Nepal Rastra Bank has removed the provision of cash margin for the import of some luxury items and the government has also lifted the ban on all items previously restricted for import. It would contribute to the revenue collection to some extent.

KATHMANDU, Jan 22: The decision to remove the mandatory cash margin on imports has been welcomed by industrialists and businessmen. After the pressure on foreign currency reserves, the government had arranged mandatory cash margins for imports since last year. The private sector had been opposing the provision for a cash margin of 50 to 100 percent while opening letters of credit (LCs) for imports.

KATHMANDU, Dec 3: Nepal Rastra Bank (NRB) has removed the mandatory cash margin provision on imports of a number of construction materials while opening letter of credit (LC) by importers.

KATHMANDU, June 9: Nepal Rastra Bank (NRB) has extended the provision of a mandatory 100 percent cash margin on the import of betel nut, pea and peppercorns, effective from Thursday.

KATHMANDU, Feb 11: Nepal Rastra Bank (NRB), has asked importers to deposit hard cash in advance to import additional goods that fall in the list of additional 27 harmonic codes.