Saturday, 20 July, 2024

Margin on import to reduce economic challenges: Finance Minister Sharma


Kathmandu, Mar. 13: Finance Minister Janardan Sharma has made it clear that the government set a margin on imports in a bid to reduce the economic challenges facing the country. When the situation is improved, the import ceiling would be removed.

Addressing a seminar on customs management organized by the Department of Customs here Saturday, Minister Sharma viewed that although tightening of import was affecting customs, the customs offices should strive to meet the targets. He believed that the seminar would be fruitful to face the challenges surfaced in the customs management along with revenue mobilization and trade facilitation.

The Finance Minister informed that a directive on vehicle scanning at the customs office was being prepared, and it would come to enforcement soon.

On the occasion, Deputy Director General at Customs Department, Anand Kafle, however, said the government had been successful to collect Rs 308 billion within mid-February although it had aimed at collecting Rs 305 billion and there was import margin as well.