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The Customs Bill, 2080 has been passed by the National Assembly. In today's meeting, Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel submitted a proposal to "pass the Customs Bill, 2080 received with a message from the House of Representatives", and the proposal was unanimously passed.
Submitting the proposal, Finance Minister Paudel expressed his belief that after the implementation of the new law, customs leakage control, increasing the use of technology, and customs clearance can be done quickly and efficiently.
The government has introduced this bill saying that it is necessary to amend the Customs Act to make the customs check-pass process more technology-friendly and easy and to be compatible with the Kyoto Convention, to which Nepal is a party. Nepal is a party to the Revised Kyoto Convention and the Trade Facilitation Agreement of the World Trade Organization.
According to this agreement, among the provisions of the revised Kyoto Convention, it is mentioned in the convention that the general provisions should be implemented within three years of becoming a member and the transitional standards within five years.
Similarly, the government has introduced this bill saying that it is necessary to address the provisions related to customs in order to facilitate trade through the customs act. This Act shall come into effect on the 91st day after the date of its ratification.
The next meeting of the National Assembly will be held on Friday, June 20 at 1:15 PM.
