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
Improvement in both import and export in the three months of the current year, trade deficit increased by 12.2 percent
Kathmandu. Imports and exports have increased in the first three months of the current financial year. According to the data published by Nepal Rastra Bank, compared to the same period of the last financial year, expor...
Starting today, financial calculations are being conducted across the country
Kathmandu. From today, the second financial calculation is being conducted across the country. According to the National Statistics Office, the enumerators and necessary supervisors have reached the relevant areas all over the country. According t...
IPO sale of Bhujung Hydropower is open, how many shares can be filled?
Kathmandu. Bhujung Hydropower Limited has opened the IPO sale for the public from January 12 today. The company has issued the IPO and distributed it to local residents affected by the project and Nepalese who have gone abroad for employment, and...
What is the exchange rate of which foreign currency on Friday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one American dollar is 146 rupees 32 paisa and the selling rate is 146 rupees 92 paisa.
<...
The economic growth rate of the current fiscal year is expected to be limited to three and a half percent
Kathmandu. The government has predicted that the country's economic growth will be limited to 3.5 percent. This projection has been made in the half-yearly review of the current financial year's budget. The annual growth rate of the current year's...
IPO of Super Khudi Hydro worth 1 lakh 28 thousand is open from February 5
Kathmandu. Super Khudi Hydropower Limited is going to issue an IPO for the general public from Monday 5th February to Sunday 10th February. Earlier, it was said that the issue would be opened from February 4th, but the said date has been shifted o...