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KATHMANDU, Jan 22: Nepal’s earnings from exports stood only one-tenth of its import expenses in the first half of the current fiscal year.
Export earnings of Bangladesh : Exports decreased by 1.06% to $5.3 billion
“The policy behind the deductions of profits from the business of exports is to encourage and incentivise export trade. Through Section 80HHC (of the Income Tax Act), the Parliament restricted the deduction of profit from the assessee's export of goods/merchandise. The interpretation now suggested by the assessee would add one more source to the sources stated in Section 80 HHC of the Act. Such a course is impermissible,” the apex court said.
Oct's shipment fell to $3.76 billion this year from last year's $4.35 billion
International Business News: Australia's resources and energy exports are expected to decline in the next two years due to weakening global demand, especially from China. The coun