Customs officials can use the fund to purchase ‘doubtful’ goods from importers

KATHMANDU, March 21: Trade and Export Promotion Center (TEPC) has said that Nepali traders are indulging in under-invoicing at customs points while exporting hand-knotted carpet to China, raising suspicion of money laundering and tax evasion by the carpet industry.

Bentley caught under-invoicing

July 28, 2016 08:00 am

KATHMANDU, July 27: A leather wallet costs as much as Rs 4,650 at Durbarmarg-based Bentley The Leather, but the price the importer declared at customs was only Rs 64.