Trade deficit surges to Rs 79.99bn in first month Kathmandu, August 30 The country’s trade deficit has widened to Rs 79.99 billion in the first month of the current fiscal 2017-18 along with exponential surge in imports against the negative export growth. According to data unveiled by the... 31 Aug, 2017
Customs offices in Tarai resume operations Kathmandu, August 15 The operation of customs offices based in the Tarai region, which had been affected by the incessant rainfall and subsequent floods, has started to normalise from today. The customs offices located in the Tarai, which... 16 Aug, 2017
TIA customs system digitalised Kathmandu, July 20 The Department of Customs (DoC) has started a digital system of clearing goods at the Tribhuvan International Airport customs office from today. After the successful installation of Automated System for Customs Data (ASYCUDA)... 21 Jul, 2017
DoC urges traders to obtain IE code Kathmandu, June 5 Department of Customs (DoC) has urged the traders to take the Import Export (IE) code being issued by the department. While the DoC has made IE code mandatory for traders from next fiscal, only few traders have taken the IE code... 06 Jun, 2017
DoC introduces ExIm code for traders Kathmandu, January 26 The Department of Customs (DoC) has introduced the Export-Import (ExIm) code for traders from today on the occasion of the 65th International Customs Day. All exporters and importers must obtain the ExIm code by the end of this... 27 Jan, 2017
Private sector seeks customs valuation on factory gate price Kathmandu, January 25 The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to do customs valuation of imported goods based on the factory-gate price. Speaking at an event to mark 65th International Customs... 26 Jan, 2017
DoC gearing up to introduce CRMSAP on Int'l Customs Day Kathmandu, January 14 The government's preparation to implement the provisions of Revised Kyoto Convention for the next five years is expected to result in further reforms in customs simplification and harmonisation and ultimately boost the... 15 Jan, 2017
Introduction of ExIm code to hit small, medium traders Kathmandu, January 3 As the government is preparing to better regulate the country’s importing companies, private sector players worry the move would choke the life out of small and medium enterprises. Following the recent approval of Export... 04 Jan, 2017
EDITORIAL: Alarming scenario The doubling of the trade deficit in the review period should be taken with seriousness and attempts should be made to take immediate remedial measures The trade deficit in the first four months of this fiscal year almost doubled as compared to the... 24 Nov, 2016
Demand for iron and steel skyrockets Kathmandu, November 23 Nepal’s import of iron and steel jumped by a whopping 127 per cent in the first four months of fiscal year 2016-17 compared to the same period of the previous year, thanks to rapid acceleration of construction works across... 24 Nov, 2016
Trade deficit doubled in first quadrimester Kathmandu, November 22 The country’s trade deficit almost doubled in the first four months of the current fiscal year to Rs 277.2 billion as compared to the corresponding period of the previous fiscal, as imports surged heavily since the... 23 Nov, 2016
Automobile business sees substantial growth Kathmandu, November 13 Vehicles and spare parts worth Rs 25.4 billion were imported in Nepal in the first three months of fiscal year 2016-17 (mid-July to mid-October), due to the boom in the country’s automobile business lately. Following... 14 Nov, 2016
