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, 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 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, 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.
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 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, 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.