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Cabinet approves customs bill that proposes customs exemption for import of raw material

KATHMANDU, Oct 7: The Council of Ministers has approved a new customs bill, currently in the process of being registered in parliament, that allows export industries to import industrial raw materials without paying customs duty. ....

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New Customs Bill tabled in Parliament

New Customs Bill tabled in Parliament
MASERU-A new Customs and Excise Bill which is meant to ease collection of taxes at the borders was tabled in Parliament this week.
The chairman of the Parliamentary economy cluster, Mahooana Khati, who is the MP for Quthing, said while the new law will help make the Lesotho Revenue Authority (LRA)’s job easy at the border, it will also “help businessmen import and export easily”.
The Bill was sent to parliament during the 2018/2019 fiscal year but the cluster has only just finished deliberating on it.
Khati said the Bill, once enacted into law, will make it easier for people to clear their goods. This will stop congestion at the borders. ....

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