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
Discussion of Deuba in UML meeting, criticism of Oli
Kathmandu. CPN-UML Central Committee meeting continues from Tuesday. The central members are giving their views in the meeting. Party President KP Sharma Oli presented a political proposal on Tuesday.
Other leaders of the...
Fluctuations in the exchange rate of the dollar and the euro, the value of the currencies of the Gulf countries
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the new exchange rate announced by the Central Bank, today the buying rate of one US dollar is 152 rupees 27 paisa and the sel...
There is no shortage of gas in the market: Nigam
Kathmandu. In Nepal, the Oil Corporation has stated that there is no shortage of LP gas for cooking in the market as it has been regularly supplied. India's Barauni Refinery Center was closed for a week for repairs and it took time to supply gas f...
Gold has fallen from its highest price, while silver has hit a new record
Kathmandu. The price of gold has decreased from its highest value so far. Gold today fell by Rs 600 per tola. According to the Nepal Gold and Silver Traders Federation, today the price of gold is being bought and sold at 270,000 rupees per tola. O...
Import of petroleum products worth four billion 48 crores from Kankarbhitt
Bhadrapur. In the first quarter of the current fiscal year 2082 and 083, petroleum products worth four billion 48444568 thousand have been imported from Kankarvitta through the eastern border. Petrol, diesel, LP gas, ATF, kerosene have been import...
Nepal gave three and a half million US dollars for the reconstruction of two religious places in Myanmar
Kathmandu. The Government of Nepal has provided 350,000 US dollars to the Government of Myanmar for the reconstruction of two religious heritage sites in Myanmar that were damaged by the powerful earthquake of last March.
Ambassador of Nepal...