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
The fuel facility of certain officials and government employees has been reduced
Kathmandu. In order to control public expenditure and manage the fuel crisis, the government has decided to significantly reduce the fuel facilities provided to government employees and special officials. According to the Ministry of Finance, due...
Here is the foreign currency exchange rate for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the buying rate of one US dollar has been fixed at 151 rupees 66 paisa and the selling rate is 152 rupees 26 paisa.
...
An increase of 62.29 points in NEPSE, turnover of 4.57 billion
Kathmandu. On the second trading day of the week, the stock market NEPSE index increased by 62.29 points to 2571.34.
On NEPSE, 92 lakh 43 thousand 723 shares of 314 companies were bought and sold on this day, with a turnover of 4.57 bil...
Samling Power appoints SBI Merchant Banking as sales manager for rights issue
Kathmandu. Samling Power Company is going to issue rights shares. The company has appointed Nepal SBI Merchant Banking as the rightful share manager. The company has appointed SBI Merchant Banking as sales manager on 21st January.
The compan...
After the opening of Tatopani and Rasuwagadhi, Korlanaka's business declined
Mustang. After Tatopani and Rasuwagadhi checkpoints came into operation, the import-export trade from Nepal-China North Korlana located in Mustang has decreased. According to the Mustang Customs Office, there are currently very few cargo container...
Construction of two hydropower projects of 84 megawatt capacity in Rahughat of Myagdi has been completed
Kathmandu. Tundi Power Company has simultaneously constructed two hydropower projects on the Rahughat River that flows through Raghuganga Rural Municipality of Myagdi. Ghuganga Rural Municipality-4, 7 and 8 Ward No. 4, 7 and 8 of the two projects...