50% discount on customs duty on imports by damaged industries

Private sector industries, businesses, commercial establishments, etc., which were damaged during the protest on August 23rd and the demonstration on August 24th, will get a 50% discount on customs and excise duties when importing necessary materials for reconstruction.

Ashwin 7, 2082

Kantipur Reporter

50% discount on customs duty on imports by damaged industries

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Private sector industries, businesses, commercial establishments, etc., which were damaged during the protest on August 23rd and the demonstration on August 24th, will get a 50% discount on customs and excise duties when importing necessary materials for reconstruction. The decision was taken by the Council of Ministers on Monday.

According to Section 18 Subsection 1 of the Economic Act, a 50% discount will be given to the customs duties and excise duties incurred when importing such goods for their rehabilitation and operation based on the details of the goods that have been removed from the insurance surveyor's report from the damage caused to buildings, furniture, devices and equipment due to arson or vandalism in industries, trade, commercial establishments and economic activities affected by the unusual situation created during the Genji movement, in accordance with subsection 1 of Section 18 of the Finance Ministry It has been said.

Kantipur

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