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.

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.

Third country import declines by 20 pc

December 13, 2020 11:25 am

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.

BIRGUNJ, Feb 10: Import of pesticide-contaminated vegetables and other food items continues unabated through the Nepal-India border in Parsa district, for slack monitoring.

BEIJING, Jan 19: China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.

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 6: Nepali medicinal herbs have been relieved from entry restriction to Indian market after the southern neighbor enlisted a large number of products in its quarantine list.

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.

BIRATNAGAR, Oct 24: The industrial units of steel, soap, color, and other products based in the eastern part of the country have considerably reduced the import of raw material.