News

Cimex Inc. breaks silence on EV import debate

KATHMANDU: Cimex Inc., the official distributor of BYD in Nepal, has rejected allegations that it imported a large number of electric vehicles by leaking government information. In a statement, the company said such claims are baseless and misleading. It stated…
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775 electric vehicles taken for investigation

KATHMANDU: The Armed Police Force (APF) has taken 775 electric vehicles imported through the China-Nepal border under investigation. The vehicles were taken into custody from different locations, including Jomsom in Mustang, Kushma in Parbat, and Hemja in Kaski on Wednesday…
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Rising dollar forces importers to delay customs until rates drop

KATHMANDU: Nepal’s new value-based taxation system is creating fresh challenges for automobile importers. Companies say they are being forced to adjust declared vehicle values ​​to manage rising tax burdens. The shift to CIF-based taxation means taxes are calculated at the…