Kathmandu. The government has reduced customs duty on 273 types of raw materials. The joint meeting of both houses of the Federal Parliament today is the fiscal year 2083. Finance Minister Dr Swarnim Wagle said this while presenting the budget for the current fiscal year 84.
Likewise, the customs duty on 273 types of raw materials has been reduced by at least one level less than that of finished goods.
Similarly, the existing customs rate of 11 levels has been limited to seven levels. Currently, excise duty on 360 items has been abolished. Scattered taxes such as infrastructure development tax, road maintenance and improvement fees collected at customs points have been integrated into green tax.
