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BYD’s Nepali distributor Cimex Inc faces allegations of Tax Evasion in electric car imports

KATHMANDU: In a startling turn of events, Cimex Inc. Pvt. Ltd., the official Nepali distributor of Chinese automaker BYD Auto, is now under investigation for alleged tax evasion in Nepal. The Department of Customs (DoC) has notified Cimex Inc. that it has reportedly evaded over 11.5 million rupees in...

BYD’s Nepali distributor Cimex Inc faces allegations of Tax Evasion in electric car imports
Dahal, Deuba and Oli under fire for manipulating TRC Bill ‘to conceal industrial default on electricity dues’

Dahal, Deuba and Oli under fire for manipulating TRC Bill ‘to conceal industrial default on electricity dues’

NEA takes action against industries for unpaid dedicated line dues, power disruptions continue for three days

NEA takes action against industries for unpaid dedicated line dues, power disruptions continue for three days

Foreign assistance projects under scrutiny: Ministry of Finance to assess slow progress

Foreign assistance projects under scrutiny: Ministry of Finance to assess slow progress

Inaruwa substation inaugurated: A crucial milestone in Nepal’s electricity transmission and distribution system

Inaruwa substation inaugurated: A crucial milestone in Nepal’s electricity transmission and distribution system

Romania offers 20,000 employment opportunities for Nepali workers in 2024

Romania offers 20,000 employment opportunities for Nepali workers in 2024

National Planning Commission aims for early budget preparation to enhance implementation

National Planning Commission aims for early budget preparation to enhance implementation

Nepal Government takes steps to regulate social media with new draft legislation

Nepal Government takes steps to regulate social media with new draft legislation

IRD Expands central billing monitoring system mandate for high-turnover businesses

IRD Expands central billing monitoring system mandate for high-turnover businesses

Nepal Foreign Trade Association advocates business-friendly tax reforms

Nepal Foreign Trade Association advocates business-friendly tax reforms

Ncell submits documents amidst license revocation threat

Ncell submits documents amidst license revocation threat

Nepal embraces Bangladesh’s proposal for tripartite energy cooperation with India

Nepal embraces Bangladesh’s proposal for tripartite energy cooperation with India

Bhutan graduates from least developed country status

Bhutan graduates from least developed country status

Liquidity surplus looms as business confidence in lower interest rates post-December stalls loan demands

Liquidity surplus looms as business confidence in lower interest rates post-December stalls loan demands

Supreme Court summons discussion on Ncell sale, Issues show cause order

Supreme Court summons discussion on Ncell sale, Issues show cause order

National Flag Carrier NAC under scrutiny for alarming negligence in air safety

National Flag Carrier NAC under scrutiny for alarming negligence in air safety

Nepali banks show resilience amid economic challenges: first quarter profits unveiled

Nepali banks show resilience amid economic challenges: first quarter profits unveiled

Govt releases Rs 1 billion for temporary housing construction in quake-hit districts

Govt releases Rs 1 billion for temporary housing construction in quake-hit districts

Parliament’s Foreign Relations Committee summons NAC officials for action plan discussion

Parliament’s Foreign Relations Committee summons NAC officials for action plan discussion

Foreign investors repatriate Rs 11 billion in dividends and royalties from Nepal

Foreign investors repatriate Rs 11 billion in dividends and royalties from Nepal

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Microsoft to invest $17.5 billion in India to boost AI and cloud infrastructure

Microsoft to invest $17.5 billion in India to boost AI and cloud infrastructure

Trump administration orders sweeping immigration review following national guard shooting incident

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Ousted leader Sheikh Hasina gets death sentence over protest violence; Terror and political fallout loom

Ousted leader Sheikh Hasina gets death sentence over protest violence; Terror and political fallout loom

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China moves to ban influencers without degrees from commenting on finance, health, law and education

Trump-Xi summit in South Korea yields major breakthrough on tariffs and trade framework

Trump-Xi summit in South Korea yields major breakthrough on tariffs and trade framework

Nepal targets 15,000 MW renewable power export by 2035, Minister Ghising calls for South Asian regional energy integration

Nepal targets 15,000 MW renewable power export by 2035, Minister Ghising calls for South Asian regional energy integration

Fusemachines on Nasdaq, Marking a major leap in Global AI Innovation

Fusemachines on Nasdaq, Marking a major leap in Global AI Innovation

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