Nepal: Sugar price to fall as government reduces customs duty
Published 2023년 5월 30일
Tridge summary
The government of Nepal has announced a reduction in the customs duty on sugar and jaggery, lowering it from 40% to 30% effective from the start of the new fiscal year, 2023/24. This move is anticipated to allow for the import of Indian sugar at a lower cost. The customs duty on these goods, including sugar cubes, has been reduced by 10%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
KATHMANDU, May 30: The government has reduced the customs duty on sugar and jaggery. In the budget for the upcoming fiscal year 2023/24 released by the government on Monday, the customs duty on sugar will be reduced from 40 percent to 30 percent starting new FY 2023/24. The government's decision to reduce taxes paved the way for traders to import Indian sugar into the Nepali ...
Source: Nagariknetwork
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