Bhutan re­ceives the ex­cise duty re­fund of Nu. 1.76 Bil­lion for 2013 from GoI

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The Fi­nance Min­ster Ly­onpo Nam­gay Dorji re­ceived a cheque amount­ing to Nu. 1.76 bil­lion from the In­dian Am­bas­sador to Bhutan , Gau­tam Bam­bawale last Fri­day. This amount rep­re­sents the ex­cise duty re­fund (EDR) for the year 2013. The re­fund amount is jointly pre­pared by of­fi­cials of the Di­rec­torate Gen­eral of In­spec­tion, Cus­toms and Ex­cise, Gov­ern­ment of In­dia and Bhutanese Cus­toms af­ter verification of records com­piled by the con­cerned agen­cies of the Royal Gov­ern­ment of Bhutan. As a mark of friend­ship and good­will, Gov­ern­ment of In­dia pro­vides ex­cise duty re­fund to Bhutan on im­ports from In­dia, on an an­nual ba­sis.

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