Customs Duty on 253 raw materials teduced to boost domestic production
▸ Part of: Nepal's Finance Minister Announces Customs Duty Reductions and Tax Reforms
The government has reduced customs duties on 253 types of raw materials used in domestic production to encourage industrial growth in Nepal. Finance Minister Dr. Swarnim Wagle announced this in the budget for Fiscal Year 2083/84, expecting it to make domestic production easier, more competitive, and cost-effective.
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