KATHMANDU, Jan 27: A total of 90,000 metric tons of wheat will be imported from India for commercial purposes. Applications for this import have been opened. The wheat will be imported under the quota allocated by the Indian government for firms and companies in Nepal.
The Department of Commerce, Supplies, and Consumer Protection has issued a notice on Monday saying that applications for import are open. The notice mentions that firms or companies interested in importing wheat should submit an application to the department within seven days, specifying the quantity of wheat, ranging from a minimum of 100 metric tons to a maximum of 10,000 metric tons.
50,000 metric tons of wheat required to address shortage
The department has stated that it will allow firms and companies to import wheat with certain conditions. The paid-up capital of the firm or company interested in importing wheat should be at least Rs 10 million. The department has set a condition that financial resources should be assured as 100 percent advance payment is required for the import to the National Co-operative Exports Ltd.
It is stated that quotas will be distributed to firms and companies, allowing them to import from 100 tons to a maximum of 10,000 tons. The department's notice states that the import must be completed within three months from the date of receipt of the quota.
