Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Ahead of festive season, Nepal to import 20,000 metric tonnes of sugar from India.


Date: 14-09-2023
Subject: Ahead of festive season, Nepal to import 20,000 metric tonnes of sugar from India
Nepal government is set to import 20,000 metric tonnes (MT) of sugar from India ahead of the upcoming festivals, including Vijaya Dashami and Deepawali to meet the domestic demand. Although Ministry of Industry, Commerce and Supplies has asked the Finance Ministry to give customs waiver for importing 60,000 MT of sugar to meet the local demand, the Finance Ministry has given permission to import only 20,000 MT for the time being.

According to Finance Ministry spokesperson, Dhaniram Sharma, the Ministry has given 50 per cent discount on customs duty, which means 15 per cent less from the earlier imposed 30 per cent customs duty.


Two companies, Salt Trading Corporation (STC) and Food Management and Trading Company, both would import 10,000 MT sugar each for the upcoming festival season, according to Sharma. However, divisional manager of STC Brajesh Jha said that it had asked the government permission to import 50,000 MT of sugar.


According to Jha, Nepal's domestic demand for sugar stands at 3,00,000 MT and it needs to import a huge quantity of sugar mainly from India. There are 12 sugar factories in Nepal that produce around 1,00,000 MT of sugar.
< ..

According to an estimate, Nepal imports at least 70 per cent sugar from India. Besides, thousands of tons of sugars are brought through illegal channel without paying customs duty.


Sugar is available in the black market in Kathmandu and the prices ranges from Nepali Rupees 100 to 125 per kg, where as it costs around Rs 40 - 50 in India.


Source Name : Economic Times 

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 22-11-2023
Notification No. 13/2023 -Customs (ADD)
Seeks to further amend notification No. 47/2021-Customs (ADD), dated 26th August, 2021, imposing Anti-dumping Duty on imports of "Natural mica-based pearl industrial pigments excluding cosmetic grade" from China PR, to modify the existing duty table .

Date: 21-11-2023
NOTIFICATION No. 12/2023-Customs (ADD)
Seeks to continue levy of anti-dumping duty on "Synthetic Grade Zeolite 4A (Detergent Grade) from China PR for 5 years pursuant to First Sunset Review Final Findings issued by DGTR."

Date: 17-11-2023
NOTIFICATION No. 11/2023-Customs (ADD)
seeks to impose anti-dumping duty on toughened glass for home appliances imported from China PR for a period of 5 years.

Date: 17-11-2023
NOTIFICATION No. 54/2023- Central Tax
Seeks to amend Notification No. 27/2022 dated 26.12.2022 to notify biometric-based Aadhaar authentication for GST registration in the State of Andhra Pradesh.

Date: 16-11-2023
Notification No. 84/2023 - Customs (N.T.)
Exchange Rate Notification No. 84/2023-Cus (NT) dated 16.11.2023-reg

Date: 15-11-2023
Notification No. 83/2023 - Customs (N.T.)
Exchange Rate Notification No. 83/2023-Cus (NT) dated 15.11.2023-reg

Date: 15-11-2023
Notification No. 82/2023-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 02-11-2023
Notification No. 16/2023- Union Territory Tax (Rate)
Seeks to amend Notification No 17/2017- Union territory Tax (Rate) dated 28.06.2017.

Date: 02-11-2023
NOTIFICATION No. 53/2023– CENTRAL TAX
Seeks to notify a special procedure for condonation of delay in filing of appeals against demand orders passed until 31st March, 2023.

Date: 02-11-2023
Notification No. 81/2023 - Customs (N.T.)
Exchange Rate Notification No. 81/2023-Cus (NT) dated 02.11.2023-reg



Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001