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Nepali gov't to tighten customs declaration

12-15-2010 11:35 BJT

KATHMANDU, Dec. 15 (Xinhua) -- Nepali government is soon tightening existing poor customs declaration practices and forcing importers to declare the details, including the brand names, of the goods they are importing in the country.

According to Wednesday's Republica daily, the new step is being taken as the existing practice, which allows traders to walk away even without clearly declaring the product's name, was giving room for anomalies like under invoicing and tax evasion.

"Now onwards, citation of just "mobile" won't be enough if an importer is importing mobile handsets. The importer should mention "Nokia", if it is the brand name, and also "N90", if it is the model name," said an official at Department of Customs (DoC), citing an example of how the new system will work.

The new practice will come into effect once DoC enforces what it calls "single entry system" in customs operations.

"We are at the final stage. We plan to put it into place within a month," said Navaraj Bhandari, director general of DoC.

The department has already asked Nepal Rastra Bank, the central bank of the country, to make importers disclose clear details of goods while importing through letter of credit. It has already held discussions about the new practice with the concerned stakeholders, particularly customs agent.

Although a small segment of the agents has complained that the system will unnecessarily expand the list of items to be disclosed in declaration form, the Federation of Customs Agents has endorsed the department's proposal.

The department mainly hopes the new system will help the government and tax administration do away with existing practice of under invoicing, which has not only been affecting customs revenue but also value added tax collections.

Editor:Du Xiaodan |Source: Xinhua

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