at Kathmandu on this eighteenth day of January, one thousand nine hundred and eighty seven in Hindi, Nepalese and English languages, all the texts being equally authentic. In case of divergence in interpretation, the English text shall prevail.