KATHMANDU, August 27: Ministry of Industry, Commerce and Supplies (MoICS) will continue to ban the import of luxury goods. A high-level meeting held at the MoICS on Friday to review the ban of various luxury items decided to maintain the import ban for some more time.

KATHMANDU, August 21: The government is importing 50,000 tons of sugar for the approaching Dashain and Tihar festivals to preempt any possible shortage of the sweetener during the festivals.

KATHMANDU, Aug 20: Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves, the government said in a notice seen by Reuters on Friday.

ILAM, August 16: China has indicated that it will import Nepali tea at a time when efforts are being made to enact a law to stop its import in India. The Government of Nepal, through the Chinese Embassy in Kathmandu, had been requesting China to import Nepali tea.

KATHMANDU, August 12: The import of electric vehicles increased by more than 600 percent after the government reduced the excise duty and customs duty on electric vehicles in the last fiscal year - 2021/22. In the FY 2020/21, after the former Finance Minister Yuba Raj Khatiwada imposed excessive tax on electric vehicles, the import of electric vehicles had decreased.

KATHMANDU, August 4: Following the government’s decision to restrict the selling of wood products produced from forests, the import of furniture and wood has skyrocketed in the country. While there is a shortage of dollar reserves in the country, about Rs 18 billion went out of the country in the fiscal year 2021/22 alone due to the increase in the import of wood, furniture, and furnishing materials. On the other hand, wood materials produced from the forests of Nepal are decaying.

KATHMANDU, Aug 1: Nepal imported 5,578 kg of gold in the fiscal year 2021/22, which gave the government a revenue of Rs 4.40 billion.

KATHMANDU, July 25: Nepal imported goods from 164 countries during the fiscal year 2078/79 BS (2021/22).

KATHMANDU, July 23: In 11 months of the fiscal year 2021/22, import of goods and services increased to Rs 185 billion 840 million with a whopping rise by 53.3 percent.

JHAPA, July 5: The import of agricultural products has exceeded the export from the Kakarbhitta Customs Office. In the last 11 months of the current fiscal year, agricultural products worth Rs 8.67 billion were imported from this customs office.

KATHMANDU, July 1: Government statistics for the last one decade indicate the country's rising dependency on rice. In fiscal year 2012-13, rice worth Rs 20 billion was imported in the country and the figure rose by 150 percent to Rs 50 billion in the first eleven months of the current fiscal.

We are not sacrosanct to global events and sustain some forms of impact because Nepal heavily depends on imports of basic food items. It is difficult to foresee how Nepal will navigate through this at the end of the economic tunnel of the projected high growth and join the club with other middle-income countries like China, Bangladesh and Vietnam, for example.

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.

KATHMANDU, May 21: Failure to get chemical fertilizers on time even after the onset of the monsoon season is one of the biggest concerns of farmers in the country.

KATHMANDU, May 20: The Ministry of Finance (MoF) has started sorting out the list of raw materials, semi- finished and final goods in a particular type of product in order to revise the import duty based on the nature of the imported goods.

KATHMANDU, May 3: The private sector has urged the government to raise the duty on imported agricultural goods to protect the locally-produced farm products.

KATHMANDU, April 27: Nepal Electricity Authority (NEA) is starting a scheduled loadshedding to big industries from Wednesday citing reduced import of electricity from India.

KATHMANDU, April 25: Although agriculture has been a major sector of the country's economy as the main source of livelihood, employment and economic and social transformation, it has been found that the country has been importing huge quantities of agricultural goods.

KATHMANDU, April 22: The country has witnessed an increase in its exports by 69.44 percent in the last nine months of the current fiscal year 2021/22, compared to corresponding period of the last fiscal year 2020/21.

KATHMANDU, April 17: Bullion traders on Sunday urged the government to arrange alternative means to supply raw gold and silver to the domestic market as the government has imposed a restriction on the import of the precious metals.

KATHMANDU, April 10: The commercial banks in the country have agreed not to open the letter of credit (LC) for the import of non-essential goods, in line with the instruction issued by Nepal Rastra Bank (NRB) last week.

KATHMANDU, April 2: India has agreed to maintain a ceiling of Rs 19.20 (INR 12) per unit on electricity to be imported by Nepal at a time when the landlocked country has been paying up to Rs 38 per unit to India.

SINDHUPALCHOWK, March 24: A total of 232 metric tonnes of urea fertilizer has been imported from China through the Tatopani transit, said the Tatopani Customs Office. This import is expected to give relief to farmers who have been reeling under shortage of fertilizers.

KATHMANDU, March 19: Fruits of various kinds worth Rs 6.6 billion have been imported in the first seven months of the current fiscal year 2021/22, according to the Department of Customs.

KATHMANDU, March 17: Nepal imported colored powder worth Rs 1.96 billion during the first seven months of the current fiscal year, which was Rs 205.42 million more than the amount spent during the same period last year.

RASUWA, March 17: Import of Chinese goods entering Nepal through the Rasuwagadhi transit point has increased. As per the agreement reached between the border officials of Rasuwa and Jilung Province in Kerung a few days ago, the volume of goods import has started increasing.

KATHMANDU, March 13: Finance Minister Janardan Sharma has said that provisions have been made for the import margin to solve the challenges seen in the economy.

KATHMANDU, Feb 24: Nepal imported petroleum products worth Rs 182.02 billion in the first seven months of the current fiscal year, which was Rs 51 billion more than the country’s earnings from its total export in the period.

KATHMANDU, Feb 22: Nepal spent Rs 343.82 billion more money to import foreign goods during the first seven months of the current fiscal year, compared to the same period of the previous year.

KATHMANDU, Feb 21: The export of electricity has increased while its import has decreased in the first six months of the current fiscal year 2021/22.

BIRGUNJ, Feb 14: The import of petroleum products via Birgunj transit, the country’s major transit point,  has significantly increased this year as compared to the previous year.

KATHMANDU, Feb 6: Import of red rose targeted for upcoming Valentine Day is likely to surge this year with a fall in domestic production.

Illegal goods worth Rs 15 million seized

December 27, 2021 09:35 am

BIRGUNJ, Dec 27: The District Police Office, Parsa has confiscated unlawfully-imported goods worth Rs 15 million in over a month and handed over to the Customs Office and Revenue Investigation Office, Pathalaiya.

KATHMANDU, Dec 7: Nepal Electricity Authority (NEA) has started importing 70 MW of electricity daily from India. The NEA has started importing power from India after the domestic electricity could not meet the demand of peak hours due to declining production of Nepal's hydropower projects.

KATHMANDU, Nov 30: The government has asked an individual returning from foreign visits not to bring in gold jewelry, alcoholic beverages, mobile phones and laptops beyond the limits prescribed by the law.

KATHMANDU, Nov 22: Agriculture Inputs Company Limited (AICL) is importing 25,000 tons of chemical fertilizer from China.

KATHMANDU, Nov 18: Despite the abundant potential for coffee cultivation in Nepal, production of this valuable seed has not increased. Although there is a high demand for this product in Nepal, the cultivation of coffee has not flourished much.

RASUWA, Oct 28: Electric microbuses have been imported via Nepal's northern border checkpoint, Rasuwagadhi. A total of 22 microbuses were imported on Wednesday evening. Entrepreneurs from the private sector imported electric vehicles focusing on the urban area. Each microbus is a 12-seater.

KATHMANDU, OCT 15: The government has raised the customs duty on the import of silver by 25.88 percent to check the suspected smuggling of this precious metal to India.

KATHMANDU, Oct 10: Nepal’s import expense on silver surged multifolds in the first two months of the current fiscal year.

KATHMANDU, Sept 26: More than 1,000 trucks loaded with Dashain-targeted goods have been stuck at the Nepal-China border points due to the strict measures enforced by the Chinese authorities.

KATHMANDU, July 1: A consignment of 45,000 metric tonnes of urea that Nepal had purchased from Bangladesh has arrived in the country.

KATHMANDU, April 25: The government is mulling over reducing the customs duty on the import of 20,000 units of oxygen gas cylinders, citing the possible shortage of the oxygen carrying vessels in wake of the rising COVID-19 cases.

RASUWA, April 12: The import of electromechanical equipment meant for the Upper Sanjen Hydroelectric Project, which is under construction in Rasuwa, has resumed after several months.

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, Feb 25: Onion price that had remained stable for the past two months has started to rise again in the domestic market amid soaring price of the agricultural product in India, the main import source country for Nepal.

Nepal collects revenue of Rs 5 billion annually from import and export of Rs 20-25 billion worth goods though Tatopani border point.

KATHMANDU, Jan 24: While the COVID-19 pandemic is affecting businesses, the government's decision to increase excise duty and customs duty on electric vehicles has had a direct impact on their import.

KATHMANDU, Jan 10: The Nepal Electricity Authority (NEA) has received permission to import additional 15 MW of electricity from Tanakpur point of India. The Central Electricity Authority of India (CEA) on Friday gave permission to the NEA to bring additional electricity from Tanakpur. The NEA is currently importing up to 70 MW electricity from Tanakpur.

KATHMANDU, Jan 8: The Nepal Oil Corporation (NOC) has imported 100 million liters (100,000 kiloliters) diesel in a single month. After the operation of Motihari-Amlekhgunj oil pipeline, the corporation imported 100 million liters of diesel from Indian Oil Corporation (IOC) in December alone.