Govt says import ban lifted, awaits RBI gazette

'Dateline' of import ban till Friday, what will happen now?

4 December, Kathmandu. Although the government has decided to lift the import ban, it has been observed that the import ban remains in place due to the failure of the commerce ministry to coordinate. On October 28, the government extended the ban on four types of goods till the end of November. However, even though … Read more

Traders took to the streets to demand ease of imports, the nation bank will not take a flexible stand

Traders took to the streets to demand ease of imports, the nation bank will not take a flexible stand

22 November, Kathmandu. Vehicle dealers led by Nada Automobiles Association of Nepal on Thursday staged a sit-in at Maitighar Mandla and demanded that cash margin be kept on removal of opening letter of credit (LC) for imports, 80 per cent financing facility be given. Government buyers should be given, bank interest rates of auto loans … Read more

Import of luxury goods opened, relief or pressure on the economy?

Import of luxury goods opened, relief or pressure on the economy?

21 November, Kathmandu. After about 8 and a half months, the government has decided not to continue the ban on the import of luxury goods. In the cabinet meeting held on Tuesday, it was decided not to continue the import ban on high-end vehicles, mobile phones, liquor and motorcycles after the end of November. Keeping … Read more

The government has come to the conclusion that the import ban will not be extended after the revenue shortfall.

'Dateline' of import ban till Friday, what will happen now?

18 November, Kathmandu. The government will not extend the import ban on four luxury items after eight and a half months. Sources in the Prime Minister’s Office and the Council of Ministers said the government has come to the conclusion that the import ban on high-end vehicles, mobile phones, liquor and motorcycles will not continue … Read more

Why was the ban on import of cars, motorcycles, phones and liquor not lifted during Dashain?

Why was the ban on import of cars, motorcycles, phones and liquor not lifted during Dashain?

August 14, Kathmandu. The government lifted the import ban on six types of goods from Tuesday after a five-month-long ban. While the ban on crisps, diamonds, all kinds of toys, tassels, cigarettes and tobacco products and TVs above 32 inches was lifted, the import ban on the four major types of luxury goods remained. The … Read more

Commerce Ministry’s decision to increase import restrictions on 10 items

Commerce Ministry's decision to increase import restrictions on 10 items

August 9, Kathmandu. The Ministry of Industry, Commerce and Supplies will continue to ban the import of luxury goods. High level sources in the ministry said that in the high level meeting held in the ministry to review the ban, it was decided to maintain the import ban for some more time. A highly placed … Read more

Himal Sanchar