Kathmandu. Nepali traders have become rich after India increased customs duties on soybean, sunflower and palm oil. Nepali traders have become rich after making good profits per liter.
In the first 7 months of the current year, 39.36 billion 88 million rupees of soybean, sunflower and soybean oil have been exported to India. According to the data of the Customs Department, soybean oil worth 32.41 billion 57 million rupees has been exported in the first 7 months of the current year. This is equivalent to 158 million 138 thousand 411 kg.
Similarly, sunflower oil has been exported at 27.789 thousand 335 liters or 6 billion 57 million 67 million rupees. However, palm oil exports have decreased during this period. The export has decreased after the Customs Department clarified that palm oil is not crude but a processed oil. Palm oil worth only Rs 376.356 crore has been exported.
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. After the customs clearance margin was 100 percent, oil was imported from third countries and sent to India.
Why was palm oil import stopped? ?
Crude palmolein has been imported under customs subheading 151110.00. A 10 percent customs duty has to be paid when importing under this heading. Prepared palm oil has been inspected under 151110.00. Imports under this heading are subject to 15 percent customs duty.
However, as the dispute between palm oil traders and customs over palm oil crude and preparation has escalated, the matter has reached the court. First, the Biratnagar Customs Office sent the palm oil brought by Janakpur Refineries to the Customs Department for testing, saying that it was suspicious. The Customs Department’s laboratory reported that the palm oil brought by Janakpur Refineries was prepared.
Based on that report, the Biratnagar Customs Office classified the palm oil, which Janakpur Refineries called crude, as preparation, i.e. customs subheading 151190.20. The company, disagreeing with that classification, approached the Patan High Court. Despite the High Court’s order to release him on bail, the Customs Department has gone into vacate against the court’s order due to the extreme negligence of the oil trader.
This issue, which spread from Biratnagar Customs, has now reached Mechi Customs Office, Birgunj Customs Office, Bhairahawa Customs Office, etc.
Like Biratnagar, other customs offices have also sent the department to test palmolein. Reports are coming in that the palmolein sent by the department is being prepared in a hurry. After it was discovered that the palmole brought as crude was prepared, the businessmen are not taking legal action. .
https://singhadarbar.com/%e0%a4%aa%e0%a4%be%e0%a4%ae%e0%a5%8b%e0%a4%b2%e0%a4%bf%e0% a4%a8-%e0%a4%86%e0%a4%af%e0%a4%be%e0%a4%a4%e0%a4%ae%e0%a4%be-%e0%a4%95%e0%a5%8d%e0% a4%b0%e0%a5%81%e0%a4%a1-%e0%a4%a4%e0%a4%af%e0%a4%be/
https://singhadarbar.com/%e0%a4%9c%e0%a4%95%e0%a4%aa%e0%a5%81%e0%a4%b0-%e0%a4%b0%e0%a4%bf%e0%a4%ab%e0%a4%be%e0%a4%8 7%e0%a4%a8%e0%a4%b0%e0%a4%bf%e0%a4%9c%e0%a4%b2%e0%a5%87-%e0%a4%97%e0%a4%b0%e0%a5%8d%e0%a4%af%e0%a5%8b/
https://singhadarbar.com/%e0%a4%9c%e0%a4%a8%e0%a4%95%e0%a4%aa%e0% a5%81%e0%a4%b0-%e0%a4%b0%e0%a4%bf%e0%a4%ab%e0%a4%be%e0%a4%87%e0%a4%a8%e0%a4%b0%e0%a4%bf%e0%a4%9 c%e0%a4%95%e0%a5%8b-%e0%a4%aa%e0%a4%be%e0%a4%ae%e0%a5%8b%e0%a4%b2/
प्रतिक्रिया दिनुहोस्