Stories By 'SHANKAR ACHARYA'
Nepal urgently needs to establish a consular office at Visakhapatnam port in India to make life easier for traders, officials said. Currently, Nepali importers bringing goods from third countries have to get their paperwork processed from the Nepal Embassy in faraway New Delhi as there is no consulate at the port, which is an ordeal for them.
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Sirsiya Dry Port in Birgunj saw record numbers for both import and export of goods last month. The port’s handling capacity has strained after third-country trade through India via Visakhapatnam started. This shows the urgency to expand the facility, which has been operational for 14 years.
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Businessmen, traders, importers and exporters in Province 2, one of the country’s key economic hubs, described Budget 2018-19 as being balanced, but they criticized the federal government for imposing heavy taxes and putting the squeeze on a limited number of taxpayers.
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Imports of four-wheeler passenger vehicle (jeep, car, van) through the Birgunj Customs have surged dramatically ahead of the announcement of annual budget for the next fiscal year. Customs officials said importers have rushed to clear the vehicles citing possible rise in customs duty. The budget for the fiscal year 2018-19 is scheduled to be presented on Tuesday.
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Workers have finished laying 10 km out of the 69 km Amlekhgunj-Raxaul oil pipeline in the last two months.The underground pipeline has a diameter of 10.75 in and will extend from Motihari, Bihar in India to Amlekhgunj in Nepal. The pumping facilities for the cross-border pipeline are located at Motihari.
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Inability of the Indian Railways to provide adequate number of rakes has delayed transportation of Nepal-bound third-country goods, including fertilisers and raw materials, from India, hitting a number of companies in the land-locked country.
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