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FNCCI delegation meets Finance Minister

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KATHMANDU, July 23: The Federation of Nepalis Chamber of Commerce and Industry (FNCCI) has urged Finance Minister Shanker Prasad Koirala to withdraw the provision of additional tax imposed on veneer industry.



The FNCCI has also said that 140 veneer industries run in the eastern regions could be closed if additional tax was imposed on them. [break]



The FNCCI has also objected to the government decision to impose additional Rs 300 tax per kilogram in its export.



Now, the total tax for each kilogram of veneer export has been fixed Rs 700 from Rs 400.



A team of the FNCCI meeting with the Finance Minister on Tuesday also demanded to upgrade the Maheshpur Customs Point in Nawalparasi district.



In response to the concerns of FNCCI representatives, the Finance Minister said he was serious to the issue raised by industrialists regarding the revenue increment and reassessment would be done by forming a separate committee.



FNCCI President Suraj Baidhya, senior Vice-president Bhaskarraj Rajkarnikar, Vice-president Bhawani Rana, Pashupati Murarka and industrialists of Mechi zones were also present on the occasion.



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