•      Fri Nov 22 2024
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STC and FMTC allowed to import sugar on duty waiver



Prithvi Subba Gurung

Kathmandu, Sept 11: The government has allowed the Salt Trading Corporation (STC) and Food Management & Trade Company to import 30,000 metric tons of sugar with 50 percent customs duty waiver so as to avoid shortage of sugar in view of the upcoming festivals.

Minister for Communications and Information Technology Prithvi Subba Gurung shared that the meeting of the Council of the Ministers held on Monday had decided to grant 50 percent exemption to the STC and FMTC on customs duty applicable in the import of 15,000 metric tons of sugar each.

At a press conference organized at the Ministry, Minister Gurung clarified that two state-owned companies have been allowed to import sugar with customs exemption with the aim of preventing shortage of sweeteners during Dashain, Tihar and Chhath festivals.

Chitralekha Yadav ambassador for Australia

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Arun IV for SJVN

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