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
These are the foreign currency exchange rates fixed for Monday
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Monday. According to the determined exchange rate, the buying rate of one US dollar is 145 rupees 28 paisa and the selling rate is 145 rupees 88 paisa. Sim...
More than 2.7 million smart licenses were sent to the offices for distribution
Kathmandu. The Transport Management Department has completed the printing of driver's license (Smart License) which has been stopped for the past four years and has accelerated the distribution process.
The department issued a statement and...
The stock market increased by 64 points, turnover of 21 billion
Kathmandu. The NEPSE index increased by 64.67 points on the fifth trading day of the week. After the election, the stock market, which started rising gradually, closed at 2877.02 points on Thursday with an increase of 2.29 percent.
When 5 cr...
What is the exchange rate of foreign currency on Saturday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 142 rupees 88 paisa and the selling rate is 143...
The price of gold increased, while that of silver decreased
Kathmandu. The price of gold has increased in the Nepali market, while the price of silver has generally declined. According to the rate published by the Nepal Gold and Silver Traders Federation for Monday, the price of gold has increased compared...
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...