KATHMANDU, Aug 24: A total of 381 electric vehicles were imported in the month of Shrawan (mid-July to mid-August) alone.

KATHAMNDU, Aug 24: Import of digital gadgets is soaring lately in Nepal.

KATHMANDU, Aug 24: The economic slowdown seen over the past two fiscal years has persisted into mid-July of the current Fiscal Year 2024/25. In the import-dependent Nepali economy, both imports and exports in Shrawan (mid-July to mid-August) have decreased compared to the previous year.

KATHMANDU, July 30: Nepal imported gold worth Rs 23.5 billion in the last fiscal year. According to the Department of Customs (DoC), the country imported 1,600 kg of gold during the fiscal year 2023/24.

KATHMANDU, July 27: Nepal spent Rs 31.5 billion on importing smartphones, headphones, and mobile chargers in the Fiscal Year (FY) 2023/24.

KATHMANDU, July 25: Nepal’s import bill on petroleum products declined by Rs 11.07 billion in the last fiscal year despite an increase in import volume of fossil fuels.

KATHMANDU, July 23: Nepal imported more than 11,000 electric vehicles (EVs) in the last one year. According to the Department of Customs, the country imported 11,701 EVs in the fiscal year 2023/24.

KATHMANDU, July 23: Nepal’s total trade volume in Fiscal Year 2023/24 declined 1.33 percent compared to the previous fiscal year due to the economic slowdown that grappled the country throughout the period.

KATHMANDU, June 24: Nepal's trade deficit has soared to Rs 1.3 trillion, largely due to heavy reliance on foreign imports, even for goods that could be produced domestically. In the 11 months of the current fiscal year, imports amounted to Rs 1.454 trillion, while exports stood at only Rs 139.26 billion. This imbalance has resulted in a staggering trade deficit of Rs 1.315 trillion.

KATHMANDU, May 21: Nepal’s total foreign trade declined Rs 36.69 billion in the first 10 months of the current fiscal year.

KATHMANDU, April 21: Nepal posted a pathetic performance in its foreign trade as of the third quarter of the current fiscal year, with imports recording Rs 137 billion in the past one month compared to total exports earnings of only Rs 113.94 billion in the entire nine months.

KATHMANDU, March 19: Nepal has witnessed a notable decline in the import of electric cars, jeeps, and vans, signaling a break in the growing trend.

KATHMANDU, March 6: Six aircraft and four helicopters have been grounded due to a dispute over the customs duty on spare parts. Almost two months ago, the aircraft were grounded due to an unresolved dispute between the Department of Customs (DoC) and the airline operator regarding the customs duty on the imported spare parts.

KATHMANDU, Jan 22: Nepal’s earnings from exports stood only one-tenth of its import expenses in the first half of the current fiscal year.

While export earnings declined 7.23 percent, import expenses fell 3.09 percent in the first half of the current fiscal year compared to the same period of last year. In the review period, Nepal had a trade deficit of Rs 424.44 billion alone with India.

KATHMANDU, Dec 26: Nepal has imported smartphones worth around Rs 13.6 billion in the first five months of the current Fiscal Year (FY). The Department of Customs (DoC) has unveiled data revealing that smartphones worth Rs 13.6 billion were imported into Nepal in the first five months of the fiscal year 2023/24.

KATHMANDU, Dec 24: In the five months of the current fiscal year (FY), Nepal has imported 1,201 kg of gold worth Rs 9.97 billion. According to the import statistics from mid-July to mid-December published by the Department of Customs (DoC), the import of gold this year has decreased compared to the same period last year.

KATHMANDU, Nov 24:  Nepal’s trade deficit in the first four months of the current Fiscal Year (FY) 2023/24 has surpassed Rs 460 billion.

In the wake of recent revelations from the Department of Customs (DoC), the alarm bells for our economy are ringing louder than ever. The government's ambitious revenue target of Rs 52.24 billion from foreign trade during mid-October and mid-November fell painfully short, with only Rs 27.56 billion making its way into the coffers.

KATHMANDU, Nov 20: Nepal imported a total of 2,132 four-wheeler electric vehicles (EVs) worth Rs 5 billion in the first three months of the current fiscal year (FY 2023/24).

KATHMANDU, Oct 31: The Department of Customs (DoC) has initiated stricter measures to prevent revenue leakage, along with new leadership. The DoC has put forward the policy of adopting zero tolerance on revenue leakage.

KATHMANDU, Oct 29: Imports have increased in the third month of the current financial year (FY). According to the data released by the Department of Customs on Sunday, imports have increased by 1.69 percent compared to the same period of the previous year.

The government’s revenue collection target in the first two months of the current fiscal year fell short of the target by 18 percent. The Inland Revenue Department (IRD) and the Department of Customs (DoC) set a target of revenue collection of Rs 165.88 billion for the period between mid-July and mid-September.

KATHMANDU, July 26 : Nepal imported 4,050 units of electric cars worth Rs 11.84 billion in the last fiscal year.

KATHMANDU, July 22: The Department of Customs has taken further action in response to the seizure of over 100 kg of gold that managed to pass inspection at the Tribhuvan International Airport Customs.

KATHMANDU, May 25: Gautam Buddha International Airport (GBIA) located in Bhairahawa, Nepal's second international airport, is seen to be weak in customs duty collection. Due to the lack of regular flights from this airport, which was put into operation a year ago, the collection of customs duties has been weak.

KATHMANDU, May 24: The country's trade deficit in the first 10 months of th4e current fiscal year stands at Rs 1.2 trillion.

KATHMANDU, May 24: Almost 3,000 electric vehicles have been imported during the first 10 months of the current fiscal year. According to the Department of Customs, 2,955 four-wheeled electric vehicles worth about Rs 8.5 billion were imported during the period from last mid-July to mid-May.

KATHMANDU, May 22: Foreign trade of the country has decreased by about Rs 311 billion compared to the last fiscal year. According to the Department of Customs, in the 10 months of the current fiscal year (up to April), trade has decreased by Rs 311 billion this year due to a decline in imports and exports. Total foreign trade has decreased by 17.54 percent compared to the corresponding period of last FY.

KATHMANDU, March 23: During the first eight months of the current Fiscal Year 2022/23, Nepal has imported goods worth one trillion rupees. According to the data of the Department of Customs, goods worth over 1 billion were exported, while the country imported goods worth Rs 1.38 trillion during the period.

KATHMANDU, June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 percent more than the same period of the last fiscal year, according to the Department of Customs.

KATHMANDU, March 22: Imports have risen as economic activities, which slowed down due to COVID-19, have resumed in the country. The import has increased as the consumption has increased in the country.

KATHMANDU, Jan 26: The government has launched ‘Nepal National Single Window System’ that integrates the Department of Customs (DoC) with various government agencies that work as oversight bodies of the government and private sector associated with foreign trade.

KATHMANDU, Nov 13: The Department of Customs has put liquors seized from Tribhuvan International Airport up for auction.

KATHMANDU, Nov 2: Nepal’s trade deficit in the first three months of the current fiscal year declined by an impressive 12 percent, giving the country some respite from the ever-worsening balance of trade over the past several years.

KATHMANDU, June 15: In a recent statistics released by the Department of Customs (DoC) based on data from 23 major ports of Nepal, trade deficit of the country has risen to Rs 1,099.6 billion in the first 10 months of the current Fiscal Year 2018/19.