Tuesday, April 29, 2014

Tax and duty exemption to export oriented projects

Radhesh Pant
Chief Executive Officer
Investment Board of Nepal

Radhesh jee

I have come to learn from public media that you in IBN are considering tax and duty exemption. It isn't a universally good proposition: it is good for projects electricity from which will be used domestically in Nepal, but not in the case of export. I had written an article on the subject sometime back (published in Gorkhapatra on 2069 Jestha 19) which I am forwarding for you to study before making wrong decision.

I trust you will not be making a decision that not only will be detrimental to Nepal but also disgraceful to you and your esteemed late father, Dr Yadav Prasad Pant.

With best regards

Ratna Sansar

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