{"id":27486,"date":"2018-01-30T15:06:23","date_gmt":"2018-01-30T09:21:23","guid":{"rendered":"https:\/\/techlekh.com\/?p=27486"},"modified":"2018-01-30T15:06:23","modified_gmt":"2018-01-30T09:21:23","slug":"auto-rickshaw-import-contributes-167-million-revenue","status":"publish","type":"post","link":"https:\/\/techlekh.com\/auto-rickshaw-import-contributes-167-million-revenue\/","title":{"rendered":"Surge in Auto-rickshaw Import Contributes 167 Million Worth of Revenue"},"content":{"rendered":"
\"Tempo
Image Courtesy: Ritesh Tripathi\/Republica<\/figcaption><\/figure>\n

The first half of the Fiscal Year 2017\/18 saw import of more than 5,000 auto-rickshaws, which is more or less twice the volume of import compared to Fiscal Year 2016\/17.<\/p>\n

Why it Matters:<\/strong><\/h4>\n

This rise of import in auto-rickshaw alone has contributed to 167 million rupees worth of revenue in the first half of the fiscal year.<\/p>\n

According to the Statistics:<\/strong><\/h4>\n

These statistics are maintained by the Birgunj Costumes Office:<\/p>\n

    \n
  • 2,637 auto-rickshaws were imported by mid-January last year<\/li>\n
  • 5,060 auto-rickshaws were imported this year<\/li>\n<\/ul>\n

    Factors that have led to this growth:<\/strong><\/h4>\n
      \n
    • Expansion of road networks<\/li>\n
    • Increase in demand for auto-rickshaw in the Nepali market<\/li>\n
    • Banks accepting clearance in monthly or daily installments<\/li>\n<\/ul>\n

      What they are saying:<\/strong><\/h4>\n
        \n
      • \u201cThe import of three-wheelers has seen a significant rise this year. The taxes involving the import of these vehicles include 30 percent customs duty, 55 percent excise duty and additional 13 percent Value Added Tax (VAT) adding up to 98 percent revenue in the import of three-wheelers,\u201d said Sebanta Pokhrel, chief of Birgunj Costumes Office.<\/li>\n
      • \u201cThe auto-rickshaws sold in the Nepali market are seldom purchased for personal use; in fact, these vehicles are used as means of public transport and provide people with employment opportunities,\u201d said Binaya Yadav, of Shanti Motors.<\/li>\n
      • He also added \u201cAs public transportation service helps change the economic activities of people, banks are not hesitant toward investing in this field. With the bank accepting clearance in monthly or daily installments, the demand for these vehicles has increased.\u201d<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        The first half of the Fiscal Year 2017\/18 saw import of more than 5,000 auto-rickshaws, which is more or less twice the volume of import compared to Fiscal Year 2016\/17. Why it Matters: This rise of import in auto-rickshaw alone has contributed to 167 million rupees worth of revenue in the first half of the…<\/p>\n","protected":false},"author":1067,"featured_media":27523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[5270,4806,275,5271],"yoast_head":"\nSurge in Auto-rickshaw Import Contributes 167 Million Worth of Revenue<\/title>\n<meta name=\"description\" content=\"The first half of the Fiscal Year 2017\/18 saw import of more than 5,000 auto-rickshaws in Nepal, which is more or less twice the volume of import compared to FY 2016\/17. 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