Abolition of excise duty on 360 items, huge increase in alcohol, junk food and energy drinks
-
Media Baaji
- Sat, 30 May 2026
Kathmandu. The government has made extensive changes in various tax rates through the Economic Bill 2083. Presenting the budget for the next fiscal year 2083, 84, Finance Minister Swarnim Wagle informed that the excise duty levied on 360 different items has been completely abolished.
Although the government has removed excise duty on many items with the aim of providing relief to the common people, it has increased the excise duty rates on items that affect health and the environment such as alcohol, tobacco, junk food, dyes and juices. According to the new economic bill, the tax structure of daily consumption and other food items has been changed. According to which, the excise duty of gud, sakhkhar and bheli has been increased from 138 rupees to 140 rupees and the excise duty of sugarcane has been increased from 100 rupees to 115 rupees per quintal.
Express
Related News
Have you seen the IPO results of Salpa Bikas Bank?
Kathmandu. Salpa Development Bank Limited has distributed the IPO issued to the general public. The company had opened the IPO sale of a total of 14 lakh 39 thousand 179 shares to the general public.
The IPO was distributed through the Gola...
Are you exchanging foreign currency? View today's exchange rate (with list)
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the Central Bank, today the buying rate of one US dollar is 144 rupees 63 paisa and the selling rate is 145 rupees 23 paisa. The buying rate...
Shangrila Development Bank declares 10 percent dividend
Kathmandu. The meeting of the board of directors of Sangrila Development Bank Limited held on the afternoon of 28th October has announced the dividend to the shareholders.
The meeting has announced that 5% bonus s...
Enthusiasm in real estate business, revenue collection of 4.84 billion in the month of November alone
Kathmandu. With the opening of lots, enthusiasm has been seen in the real estate business in the month of November. According to the Department of Land Management and Records, a revenue of 4.84 billion 81 million rupees was collected from real est...
As the US dollar appreciates so does the exchange rate of other foreign currencies
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the value of the US dollar has increased. For today, the buying rate of one US dollar is 149 rupees 11 paisa and the...
How much is the foreign currency exchange rate on Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 143 rupees 50 paisa and the selling rate is 144 rupees 10 paisa. Similarly,...