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All customs check point and offices for revenue collection administered by government of Nepal, ministry of finance, kathmandu. The Department of Customs of Nepal is an administration of Government of Nepal under the Ministry of Finance which collects customs duty, Value Added Tax, excise and other taxes at the border points and international airport.
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
3 July – The Communist Party of Nepal (Unified Marxist-Leninist) withdraws from Prime Minister Pushpa Kamal Dahal's governing coalition after entering into a coalition agreement with the Nepali Congress. [8] 7 July – At least 11 people are killed and eight others are missing due to heavy rainfall causing flash floods and landslides across ...
The Third Round, entering into force on 1 September 2006, led to tariff concessions on more than 4,000 items. The Fourth Round, launched in October 2007, was scheduled to be concluded by the Third Ministerial Council in October 2009. This Round aims to widen the coverage of preferences to at least 50 per cent of the number of tariff lines of each
2024; 2023; 2022; 2025 in ... 7 January – A magnitude 7.1 earthquake hits Tibet, injuring at least 13 people across Nepal. [1] 15 January ... 2025 in Nepal.
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Tariff engineering refers to design and manufacturing decisions made primarily so that the manufactured good is classified at a lower rate for tariffs than it would have been absent those decisions. [1] It is a loophole whereby an importer pays a lower tariff by changing the intended import such that the importer has a lesser tariff burden. [2]
Ministry of Finance (Nepali: अर्थ मन्त्रालय) is the central authority of Government of Nepal charged with the responsibilities for maintaining both micro and macro economic stability in the country. The position of finance minister in Nepal has been held by Barsaman Pun since 6 March 2024. [1]