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
Preparation to amend the Nepal Rastra Bank Act
Kathmandu. Nepal Rastra Bank Act 2058 is going to be amended. In order to amend and update the Nepal National Bank Act in a timely manner, the government has drafted the 'Bill to Amend the Nepal National Bank Act, 2058'.
The Ministry o...
Instruction of the Ministry of Education to refund the fees charged against the law to the students
Kathmandu. The Ministry of Education, Science and Technology has directed to refund the fees charged illegally by the institutional schools across the country to the students. The ministry has issued a statement on Wednesday asking for strict acti...
Suggestion of transport operators to levy additional charges on fuel and electric charging units
Kathmandu. The umbrella organization of transporters, the National Association of Transporters, Nepal has suggested an additional fee of Rs.
Submitting separate memorandums to Infrastructure Development Minister Sunil Lamsal and Law, Justice...
Now mortgage mortgage online
Kathmandu. Government of Nepal, Land Management and Records Department is going to make the online mortgage bond system compulsory in the land office. This step has been taken to make the service fast, convenient, and middleman-free in line with t...
What is life insurance? Why is it necessary?
© Rabindra Lamichhane (Nabin)
What is life insurance? Why is this necessary?
Life Insurance is a financial plan that provides financial security rela...
A ship carrying 30,000 metric tons of urea arrived at Calcutta port
Kathmandu. A third ship carrying 30,000 metric tons of urea fertilizer has arrived at Calcutta port in India with the aim of providing timely chemical fertilizers to the farmers of Nepal. According to the Ministry of Agriculture and Livestock Deve...