Nepal government will import 20,000 tons of sugar at 15% tariff discount

Published 2023년 9월 15일

Tridge summary

The Nepalese government has decided to import 20,000 tons of sugar at a 15% tariff in preparation for upcoming festivals. The Ministry of Finance will provide a tariff discount, allowing for duty-free import of 10,000 tons each for the Food Management and Trading Corporation and the Salt Trading Corporation. The decision was made to address market price fluctuations, as there is currently sufficient sugar in the Nepalese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"Republic" reported on September 13: The Nepalese government has decided to import 20,000 tons of sugar at a 15% tariff to prepare for the upcoming major festivals. According to the proposal of the Ministry of Industry, Commerce and Supply, the Ministry of Finance (MoF) is 20,000 A 15% tariff discount is provided for the import of tons of sugar, which was previously levied at about 30%. Ministry of Finance spokesperson Dhani Ram Sharma said the decision will allow the Food Management and Trading Corporation and the Salt Trading Corporation to import 10,000 tons of sugar duty-free each. The Ministry of Finance clarified that there is ...

Source: Foodmate