Government Provides Rs. 85.23 Billion in Customs Duty Exemptions in One Year

Kathmandu. The government has provided customs duty exemptions worth Rs. 85.23 billion in a period of one year. According to the 63rd annual report published by the Office of the Auditor General on Friday, this exemption was given in customs revenue in the fiscal year 2081/82. The government had provided an exemption of Rs. 79.87 billion 39 million in the fiscal year 2080/81. However, in the fiscal year 2081/82, the government has provided additional customs revenue exemption based on the Economic Act, as pointed out by the Auditor General's report. According to the report, the Ministry of Finance and the Inland Revenue Department have not kept records of exemptions given on internal revenue through the Economic Act, the Auditor General has stated. Similarly, this year, the government has provided a customs duty exemption of Rs. 5.71 billion on the import of goods under SAFTA facility. Customs duty exemption of Rs. 6.12 billion has been provided to various projects, construction entrepreneurs, and government bodies. The Auditor General has pointed out that the exemption in duties has also affected the government's revenue mobilization.