Government's New MRP Rule Disrupts Imports, Raises Concerns of Shortages and Price Hikes
Summary
The government's new rule requiring Maximum Retail Price (MRP) declaration at customs has disrupted imports across major points in Nepal, raising concerns over potential shortages and price hikes. While essential industrial raw materials and perishables continue to flow, non-compliant goods face delays, amid business opposition and calls for better implementation.
Key Points
- The government mandated declaring Maximum Retail Price at customs points from Jestha 15, disrupting imports.
- Industrial raw materials and perishable goods imports continue, but some cargo is held due to missing MRP labels.
- Traders argue the MRP rule is impractical and was implemented without stakeholder consultation.
- Officials emphasize the need to enforce MRP rules for market transparency despite operational challenges.
