सिंहदरबार संवाददाता
Kathmandu. In the first 6 months of the current year, imports have been worth 822 billion 375 million rupees. Compared to the last fiscal year 2080.081, imports have increased by 7.06 percent.
There has been a surge in exports in the first 6 months. Exports from Nepal have increased due to the increase in customs duties on palm, soybean, and soybean oil in India. Exports have increased by 31.78 percent compared to the previous year. During this period, exports worth 98 billion 789.2 million rupees have been exported. In the same period of the previous fiscal year, exports were worth 74.96 billion 80 million.
The amount of oil exported from Nepal has increased after India increased the customs duty on soybean, palm, and soybean oil from 5 percent to 20 percent on Bhadra 29, 2081. When importing palm, soybean, and soybean oil under raw materials, it is enough to pay 10 percent customs duty in Nepal. Since there is a 100 percent margin in the customs gap, oil has started to be imported from third countries and sent to India.
The trade deficit during the review period reached 723 billion 58 million. Last fiscal year, it was 693 billion 19 million. Imports reached 161 billion in the month of Poush, resulting in an additional revenue of 40 billion in the state account.
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