Earlier, juice, cardamom, textiles, and jute were the major export commodities at a time when trade of major export items to India has been declining following the enforcement of goods and services tax (GST) in the Southern neighbour, new products in Nepal have emerged as top export items, per the data of ending months of 2074 BS.
India – However, export of these products had been less than encouraging in the ending months of 2074. After India has reviewed tariff structure in the new tax regime and introduced integrated GST, consolidating state level tariff and central government’s tax on imports, export to India had become costlier for Nepal.
At that time, export of cattle feed had increased substantially and emerged as one of the top export items to India. The country exported cattle feed worth Rs 2.41 billion in the earlier months of 2074/75.
Industries manufacturing cattle feed had been stating that items including oil cakes were being exported to India under the category of cattle feed.
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