The government’s investigation into the import of electric vehicles (EVs) through Nepal’s northern customs points has concluded that vehicles imported through Mustang complied with customs procedures, while irregularities were identified in the customs clearance process at Rasuwa.

According to a statement issued by the Department of Customs on Friday, the monitoring team deployed at Mustang Customs Office concluded that 649 electric vehicles had entered Nepal in accordance with existing laws and procedures. These vehicles had entered the country on Jestha 14.

Department spokesperson Kishor Bartaula stated that after detailed examination and analysis of official records and CCTV footage, the team confirmed that all vehicles had physically entered Nepal within Jestha 14 and completed customs clearance legally within the required timeline.

However, the inspection team assigned to Rasuwa Customs Office identified shortcomings during the customs clearance process for imported electric vehicles. According to the findings, customs officials did not demonstrate sufficient caution and failed to adequately fulfill their official responsibilities.

During field verification and examination of customs declarations and office records, investigators found irregularities indicating that some vehicles appeared to have been cleared based solely on submitted documentation before physically arriving at the customs checkpoint.

Following these findings, the Ministry of Finance and the Department of Customs had already suspended 13 officials, including the then head of Rasuwa Customs Office, and initiated departmental action against them.

The Department also stated that customs clearance representatives and related importing entities — including Laxmi eMobility Pvt. Ltd., Syakar Trading Company Pvt. Ltd., CG Motors Pvt. Ltd., Pooja International Pvt. Ltd., and customs agents numbered 833 and 478 — have been referred to Rasuwa Customs Office for action under prevailing customs laws.

The case has drawn attention to customs governance and compliance practices surrounding large-scale electric vehicle imports, with authorities emphasizing stricter monitoring and accountability in customs administration.

Latest Business, Economy, Banking & Market News

Growing U.S. Investment Interest Draws Attention In Nepal

Increasing investment interest from the United States is drawing attention in Nepal as businesses and policymakers explore opportunities for capital inflows and economic partnerships.

🔗 https://financeinyourhand.com/growing-u-s-investment-interest-draws-attention-in-nepal/


Nepal Targets 5,335 MW Installed Electricity Capacity

Nepal aims to achieve 5,335 MW of installed electricity generation capacity during the next fiscal year to support rising energy demand and exports.

🔗 https://financeinyourhand.com/nepal-targets-5335-mw-installed-electricity-capacity-in-the-next-fiscal-year/


Commercial Banks Publish New Fixed Deposit Rates For Ashad

Commercial banks across Nepal have released updated fixed deposit interest rates for Ashad.

🔗 https://financeinyourhand.com/commercial-banks-publish-new-fixed-deposit-rates-for-ashad/


Kia Nepal Launches The New K3 Seltos

Official Website:
https://www.kia.com

News:
https://financeinyourhand.com/kia-nepal-launches-all-new-k3-seltos-with-advanced-safety-and-premium-features/


Nepal Foreign Minister Begins Official China Visit

Nepal’s Foreign Minister started a four-day official visit to China.

🔗 https://financeinyourhand.com/nepal-foreign-minister-begins-four-day-official-visit-to-china-to-strengthen-bilateral-cooperation/


Gold And Silver Prices Move Higher In Nepal

Gold and silver prices recorded gains in Nepal.

🔗 https://financeinyourhand.com/gold-and-silver-prices-edge-higher-in-nepal/


Scotland Ends 36-Year Wait In 2026 FIFA World Cup

Qualification action saw Scotland secure a narrow win.

🔗 https://financeinyourhand.com/2026-fifa-world-cup-scotland-ends-36-year-wait-with-narrow-win-over-haiti/


Bhujung Hydropower Holds 4th AGM

The company elected a new board and approved future plans.

🔗 https://financeinyourhand.com/bhujung-hydropower-holds-4th-agm-elects-new-board-and-approves-future-plans/


Securities Investigation Case Filed

Authorities filed a case involving 81 individuals.

🔗 https://financeinyourhand.com/case-filed-against-81-individuals-including-himalayan-reinsurance-ceo-over-alleged-securities-market-manipulation/


Nepal Reinsurance Reports Quarterly Loss

🔗 https://financeinyourhand.com/nepal-reinsurance-reports-rs-7-98-billion-loss-in-second-quarter-of-fy-2082-83/


Nepal Credit Investment Expands

🔗 https://financeinyourhand.com/nepals-credit-investment-expands-by-rs-359-billion-in-first-10-months-of-current-fiscal-year/


Kumari Bank Launches Digital Loan Service

Official Website:
https://www.kumaribank.com

News:
https://financeinyourhand.com/kumari-bank-launches-nepals-first-real-time-erp-integrated-digital-loan-service-for-smes/


Hydropower Dominance Raises Questions

🔗 https://financeinyourhand.com/nepals-growing-hydropower-dominance-in-the-stock-market-raises-structural-questions-for-investors/


Nepal Bank Lending Reaches Rs. 58.89 Trillion

🔗 https://financeinyourhand.com/nepals-bank-lending-reaches-rs-58-89-trillion-in-first-10-months-construction-and-consumption-lead-growth/


NEPSE Extends Decline Despite Higher Turnover

🔗 https://financeinyourhand.com/nepse-ends-lower-for-second-straight-session-turnover-climbs-above-rs-4-34-billion/


Finance Minister On Capital Spending

🔗 https://financeinyourhand.com/finance-minister-swarnim-wagle-says-budget-designed-to-accelerate-capital-expenditure/


NEPSE Index Falls Slightly

🔗 https://financeinyourhand.com/nepse-index-falls-slightly-but-turnover-rises-on-friday/


SpaceX Raises $75 Billion

Official Website:
https://www.spacex.com

News:
https://financeinyourhand.com/spacex-raises-75-billion-ahead-of-landmark-stock-market-listing/


Rastriya Banijya Bank Introduces Online Collateral System

Official Website:
https://www.rbb.com.np

News:
https://financeinyourhand.com/rastriya-banijya-bank-introduces-online-collateral-freeze-and-release-system/


Wealth Orbit Center

Homepage:
https://wealthorbitcenter.com/

Global News:
https://wealthorbitcenter.com/category/global-news/

Nepal Stock News:
https://wealthorbitcenter.com/category/nepal-stock-news/

Crypto Screener:
https://wealthorbitcenter.com/live-crypto-currency-price-and-chart-screener/

Forex Screener:
https://wealthorbitcenter.com/forex-currency-scrrener-today/

Leave a Reply

Your email address will not be published. Required fields are marked *