The government has given continuity to the ban imposed on the import of 10 different goods with effect from Sunday (July 17, 2022).
At the proposal of the Ministry of Industry, Commerce and Supplies, the government has decided to extend the ban on the import of 10 different items effective from April 26 till August 30, 2022 with some modifications.
The government had decided to continue the ban on the import of 10 different types of goods to Nepal after the country’s trade deficit increased at a high rate and the foreign exchange reserves continued to diminish.
According to a notice published in the Nepal Gazette by the Ministry of Industry, Commerce and Supplies, import of luxury consumer goods to Nepal has been stopped.
The government has banned the import of all kinds of ready-made liquor except raw materials, vehicles (jeeps, cars and vans except ambulances and hearses) and motorcycles with a capacity of more than 150cc.
Earlier, the government had banned the import of motorcycles with a capacity of more than 250cc. But now, the government had modified the decision and imposed ban on import of motorcycles with a capacity of more than 150cc.
Similarly, the import of diamonds except industrial raw materials, smart phones and mobiles priced more than USD 300, colour televisions over 32 inches, cigarettes and tobacco products except industrial raw materials, all kinds of playing cards, toys and kurkure, kurmure, lays and similar products have been banned.
Due to the escalating imports, the government has completely tightened the import of luxury consumer goods by publishing the information in the Gazette itself.
According to the Ministry, the import of these goods has been banned till August 30, this year.
According to the notice, the diplomatic missions in Nepal will not be barred from importing the banned items for their own use.
The Ministry also said that this provision will not be applicable in the case of motorcycles between 150 to 250cc and mobile sets priced between USD 300 to USD 600 who have completed the process of importing from the banking channel prior to July 17.
Source : TRN,