Traders Boycott Customs Clearance in Nepal Over MRP Implementation, Halting Revenue Collection
Summary
Traders in Nepal have boycotted the customs clearance process at Birgunj Customs and other offices due to the government's new mandatory Maximum Retail Price (MRP) implementation, disrupting import and export activities and halting revenue collection.
Key Points
- Traders and entrepreneurs in Nepal are boycotting customs clearance at Birgunj and other offices due to the implementation of mandatory MRP for goods.
- Customs clearance processes including form filling and declaration submissions have been halted.
- Revenue collection at Birgunj Customs has been significantly impacted, with daily collections typically between Rs 50 to 60 crore now disrupted.
- The Birgunj Chamber of Commerce and Industry considers the mandatory MRP impractical, leading to non-cooperation from traders.
