Kathmandu, May 7 – The Nepal Industrial Chambers of Commerce and Industry (NICCI) along with Unilever Nepal convened for talks on Tuesday to discuss an array of critical industry-related issues.
As stated by NICCI, issues of importance encompassed the return of dividends, the necessity to reassess tariffs and taxes on raw materials—particularly when contrasted with the reduced charges imposed on imported completed products—and the categorization of trademark usage royalties as operating costs.
Additional matters raised included challenges faced by distributors and businesses due to the rigid collateral requirements imposed by banks when issuing bank guarantees. The discussion also touched on the need to revise the trading definition to allow greater flexibility in importing finished goods into Nepal and to extend excise duty credit benefits to packaging materials.
The gathering featured NICCI President Sunil KC, Unilever Nepal MD Amlan Mukherjee, along with various participants. The discussions ended optimistically, as all parties agreed to collaborate—NICCI taking initiative—to address these challenges alongside international corporations active in Nepal and within the wider Nepalese industry.
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