Govt to recognize importer

Nepal Automobile Dealers' Association (NADA) on Sunday demanded the government to recognize the invoices submitted by importers of the country's third-made four-wheel for clearance. The decision of the government to change its assessment procedures for non-Indian made vehicles have NADA to send the demand thereof. The NADA's executive meeting also demanded the authorities concerned to immediately release the vehicles do not have any problems with the invoices. "It really is illogical on the part of the country to block all third-made vehicles at the Birgunj customs," said an official NADA. The pace of import of non-India made vehicles are completely stopped since the last three weeks after the Treasury imposed new import price valuation procedures to handle the deep-rooted problem in billing. According to the Ministry of irregularities in the appraisal of vehicles by up to 50 percent hard hit by customs offices. Two leading Japanese auto makers, a British car manufacturer and a Korean car giant was found to have surrendered to the issuing undervalued invoices.

Source: http://www.nepalnews.com/main/index.php/news-archive/3-business-a-economy/1197-nada-asks-govt-to-acknowledge-importers-invoice.html