Customs duty on sanitary pads have not been raised: Finance Ministry

The Finance Ministry has issued a statement mentioning its attention has been drawn to the news being circulated in various social medial platforms and publications that the customs duty on the import of sanitary pads has been hiked. It has stated that the customs duty on sanitary pads has not been increased.

The ministry has further clarified that the 15% tax that is being levied since fiscal year 2069/70 has not been changed for the current fiscal. It has requested all to refrain from publishing false news. In fact, the ministry has said that the tax on the import of raw materials for production of sanitary pads in the country has been brought down from 10% to 5%. The ministry has added that the import duty on raw materials has been decreased in order to encourage local businesses manufacturing sanitary pads.

Share This Post


Business 360 is a magazine that delivers on quality business news content, profiles of entrepreneurs and leaders, features on issues that matter, articles that assess and analyze policy and delivery mechanisms in the world of trade and commerce

Related Post