After wheat, rice and sugar, India bans onion exports
Friday’s ban, according to the market observers, would send the price of the vegetable to over Rs200 per kg in Nepal’s retail market. It is already in short supply.
Source: kathmandupost.com
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India's onion export tax policy leaves Kalimati vegetable godowns depleted - myRepublica - The New York Times Partner, Latest news of Nepal in English, Latest News Articles
KATHMANDU, Aug 23: After India imposed a 40 percent duty on onion exports, businessmen have stopped importing onions.
Source: nagariknetwork.com
India's tax policy on onion exports makes Nepali kitchen dearer - myRepublica - The New York Times Partner, Latest news of Nepal in English, Latest News Articles
KATHMANDU, Aug 21: In addition to the 40 percent export tax, customs offices in Nepal levy 1.5 percent Agricultural Infrastructure Tax (AIT) and 9 percent Agricultural Reform Tax and Value Added Tax (VAT) of 13 percent. These additional taxes contribute to a total increase of around Rs 24 per kilogram for onions.
Source: nagariknetwork.com
Fewer onions, more tears
Onion price has soared significantly over the past week in the domestic market after traders stopped imports in protest against government’s decision to impose a 13 percent value added tax (VAT) on certain types of imported fruits and vegetables.
Source: thehimalayantimes.com
VAT makes the poor food insecure, say experts
Nepal relies heavily on imported onions and is gradually becoming a net importer of potatoes.
Source: kathmandupost.com