Govt to introduce anti-dumping, countervailing measures

Kathmandu, February 21 The government is set to curb the import of goods that destabilise the domestic market. Following approval from the Cabinet last week, the Ministry of Industry, Commerce and Supplies (MoICS) is set to table the Bill on...

22 Feb, 2019

�I think the GST will boost authorised trade from India to Nepal�

The country is cautiously watching the recent change in the Indian tax regime as two-third of the country’s trade takes place with the southern neighbour, which also provides transit facility for third-country trade. Though the goods and services tax...

10 Jul, 2017

India exempts CVD on Nepali jute exports

Kathmandu, April 25 The Indian government has lifted the countervailing duty (CVD) imposed on export of Nepali jute products. Issuing a press note today, the Embassy of India in Kathmandu, said that the Indian government issued a notification...

26 Apr, 2017

Export of Nepali jute items to India resumes

Kathmandu, February 1 The export of jute products from Nepal to India, which was halted for more than a month, has resumed after the Indian Customs Office agreed to release the consignments of Nepali jute traders to the Indian market keeping the...

02 Feb, 2017

Commerce minister seeks ease in export of Nepali products to India

Kathmandu, January 28 Commerce Minister Romi Gauchan Thakali has asked the commerce minister of India to facilitate export of Nepali products to the southern neighbour. On the sidelines of two-day Partnership Summit 2017 that concluded in...

29 Jan, 2017

�Nepal and India will soon sign a pact to harmonise standards of goods�

Nepal and India concluded the Intergovernmental Committee (IGC) meeting headed by the commerce secretaries from both countries on Thursday, in New Delhi. The IGC is a mechanism constituted under Nepal-India Treaty of Trade to resolve issues of trade...

04 Jul, 2016

Nepali traders seek suspension of countervailing duty in India

KATHMANDU: Nepal Foreign Trade Association (NFTA) has requested for removal of countervailing duty imposed by the government of India on the import of Nepali goods. Even as Nepali exporters have long been lobbying for the same through the...

06 Apr, 2016

THT 10 YEARS AGO: Here�s how leaders celebrated Holi

Kathmandu, March 14, 2006 Given the mood and inclination demonstrated by the leaders of the leading political parties, it appears that they took time off from active politics today to celebrate the timehonoured festival of colours, Holi. Leading the...

15 Mar, 2016

� THT 10 years ago: Govt to levy VAT on foreign jobs

Kathmandu, December 27, 2005 The government is planning to impose value added tax (VAT) on foreign employment, a move likely to face strong opposition from manpower agencies. The ministry of finance is planning to charge 13 per cent VAT on payment...

28 Dec, 2015

CVD waiver revives GAN's hopes

KATHMANDU: India’s removal of four per cent additional duty on Nepali Readymade Garment has sparked a new hope in the Nepali readymade garment (RMG) industry. Now, Garment Association Nepal (GAN) expects an increase of minimum 25 per cent in...

04 Mar, 2010

RMG sector hails waiver

KATHMANDU: The Indian budget, which came out on Friday, has brought unexpected cheer to Nepal’s declining readymade garment (RMG) sector. The budget has waived the four percent countervailing duty (CVD) levied on Nepali garment exports. “We...

01 Mar, 2010

Harried sector’s frantic search for new ground

Nepali Readymade Garment (RMG) is hunting for new markets. Faced with the plunge in export of Nepali RMG to the US, which used to be the largest buyer, the sector is in search of new markets. According to Prashant Kumar Pokharel, president of Garment...

09 Apr, 2009