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
Election expenses should be paid through a separate bank account
Kathmandu. Candidates have to transact through a separate bank account to keep the details of the expenses of the by-election correct. Nepal Rastra Bank has instructed banks and financial institutions to make arrangements for opening bank accounts...
A modest increase in NEPSE, turnover above 11.49 billion
Kathmandu. On the third trading day of the week, the NEPSE index increased by 5.38 points to 2731.89. During the day, 236 million 18 thousand 186 shares of 334 companies were bought and sold, amounting to 11 billion 49 million 39 million shares. T...
The government is issuing 10 billion 9-year 'Development Bond 2091'
Kathmandu. The government is going to issue development bonds worth 10 billion rupees. The Public Debt Management Office under the Ministry of Finance is going to sell 9-year bonds named 'Development Bond 2091'.
The office issued a not...
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,...
What is the foreign currency exchange rate on Friday?
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 140 rupees 25 paisa and the selliang rate is 14...
The government does not listen to the warning of IT professionals that the digital economy will be lost
Kathmandu. Professionals in the information technology and software services sector have requested the government to give high priority to the IT industry through the budget of the next financial year 2083 and 84.
The pre-budget recommendati...