Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The government has opened imports of dates, peas, betel nut and black pepper after one year by imposing quantitative restrictions.
The government had decided to stop the import of all these four items last year . This time, the government has lifted the import ban but imposed quantitative restrictions.
“The Cabinet meeting has decided to lift the ban on import of these four items and impose quantitative restriction. However, we have not finalized the quantity of these items to be allowed to traders to import,” informed Urmila KC, deputy spokesperson for the Ministry of Industry, Commerce and Supplies.
The government had been preparing to impose quota restriction on the import of betel nuts, peas, dates and peppercorns that are found largely imported from third countries to smuggle to India since long.
After India raised concern over an increasing smuggling of these goods from Nepal, the government in last had imposed restrictions and allowed only those imports done by opening the letter of credit and via shipping containers.
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