News

What’s the Finance Ministry’s stand on EV imports?

KATHMANDU: The Ministry of Finance has clarified concerns regarding alleged information leaks related to electric vehicle (EV) imports. The ministry stated that the EVs currently entering Nepal have been imported in full compliance with existing rules. According to the ministry,…
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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…
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EV imports fall while petrol car imports rise in five months

KATHMANDU: Nepal imported more than 6,600 units of cars in the first five months of the current fiscal year 2025/26 (mid-July to mid-December), according to the latest data released by the Department of Customs. As of mid-December, a total of…