Electronic medium in place for submission of custom tax

This undated image shows the building of the Ministry of Finance in Singha Durbar, Kathmandu. Photo: RSS

KATHMANDU: Finance Minister Janardan Sharma on Wednesday launched electronic payment system for the submission of custom tax. He launched the service amid a programme organised on the occasion of the 70th International Customs Day.

With the innovative system in place, the traders can submit the custom duty via the e-payment method. With the help of the system, one can request for the customs check pass, which would facilitate on the collection of customs duty, Minister Sharma hoped. He also termed it a beginning of a ‘new age’.

“The new application not only facilitates traders and employees but also saves their time,” he said, adding that it further helps to improve work progress. For the reform on custom, a vehicle scanner will be introduced. The vehicle scanner is also linked to security, according to him.

The Finance Minister also pointed out the need for quarantine and laboratory to meet the international standard. The government is committed to bringing reforms with this, he vowed.

The suggestions from the private sector would help government improve the system.

He admitted that the international price hike created stress on foreign currency reserves in Nepal. However, Nepal’s economy has not been pushed to a tailspin. He also expressed dissatisfaction over the publicity on the economy that panicked general people and the private sector.

On the occasion, Finance Secretary Madhu Kumar Marasini viewed that only technology was not enough, but skilled human resources and continuous training were necessary. He said the new system would facilitate the private sector which contributes 70% to the national economy.

The International Customs Day is observed on January 26 every year.

By RSS

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