Govt raises Rs 3.75 billion in customs duty from gold import in 8 months of current FY
KATHMANDU, March 17: The government collected revenue worth Rs 3.75 billion alone from the duty on gold import during mid-July 2021 and mid-March 2022.
KATHMANDU, June 2: At a time when the price of gold in the domestic market has been soaring due to international reasons, the increased customs duty imposed by the government has further affected the bullion price in Nepal.
KATHMANDU, June 2: At a time when the price of gold in the domestic market has been soaring due to international reasons, the increased customs duty imposed by the government has further affected the bullion price in Nepal.
The budget announced on Tuesday has increased the customs duty on the precious metal by five percent, which may push the price to a record Rs150,000 a tola.
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.
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.
KATHMANDU, June 1: The government turns flexible on the quota of imported gold by individuals while raising the rate of customs duty on the imported gold jewelry beyond the prescribed limits.