Due to the lockdown caused by the Covid-19 pandemic last year, the Nepal government had restricted the import of several items.

Recently the restriction for importing vehicles that cost more than $ 50,000 has been lifted.

The government published a gazette that mentioned the news about lifting the restriction for importing vehicles that cost more than $ 50,000.

The stipulation was removed after one year period.

 

The government has announced it will open the import of vehicles worth more than $50,000 for the official and personal use of foreign diplomats, diplomatic organizations, and foreign officers.

The restriction had mostly affected the diplomatic missions. Thus, the government has decided to lift the restriction on the import of such vehicles.

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The charges incurred while withdrawing money from another bank's ATM has been removed permanently by Nepal Rastra Bank.

Previously, NRB had decided to waive the charges temporarily during the transition period of lockdown. And, now, as per the integrated circular by the department of the payment system of NRB, the charges have been waived permanently.

Any individual holding the ATM card of a bank and financial institution can now withdraw money from any be it their respective or other Bank and Financial Institution without any charges. However, the charges may apply for international transactions.

Similarly, the users should be notified 15 days prior to the expiry of their ATM cards via text message along with the info about the renewal fees, said NRB. Also, a customer is not allowed to have multiple cards of the same Bank and Financial Institution.

 

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