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
Jan Utthan Laguvitta will not distribute dividends this year as well
Kathmandu. Jan Utthan Community Small Finance Financial Institution Limited will not distribute dividends to the shareholders from the profit of the last financial year. The meeting of the microfinance board of directors held on 26th January decid...
NEPSE fell by 27.59 points, trading fell to 6.69 billion
Kathmandu. On the first trading day of the week, the NEPSE index decreased by 27.59 points and remained at the point of 2614.55. During the day, 1 crore 59 lakh 89 thousand 430 shares of 324 companies were bought and sold, and 6 billion 69 crore 9...
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Thursday. According to the fixed exchange rate, the buying rate of one US dollar is 144 rupees 83 paisa and the selling rate is 145 rupees 43 paisa. Similarly, the...
New rules in NEPSE from Monday, share prices fell by 15 percent in one day
Kathmandu. Now the share price can decrease up to 15 percent in one day. NEPSE is about to implement this new regulation after the approval of the 'Securities Business Operation Fourth Amendment Regulation, 2082' from the Nepal Securities Board.
Petrol and diesel prices fell, while cooking gas became more expensive
Kathmandu. Nepal Oil Corporation has reduced the price of petrol and diesel by adjusting the price of petroleum products according to the automatic system. The meeting of the board of directors of the corporation has fixed the new price to be effe...
Public transport fares increased
Kathmandu. Public transport fares have increased. After the ministerial decision of Physical Infrastructure and Transport Minister Sunil Lamsal, the Transport Management Department has increased the fare. After the recent increase in the price of...