The government has placed silver imports under a restricted licensing regime to curb rising inflows and manage forex outflow. The move follows a sharp jump in imports after recent duty hikes on gold and silver to over 18 per cent
The Ministry of Textiles is considering reducing or eliminating customs duty on cotton imports, in consultation with agriculture and finance ministries, to ease rising costs for industry, alongside reviewing duties on key inputs and export incentive schemes for the sector
The Nepali Congress has strongly opposed the government’s recent decision to impose customs duty on goods worth more than NPR 100 imported by border residents from India. The party described the move as unjust, impractical, and harmful to low-income groups such as farmers and labourers, who rely on cheaper goods across the border for survival.
Over the years, the basic Customs Duty has been re-imposed to the extent of 7.5 percent to 10 percent, plus IGST of 12 percent plus Cess, thus immensely impacting capital expenditure and operational costs for eye hospitals and consequently the cost of care
The 16 oxygen and related equipment on which duty has been waived include oxygen concentrator along with flow meter, regulator, connectors and tubing, oxygen canister, filling systems, storage tanks, cylinders, including cryogenic cylinders and tank
The ‘stranger danger’ concept, despite the police repeatedly telling people not to trust strangers on the web, is yet to catch up, if the number of people falling prey to fraudsters on social networking sites like Facebook are any indication.
