Transparency needed in trade: Acharya

Biratnagar, Sept. 13 (RSS): Finance Minister and Nepali Congress central member Mahesh Acharya has said that many of the suggestions received from trade and industry sector have been incorporated while formulating the current fiscal year’s budget.

Speaking at a get together organized by Morang Trade Association here today, Finance Minister Acharya stressed the need for industrialists and businessmen to maintain transparency.

The government is considering improving the procedure of tax returns, he said, adding this will be decided in consultation with the revenue administration employees and the representatives of trade and industry sector.

Stating that the local authorities have been given powers to collect taxes in order to make them economically self-reliant, he said the government is ready to revise the local fee provision, if need be.

He also said that talks will be held with the Indian Finance Minister to resolve the problem of special additional duty being imposed on Nepalese products in India despite the agreement reached between the two countries to scrap such duty.

Morang Trade Asociation president Udaya Prasad Ojha and various others apprised the minister of various problems faced by the trade and industry sectors

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