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
Nepalis abroad sent 553 billion in three months, an increase of 35.4 percent in remittances
Kathmandu. In the first three months of the current financial year, there has been an increase of 35.4 percent in remittance inflow in July and October. According to the details released by Nepal Rastra Bank, remittanc...
Karna Kumari built a concrete house by selling oranges
Myagdi. Karnakumari Purja Pun, a single woman from Beni Municipality-3, Marek, Myagdi, started the construction of a concrete house by selling last year's oranges. Karnakumari, who has reached the age of 72 years, is making a slope at her ho...
Ministry of Education said: Free MBBS for Genji injured is not against the rules
Kathmandu. The Ministry of Education, Science and Technology has clarified that the decision to give free MBBS study opportunity to Ekta Shah, who was injured during the Genji movement, is not against the law and rules. According to the rules of t...
First Quarterly Review of Monetary Policy: Increase in Overdraft and Microfinance Credit Limits
Kathmandu. Nepal Rastra Bank has increased the limit of overdraft and microfinance loans to increase the flow of credit in the banking system. Releasing the first quarter review of the monetary policy of the current fi...
NEPSE decreased by 13.88 points today, turnover limited to 3.51 billion
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 13.88 points to 2581.21. During the day, 91 lakh 67 thousand 359 shares of 332 companies were bought and sold, with a turnover of 3 billion 51 crore 59 lakh shares. Tod...
Madhesh Pradesh CEO Club members honored by National Life
Kathmandu. National Life Insurance Company Ltd. has completed the CEO Club member honoring program at Mithila Yatri in Janakpur under the chairmanship of the company's chief executive officer. In financial year 2081-82, 77 agents who qualified fro...