OAG to govt: Hike customs duty on gold

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.

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Gold price down by Rs. 15,900 per tola as govt cuts customs duty

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.

Gold traders welcome government's customs duty reduction

Kathmandu, November 25 — Following the government's reduction in gold customs duties, the price of gold has dropped significantly. On Monday, the price of gold decreased by NPR 15,900 in a single day. As a result, the price of gold per tola is now NPR 151,300. With the decrease in the price of gold and silver, the stock prices held by traders across the country have also fallen accordingly. This has led to significant losses for the traders. However, gold and silver traders have welcomed the government's decision. Former president of the Federation of Nepal Gold and Silver Dealers'...

Gold traders welcome government's customs duty reduction

Kathmandu, November 25 — Following the government's reduction in gold customs duties, the price of gold has dropped significantly. On Monday, the price of gold decreased by NPR 15,900 in a single day. As a result, the price of gold per tola is now NPR 151,300. With the decrease in the price of gold and silver, the stock prices held by traders across the country have also fallen accordingly. This has led to significant losses for the traders. However, gold and silver traders have welcomed the government's decision. Former president of the Federation of Nepal Gold and Silver Dealers'...

Govt tax hike escalates gold price in domestic market

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.

Gold smugglers have a free rein | The Annapurna Express

Gold smuggling has heavily impacted Nepal’s legal gold trade. Traders pay around Rs 1.25m customs duty while im

Gold smugglers have a free rein | The Annapurna Express

Gold smuggling has heavily impacted Nepal’s legal gold trade. Traders pay around Rs 1.25m customs duty while im

OAG to govt: Hike customs duty on gold

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.

Govt raises duty on gold jewelries imported by individuals

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.