Customs Offices to Suspend Goods Clearance on Budget Day
Summary
Customs offices across Nepal will suspend goods clearance on budget day, Jestha 15, to adjust tax rates as per the new budget presented in the Federal Parliament. Clearance will resume after updates in the customs system on Jestha 16.
Key Points
- Customs clearance of commercial goods will be suspended nationwide on Jestha 15 (budget day).
- The suspension is due to adjustments in tax rates presented in the Finance Bill 2083 during the budget speech.
- Declarations registered before Jestha 14 must be cleared by end of that day, or new tax rates will apply upon clearance.
- Customs clearance resumes on Jestha 16 after the customs ASYCUDA system is updated with new tax provisions.
