Nepal’s big bet to increase tourism, former Finance Minister demanded removal of tax on gold jewelery

Nepal’s former finance minister Surendra Pandey on Sunday urged the Prime Minister Balendra Shah-led government to exempt Indian citizens from tax on gold jewelery and stressed the potential of the Himalayan country to become a wedding destination. At an event in Kathmandu, Surendra Pandey said that the government should do minimum interference and let the market function freely. He stressed that strict rules and regulations will not help Nepal’s economy to flourish.

Surendra Pandey stressed the potential of promoting Nepal as a wedding destination and said this requires exempting gold jewelery from tax for Indian visitors to the country. He also urged to make entry of Indian vehicles into Nepal seamless to promote tourism.

What did Surendra Pandey suggest?

In an event organized in Kathmandu, former Finance Minister Surendra Pandey said that the Nepal government should give more freedom to the market and avoid imposing excessive rules and regulations. He said that too strict rules can weaken the economy. Referring to Indian citizens, Surendra Pandey said that there is a huge potential to promote Nepal as a wedding destination. However, for this, tax exemption will have to be given on gold jewelery worn by Indians.

Rules on gold jewelery in Nepal

According to the information, currently foreign travelers coming to Nepal by air are allowed to bring up to 50 grams of gold jewelery and up to 100 grams of silver jewelery without customs duty. However, there is a condition that they should be taken back after the completion of the journey. According to the Indian Embassy, ​​this exemption is applicable only for personal use.

Suggestions given to increase tourism

Communist Party leader Surendra Pandey has also advised the government to prepare big tourism packages for tourists coming from India and China. He said that Nepal should make its strategy keeping in mind the crores of people of both the countries. Along with this, he also demanded to make it easier for Indian vehicles to enter Nepal. He believes that this will bring more Indian tourists to Nepal.