Export-Import Code, Latest Customs Reform and Modernization Action Plan to Help Boost Nepal Trade

26 January 2017

The Nepal Department of Customs (DOC) introduced the Export-Import (ExIm) code for traders, and presented the next phase of its Customs Reform and Modernization Strategies and Action Plan (CRMSAP) 2017-2021 on 26 January 2017, International Customs Day.

According to Mr. Sishir Kumar Dhungana, Director General, Nepal DOC, the ExIm code is being implemented as a trade facilitation measure, to be used in the digitized Customs Transit Declaration at Kolkata and Visakhapatnam ports in India, enabling electronic data interchange between Nepal and India Customs.

Nepal will strengthen implementation of provisions of the Revised Kyoto Convention (RKC) and the World Trade Organization Trade Facilitation Agreement through the CRMSAP 2017-2021. Adoption of RKC principles is expected to boost Nepal's foreign trade, and benefit Government and private-sector stakeholders, through improved trade facilitation, reduced trading costs, uniform Customs control, and more efficient movement of cargo and people. It will also promote better border security and reduce revenue leakage.

The CRMSAP 2017-2021 will also implement the single window system, interlinking Government agencies essential to Customs processes, including quarantine, banks, tax offices, and Customs agents. Other key priorities of the CRMSAP 2017-2021include Customs laboratory strengthening and interface among laboratories of the Department of Food Technology and Quality Control, and Nepal Bureau of Standards and Metrology; and streamlined coordinated border management agencies.


Related Links:

Roundtable Urges Increased India-Myanmar Connectivity, Trade

A roundtable discussion held in Myanmar noted the need to substantially increase connectivity, trade and diplomatic relations between...

India, Nepal Agree to Develop Bridge over Mechi River

India Prime Minister Narendra Modi and Nepal Prime Minister Sher Bahadur Deuba witnessed the signing of eight memorandums...

Indian Businesses Urged to Invest in Nepal at Business Forum

Nepal Prime Minister Sher Bahadur Deuba urged Indian investors to look at opportunities in Nepal at an India-Nepal...

ADB, Korea EXIM Bank Hold Seminar on CTEC

The Asian Development Bank (ADB) and the Export-Import Bank of Korea (Korea EXIM Bank) held a...

The Future of e-Governance in South Asia

South Asia is one of the fastest growing economic regions, and collaboration in the field of information and...

Bangladesh to Export Bandwidth

Plans to export 102.5 gigabit (Gb) per second of bandwidth from Bangladesh to its neighbors, Bhutan, Myanmar, Cambodia,...

Bangladesh Fast-Tracks Chittagong-Cox's Bazar Railway Project

The Government of Bangladesh is set to select two companies to construct a single-line dual-gauge railway track from...