Thursday Dec 8, 2022
Thursday Dec 8, 2022

Margins on imports to solve challenges in economy: Finance Minister


Nepalnews
2022 Mar 13, 18:40,
Newly appointed Finance Minister Janardan Sharma has assumed office today.

Finance Minister Janardhan Sharma has clarified that provision has been made for import margin to address the challenges in the economy and said that it will be replaced as soon as the situation improves. Addressing a seminar on Customs Management organized by the Customs Department here, Finance Minister Sharma also directed to reach the target by working hard even though the customs collection has been affected by the tightening of imports.

Stating that the country's economy has been in a challenging situation recently, he clarified that the government has set a margin on import of some commodities to solve it. He says margins are not forever. He said, "I am confident that the conference will play an effective role in being effective in revenue mobilization and achieving excellence in trade facilitation by facing the new challenges created by the policy to solve the problems seen in the customs office." He said that a guideline on vehicle scanning to be used in the customs office was being prepared and would be implemented soon.

 Ananda Kafle, deputy director general of the customs department, said that despite the target of Rs. According to him, the share of exports in the total foreign trade has exceeded 10 percent.

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