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.
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.
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.
KATHMANDU, Jan 3: The government has enforced the Regulations of the Safeguards, Anti-Dumping and Countervailing Act, enabling the authorities to check the import of obsolete and substandard products in the local market.
BIRGUNJ, Dec 13: The volume of import to Nepal from third countries has declined by 20.41 percent. According to the latest data from the Kolkata Port in West Bengal, Haldia Port in Kolkata and the privately-managed port of Visakhapatnam in Andhra Pradesh, lately the import of container cargo has declined.
BEIJING, Dec 7: China’s exports in November rose 21.1% from a year earlier, after 11.4% growth in October, while imports grew 4.5% last month, from a 4.7% expansion in October, customs data showed on Monday.
KATHMANDU, June 10: Although the government has been reiterating its promise on adequate supply of chemical fertilizers during the rice transplantation season, the farmers this year too are likely to suffer from the perennial problem.
KATHMANDU, May 20: Import of food items has almost doubled in the last two months of nationwide lockdown. This comes at a time the local farmers are complaining to take their produce to the market due to the problem of transportation and shortage of labor.
KATHMANDU, April 4: The Ministry of Finance has asked government agencies to halt expenses in a number of activities, targeting to manage the financial resources in the priority areas due to the impact of COVID-19.
BANEPA, Jan 16: Police on Wednesday arrested two individuals and confiscated 30 sets of illegally-imported smartphones from Banepa. Those smartphones were kept on sale by the arrested, according to police.
KATHMANDU, Nov 30: Trade deficit of the country shrunk by 8.9% in the first four months of the current fiscal year – FY2019/20 to Rs 414.02 billion compared to the corresponding period of the previous fiscal year.
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.
BIRGUNJ, Aug 27: When the dry port came into operation at Sirsiya of Birgunj in the Fiscal Year 2004/05 only 85 rakes with full cargoes entered Nepal in a year. The import rate of bulk cargo and bag cargo was zero. After one and a half decades of its operation, over 100 rakes enter Nepal every month.
KATHMANDU, Aug 21: In a major agreement that is expected to ease the import and export of various food items between the two countries, Nepal and India have agreed to recognize each other’s inspection, testing and certification of a number of exportable goods such as vegetables and fruits conducted by their relevant bodies.
LONDON/BEIJING, Aug 15: China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
KATHMANDU, July 28: Despite widespread criticism from academics, intellectuals, publishers, sellers, and ordinary citizens, the government seems to be obstinate toward imposing 10% customs duty on the import of books.
KATHMANDU, July 22: South Korean companies have shown interest in importing glacial spring water from Nepal. However, due to lack of government policy, it may not happen immediately. The government has not set criteria for export of water, whether naturally occurring or processed, due to which exports may take some time.
KATHMANDU, July 10: The Supreme Court on Wednesday stayed the government's recent decision to put on hold its previous decision to carry out pesticide testing for vegetables and fruits imported from India.
KATHMANDU, July 8: Minister for Industry, Commerce and Supplies Matrika Prasad Yadav on Monday admitted that the government backtracked on its decision to conduct pesticide residue tests on fruits and vegetables imported from India and third countries due to lack of modern labs at the customs points.
KATHMANDU, June 9: For the first time, 10 percent customs duty is being levied on all types of books imported from India. The students will be directly hit with this provision coming into effect from coming July 17 as stipulated in the budget statement for the fiscal year 2019/20.
BANKE, May 11: Rice worth over Rs 5 billion was imported via Nepalgunj checkpoint till April 13 of the current fiscal year. A total of 97,732 metric tonnes of rice was imported till April 13 from the beginning of the current fiscal year.
KATHMANDU, April 30: Though Prime Minister KP Sharma Oli had said that he was ‘tricked’ by sugar mills to restrict the import of sugar, the government has continued the quantitative restriction until mid-July. The restriction that was in place until Chaitra end (April 13) was extended till mid-July.
PARBAT, March 22: Import of chickens has been stopped to four districts - Parbat, Baglung, Myagdi and Mustang - following detection of bird flu in neighbouring districts including Kaski, Chitwan and Makawanpur.
KATHMANDU, Dec 28: Nepal's trade deficit widened by 36.11 percent to Rs 569.49 billion in the first five months of the current fiscal year 2018/19 compared to same period of the last fiscal year 2017/18 as exports growth fail to catch up the rapidly surging imports bill.
KATHMANDU, Oct 26: The total trade deficit of the country has widened 45.92 percent in the first quarter of the current fiscal year 2018/19 to Rs 349.84 billion, driven by a sharp rise of import bill and sluggish exports growth.