Customs clearance resumes after government eases MRP rule
Summary
Customs clearance resumed at major border points like Birgunj after the government allowed importers to self-declare maximum retail prices and label goods later at their warehouses, ending a blockage that had stranded over 1,700 cargo trucks.
Key Points
- Customs clearance resumed after an agreement between the Department of Customs and importers regarding MRP labeling.
- Importers can now self-declare the MRP at customs points and affix labels later at their warehouses.
- The dispute had caused over 1,700 cargo vehicles to be stranded at Birgunj Customs, sharply affecting revenue collection.
- The government collected Rs760 million revenue in a single day after operations resumed at Birgunj Customs.
