As per the directives of Ministry of Commerce and Supplies (MoCS), which has designated FNCCI as the CoO issuing authority for Nepali exporters, FNCCI was supposed to transfer some 10.83 percent of the CoO revenue to the CNI. [break]
Currently, the government has allowed FNCCI to charge 12 paisa per Rs 100 worth of exports from the trader for issuing the certificate of origin. Of that revenue, it has asked FNCCI to distribute the revenue, keeping 2.5 paisa to itself and 1.3 paisa to CNI.
“Despite the arrangement, FNCCI has continued to deny us our due share of revenue,” said Binod Chaudhary, president of CNI, adding that it has affected CNI in running industrial and exports promotion programs.
CNI officials, at an interaction with top MoCS officials, on Tuesday charged foul play on the part of FNCCI and demanded the ministry to intervene into the case to do justice to CNI and uphold its own directives.
“If the government can´t enforce its own directives, we demand the MoCS to set up a separate and independent institution for issuing CoO,” Chaudhary said.
He also said though the largest and medium scale industries and exporters in the country were CNI members, they are compelled to seek FNCCI´s membership because of the need to lay down to FNCCI terms to get CoO.
“This has sharply squeezed the share of contribution CNI members make in trade and economy and forced us to satisfy with low revenue share. We want this unfair treatment to end,” Chaudhary said.
Narendra Basnyat, vice president of CNI, urged MoCS to treat CNI on par with FNCCI on revenue sharing.
Responding to CNI´s demands, Minister for Commerce and Supplies Rajendra Mahato asked CNI officials to furnish the proof that it as an organization has majority of leading exporters. He also directed CNI and FNCCI to end their stalemate and strictly adhere with the directives.
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