Kathmandu, July 25 (IANS) Nepal’s exports reached a record high in fiscal year 2025-26, which ended in mid-July, but the country’s export success is becoming increasingly dependent on a narrow range of products and a single market — India. According to the annual foreign trade statistics released by the Department of Customs this week, Nepal’s merchandise exports rose 13.8 per cent to NPR 315.29 billion, a record high. However, behind that growth lies a striking concentration of both products …
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Kathmandu, May 5 (IANS) The Nepali government on Tuesday launched an online service for foreign tourists entering Nepal via land routes, allowing them to register their vehicles and pay fees digitally. The move aims to facilitate the entry of Indian tourists and other foreign visitors travelling to Nepal via India.Nepal’s Finance Minister, Swarnim Wagle, inaugurated the system introduced by the Department of Customs.With the new system in place, Indian tourists and third-country visitors enterin…
New Delhi, April 23 (IANS) The Ministry of External Affairs (MEA) said on Thursday that India is aware of reports about Nepal levying customs duty from cross-border travellers if they carry items purchased in India worth over Nepali Rupees (NPR) 100. Addressing a weekly media briefing in New Delhi on Thursday, MEA spokesperson Randhir Jaiswal said that India remains engaged with Nepal on these developments.Asked about videos circulating on social media about the new rule’s implementation by Nepa…
Kathmandu, April 18 (IANS) The Nepal government’s decision to levy customs duty on goods valued above NPR 100 brought from bordering Indian towns has drawn criticism from stakeholders in Nepal’s border areas, where nearby Indian markets have long served as a source of affordable goods. The government has strictly enforced the rule requiring customs duties on goods exceeding NPR 100 over the past few days. Although the provision was introduced several years ago, it had not been implemented du…