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
Kalanga Hydro's IPO will be distributed on Wednesday, how many will get shares?
Kathmandu. The IPO of Kalanga Hydro Limited will be distributed on Wednesday. Sanima Capital Limited IPO is being prepared for distribution on Wednesday morning in the company's Securities Issuance and Sales Manager. Capital informed that the dist...
What is the foreign exchange rate on Saturday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. Fixed exchange rate The buying rate of one US dollar is 148 rupees 07 paisa and the selling rate is 148 rupees 67 paisa. Similarly, the buying rate of the...
National Life Insurance's entertaining Narayani Cruise Safari Program completed
Kathmandu. National Life Insurance Company Ltd. In order to promote domestic tourism, the Narayani Cruise Safari program of 2 nights and 3 days has been completed for its agents at Hotel Seven Star located in Sourah, Chitwan.
With the slogan...
Trade in sweets, raisins and twinkling lights increased during Tihar
Dharan. With the beginning of Tihar, the streets of Dharan are not only bright with lights, but also with the efforts of traders. The hustle and bustle of the market, which starts in the morning, continues till the evening. Bikki Das of Dharan Sub...
Extensive changes in the tax system by the government through the budget: Abolition of some taxes and fees
Kathmandu. With the aim of providing relief to citizens and businessmen through the budget of the next financial year, the Government of Nepal has canceled some of the taxes and fees imposed in the past and has significantly reduced some of them....
A huge increase in the price of gold, how much is the transaction?
Kathmandu. There is a huge increase in gold in the Nepalese market on Wednesday. Compared to Tuesday, the price of Chhapawal gold increased by 14,400 rupees per tola, according to the Nepal Gold and Silver Traders Federation. Along with this, gold...