Nepal Eases MRP Rules for Imports Amid Trade Concerns
Summary
Nepal has relaxed the Maximum Retail Price disclosure rule for imported industrial raw materials and perishable goods to ease customs clearance and trade issues.
Key Points
- Nepal government relaxed the MRP disclosure rule for industrial raw materials and perishable imported goods due to trade and customs clearance problems.
- The Department of Customs now allows importers to self-declare MRP at customs to facilitate clearance.
- The relaxation follows the initial mandatory MRP disclosure rule issued on April 12 by the Department of Commerce.
- Further clarity on MRP rules is expected through the upcoming fiscal act for fiscal year 2083/84.
