Traders want agency to monitor destroyed goods

Kathmandu, Sept 8

Nepal Foreign Trade Association (NFTA) has stressed on the need of an agency to monitor and prove the destruction of the expired and damaged goods.

In a meeting with Finance Secretary Madhu Kumar Marasini on Wednesday, a delegation of the NFTA has suggested to create an independent agency to monitor and record the destruction of the expired and damaged goods.

The delegation led by its President Sunil Kumar Bansal handed over the suggestions to create a business-friendly environment to the government. The suggestions include the challenges in the areas of income tax, value added tax, excise duty, customs and import-export trade and way to address them.

Bansal said that the small and medium exporters have not got the export grant for a long time and demanded that it should be paid at the earliest.

"Since Nepal will be graduated to a developing nation from the Least Developed Country in 2026, it will be deprived of various trade facilities and favours from the developed country that are given to a LDC therefore, the government should sign bilateral agreements with those countries to ensure the export markets for Nepali goods," said Bansal.

He also said that the government should provide the facility to renew the exim code for five years.

The association also demanded with the government to remove the syndicated in wool import.

In response, Marasini said that he would take the demands seriously. He also said that the government had given priority to the management of vaccines against the COVID-19 so that the economic activities would not be affected due to the pandemic.

Published in The Rising Nepal daily on 9 September 2021.