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Commerce Policy 2065

Date post: 10-Apr-2018
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    Accepted free economy

    Economic globalization Trade deficit

    Changes in environment

    Technological development

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    Maintaining the contribution of

    commerce in national economy &helping in economic development &poverty reduction.

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    Making trade sector competitive

    Reducing trade deficit Reducing poverty

    Making effective link of internal &

    external trade

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    Improving capacity of public & private sector

    Reducing transaction cost Developing policy, organizational & physical

    infrastructures

    Developing environment to protect & promote

    intellectual property right

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    Policy Facilitating to make raw materials &

    machineries easily available.

    Co-operating various policies

    Promoting value addition

    Charging only service charge

    Promoting private & co-operative sector

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    I

    mplementing export credit guarantee scheme Providing land on lease

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    Establishing product development fund

    Establishing technological organization byparticipating private sector

    Providing bank guaranteed bonded warehouseservice

    Reducing tax

    Launching product development program Discounting tax for raw materials internal

    transportation

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    Trying to develop FTA with developedeconomies

    Co-operating with similar interest countries

    Making effort to enjoy the facilities provided asbeing LDC & landlocked country

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    Establishing the Trade Policy Analytical Wing

    Providing required information

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    Policy

    Well developed special economic zones &export process area are established

    Industries within those areas got special

    facilities

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    Establishing special economic zones

    Promoting private sector to establish Ancillaryindustries near to Bhairahawa & Birgunj

    Making effort to add less industrialized citiesinto SEZ

    Conducting research for developing Nepal as

    transportation point Publishing guide book

    Developing board committees

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    Policy

    Increasing employment oriented & managerialskills

    Linking employment & export

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    Board of trade

    Trade promotion institute

    SEZ & export process areas

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    Transportation & logistic program

    Multimodal rule implementation Train transportation possibility study

    Computerizing tax & custom duty system

    Developing physical infrastructure & HR

    Establishing intermodal transportation council

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    Providing license

    Establishing GPZ

    Making labor law flexible

    Developing & publishing export related

    united records

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    Making National Inquiry Points effective

    Applying for membership of ATA-CARNET

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    o

    Developing international level skilled humanresource

    o Providing training to TRIPS, sanitary,

    phytosanitary, & TBT sector personnel

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    License related process

    Tax, custom duty, & VAT related provision GSP related provision

    Certificate of origin related provision

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    Readymade dresses

    Carpet & wool products Pashmina

    Handmade products

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    Tea

    Vegetable seed

    Flower business

    Processed leather

    Herbs products

    Coffee Cardamom

    Vegetable

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    ON THE BASIS OF NATURE

    1. Manufacturing Industries

    2. Energy basedIndustries

    3. Agro and Forest based Industries

    4. Mineral Industries

    5. Tourism Industries6. Service Industries

    7. construction Industries

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    ON THE BASIS OFINVESTMENT

    1. Cottage Industries

    2. SmallIndustries

    3. Medium Industries

    4. Large Industries

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    an application must be submitted to thedepartment for its registration,

    Cottage industry get registered within 6

    months,

    Department should approve within 21 daysfrom the date of application,

    Industries are registered on concernedindustry department or any district level office.

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    Implementing policy,

    Giving guidelines,

    Maintaining coordination,

    Prevention of environmental pollution,

    Recommending government,

    Give directives to the concerned body,

    Other functions.

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    All taxes are discounted for Cottage industries,

    District wise facilities for industries not havingTobacco as the chief raw material,

    Fruit industries in undeveloped district fixedassets up to 2.5 million shall be entitled to anexcise duty and sales tax free for 10 years,

    1/3 of depreciation onF

    A will be discountedon income tax,

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    Forest-based industries may be available anyforest on a leased hold basis,

    No royalty for self-use electricity producers,

    Additional facilities on EPZ,

    Additional facilities on the basis of nationalpriorities,

    No double sales tax.

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    Recruited from among nepali citizens,

    Foreign nationals may be appointed for specialskills by the approval of Department of Labor,

    Foreign employees can repatriate his/hersalaries not exceeding 75%,

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    Duty to Furnish Particulars concerning industry

    Duty to Informed in case of closing down of

    Industry within 7 days Power of Government of Nepal

    Provisions concerning Sick Industries operatingat loss, producing 20% of total capacity for the last5 years continuously no duty and tax

    Industries requiring permission producing armsand ammunitions, gunpowder and explosives,

    security printing, currency and coins industryproducing products with tobacco as the chief rawmaterials and liquor or beer.

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