FNCCI demands correction to budgetary provision

The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has asked the government to correct a provision in the newly presented budget regarding import procedure through the Tribhuwan International Airport (TIA).

Issuing a statement, the FNCCI has said that the provision that makes it mandatory for the importers to separately disclose price of the product, transport cost and insurance amount when declaring its price at the custom office has created unnecessary hassles.

The FNCCI has said that due to the new procedure, import through the TIA has been seriously affected for the last few days. It has warned that the government could bear huge revenue losses if the provision is not corrected soon. nepalnews.com Jul 19 07

Related News
- Parliament starts debate on budget