Nepal seeks waiver on GST

Maritime Gateway - - News -

Nepal’s Min­istry of Com­merce has writ­ten to the In­dian gov­ern­ment urg­ing for a waiver of GST on Nepal-bound goods. This fol­lows a slow­down in ex­ports and im­ports of goods to and from third coun­tries via In­dia due to con­fu­sion created by im­ple­men­ta­tion of GST. The pace of im­ports and ex­ports had slowed down few days be­fore im­ple­men­ta­tion of the new tax regime, and has not picked up since, it was pointed out. This has been at­trib­uted to In­dian Cus­toms of­fices still up­grad­ing their IT sys­tems, de­lay­ing move­ment of goods. As Nepal re­lies mostly on Kolkata Port to im­port and ex­port third-coun­try goods, de­lays at In­dian Cus­toms af­fect the coun­try’s trade. Cargo han­dling costs have gone up since the im­ple­men­ta­tion of GST. The au­thor­ity at Kolkata Port ear­lier used to im­pose 15 per cent lo­gis­tics ser­vice charge on goods im­ported from third coun­tries, but post-gst the charge has in­creased to 18 per cent.

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