December 6: Export of Nepali products to neighbouring India and other countries through Birgunj customs has increased significantly in the first quarter of the current fiscal year (FY 2021/22).
The country’s main trade and transit point has witnessed more than three times increment in the export of Nepali products as compared to the corresponding period of the previous fiscal year. The new fiscal year begins in mid-July in Nepal. Products worth over Rs 39.5 billion were exported in the first quarter of the current fiscal year against the export of goods worth Rs 12.4 billion in the same period of the previous fiscal year.
Trade and business have eased following the decline in COVID-19 cases across the world, which has contributed to the increase in the export of Nepali products, said the information officer at the customs office, Sumit Gupta. The exported goods included refined soybean oil, refined palm oil, fruit juice, refined sunflower oil, soybean oil seed cake and medicinal herbs.
The office has collected over Rs 70.1 billion in revenue in the first quarter of the current fiscal year, which is Rs 26 billion more than Rs 43.6 billion collected in the corresponding period of the previous fiscal year. -- RSS