Five items amount to nearly half of total import Kathmandu, September 30 Five major commodities that the country imports constitute nearly half of the share in total imports in the first two months of this fiscal, according to the Department of Customs (DoC). Import of fuel, iron and steel, mill... 01 Oct, 2018
Imports surge 57.18pc, trade deficit crosses Rs 100bn Kathmandu, August 30 Nepal’s imports skyrocketed by 57.18 per cent in the first month of this fiscal to Rs 120.61 billion, while exports slowed to a crawl with marginal growth of 3.19 per cent to stand at Rs 6.92 billion compared to the... 31 Aug, 2018
Share of imports through Birgunj dry port drops to 10.5 per cent Kathmandu, August 25 The volume of imports from Bhairahawa, Biratnagar, Nepalgunj, Krishnanagar and Rasuwa customs points increased substantially in the previous fiscal year. Though Birgunj is still the major gateway, with one-third of the... 26 Aug, 2018
EDITORIAL: Focus on export In order to increase export, Nepal must look for other areas where it has fairly competitive advantages The country’s trade deficit is widening every year due to huge imports of goods compared to the sluggish export. This is a serious issue that... 05 Jul, 2018
Trade deficit crosses Rs 1 trillion Kathmandu, July 3 Nepal witnessed trade deficit of Rs 1.03 trillion in the first 11 months of this fiscal (mid-July 2017 to mid-June 2018), as the country’s exports remained sluggish against skyrocketing imports. The country imported goods... 04 Jul, 2018
New FinMin instructs DoC to mitigate revenue risks Kathmandu, March 1 Owing to concerns related to slow growth of tax revenue, the newly appointed Finance Minister Yubraj Khatiwada has instructed the Department of Customs (DoC) to plug all the loopholes to mitigate the revenue risks at the... 02 Mar, 2018
Reduce customs tariff on intermediate goods: Pvt sector Kathmandu, January 25 Private sector leaders have urged the government to first bring down the customs tariff on intermediate goods and raw materials to promote industrial environment in the country. Speaking at a programme organised jointly by... 26 Jan, 2018
DoC rolls out new customs reforms Kathmandu, September 21 The Department of Customs (DoC) has unveiled its four-year plan to upgrade clearing and checking systems of customs at par with international level from this year. With Rs 15 billion assistance from Asian Development Bank,... 22 Sep, 2017
Nepal enjoys trade surplus with only 18 countries Kathmandu, September 19 The number of countries with whom Nepal enjoys trade surplus is on the decline. As of mid-August, the country had trade surplus with 18 countries out of 94, with whom the country has trade relations. The number of... 20 Sep, 2017
�Adjustment in customs tariff must to control under-invoicing� Kathmandu, September 13 The government’s recent raid on the outlets of branded products in Durbarmarg has revealed that under-invoicing in imports is rampant. Following the incident, traders have been criticised for hurting the government’s... 14 Sep, 2017
Bill of export mandatory for imports of over Rs 5,000 from India Kathmandu, September 9 Nepali traders importing goods from India will now have to mandatorily submit ‘bill of export’ from Indian firms and authorised dealers. The Department of Customs (DoC) has asked all the customs points to seek bill of... 10 Sep, 2017
Black economy thrives as under invoicing in import rampant Kathmandu, September 5 The government’s recent inspection at some of the outlets selling international brands like Nike, Puma, Store One and Bentley, among others has amazed their costumers as the market price of goods had been marked up by... 06 Sep, 2017
