KATHMANDU: The cabinet meeting held today has decided to extend the ban on the import of luxury goods such as vehicles and mobile phones until November.
The decision made by the Council of Ministers today has decided to extend the ban as the previous ban period ends today.
As Nepal’s foreign exchange reserves declined, 10 items were banned since Baisakh 2079 BS., defining them as luxury goods.
But out of those 10 items, only 4 items are currently banned. They include private vehicles, mobile phones costing above $300, motorcycles above 150 cc and alcohol.
The Council of Ministers held today decided to extend the ban on these items till November.
Earlier, the import of Kurkure chips and similar products, prepared liquor, cigarettes and tobacco products, diamonds, mobile phones, televisions above 32 inches, jeeps, cars, vans and motorcycles above 250 cc, toys and playing cards was banned.
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