Trade deficit widens as import up nearly 55pc Kathmandu, September 28 The country’s import surged by a staggering 54.9 per cent against the sluggish export growth of 1.2 per cent in the first two months (mid-July to mid-September) of this fiscal year. Even though trade was affected in the... 29 Sep, 2016
Trade deficit widens Kathmandu, September 6 The gap between imports and exports in the first month of the current fiscal has widened considerably as compared to the corresponding period of the previous fiscal. The country imported merchandise worth Rs 10 against exports... 07 Sep, 2016
Customs dept ramps up effort to discourage under invoicing DoC instructs its offices to utilise authority to buy consignments suspected to be undervalued and auction the same afterwards Kathmandu, August 11 The Department of Customs (DoC) has stepped up its efforts in discouraging traders from under... 12 Aug, 2016
Trade deficit with SAARC nations rises Kathmandu, August 10 The country witnessed a trade deficit with all the trading partners in the SAARC region except Afghanistan in fiscal 2015-16. According to the data recently unveiled by the Department of Customs (DoC) the country is gradually... 11 Aug, 2016
Concession sought on import of gas bullets Kathmandu, April 7 Gas bottling plants have started the process of buying liquefied petroleum gas (LPG) bullets to ferry cooking gas to the country. Till date, they have been relying on Indian transporters for the purpose. At present, bottling... 08 Apr, 2016
NTMs hamper intra-regional trade Kathmandu, March 30 A raft of non-tariff measures (NTMs) imposed by South Asian countries has been hindering the expansion of intra-regional trade in South Asia. The intra-regional trade of South Asia stands at just five per cent of the overall... 31 Mar, 2016
Customs revenue collection beats target Kathmandu, February 26 Customs offices have beaten the revenue collection target set for the seventh month of the current fiscal year, as flow of goods from the Indian side started normalising following lifting of over four-month-long... 27 Feb, 2016
EDITORIAL: Customs digitisation Once a system of transparent record-keeping is introduced which is hard to manipulate, many other benefits will accrue, improving the services Our government offices have been gradually opting for new technologies in place of the traditional ones,... 28 Jan, 2016
Customs management to get more efficient Kathmandu, January 26 The Department of Customs (DoC) has launched the pilot phase programme of the fully web-based system for customs data processing and management while observing the 64th International Customs Day, in the Capital... 27 Jan, 2016
�We will do our best to meet the annual revenue collection target� Revenue collection has been hard-hit this year due to the ongoing disruptions in supply lines at Nepal-India border points, which started in the last week of September. The disruptions at the border points have severely affected customs revenue,... 25 Jan, 2016
Overall trade squeezed by Rs 127.83 billion Kathmandu, January 7 The overall trade has been squeezed by Rs 127.83 billion in the first five months (mid-July to mid-December) of the current fiscal due to the border blockade by the agitating Madhes-based political parties since the third week... 08 Jan, 2016
Govt loses Rs 50bn revenue in first five months of fiscal Kathmandu, December 29 The government has failed to meet 31 per cent of its revenue collection target in the first five months of the current fiscal year due to unfavourable economic situation prevailing in the country caused by the border... 30 Dec, 2015
