After the government reduced the customs duty for the precious metal, the price of gold has plummeted in the domestic market on Monday. In a significant single-day decline, the price of gold fell by Rs. 15,900 per tola following the Cabinet's decision to slash the customs duty on gold.
There is an onion crisis in the market after importers stopped bringing in onions following India slapping a 40 per cent customs duty on onion exports until December 2023.
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Gautam Buddha International Airport, Nepal's second international airport has failed to collect the targeted customs duty.
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KATHMANDU, April 14: The Office of Auditor General (OAG) has said that the customs duty on the import of gold should be increased. Comparing the customs rate of Nepal with the customs rate imposed on the import of gold in neighboring India, the OAG said that the customs rate for gold should be increased.
The market for electric vehicles in Nepal saw a major decline last year. But, the government has waived excise duties completely and impose customs duty by 10%
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30 per cent customs duty on sugar to remain in effect30 per cent customs duty on sugar to remain in effect30 per cent customs duty on sugar to remain in effect