Tridge summary
The total tax rate on imported sugar in Nepal is currently around 47%, consisting of a 30% tariff and 13% VAT. The retail price of sugar in Nepal varies between 102.5 rupees and 120 rupees per kilogram. Should the tariff be lowered from 30% to 15%, the cost would decrease by 13 rupees per kilogram, potentially leading to a selling price of 99 rupees per kilogram under the tariff exemption policy. Despite this, sugar prices in Nepal remain higher than in neighboring India, where the price ranges from 31 rupees to 37 rupees per kilogram.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The total tax rate of imported sugar in Nepal is about 47%, including 30% tariff and 13% VAT. The current market price of sugar fluctuates between 102.5 rupees and 120 rupees per kilogram. The reduction of tariff from 30% to 15% will reduce the cost of sugar by 13 rupees per kilogram. Traders said that under the tariff exemption policy, they are willing to sell sugar at 99 rupees per kilogram. However, compared with the sugar price in neighboring India, the local price in Nepal is still high. The ...
Source: Foodmate
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