Saturday, June 28, 2025
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Bhutan to receive Excise Duty Refund of Nu 4bn for 2016

January 24, 2018
in Uncategorized
Reading Time: 1 min read
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The Government of India (GoI) has agreed to refund Bhutan an excise duty of Nu 4bn, for 2016.

On behalf of the Indian Government, Directorate General Performance Management (DGPM) signed an agreement with the Department of Revenue and Customs yesterday to refund a little over Nu 4bn Excise Duty. The refund of excise duty has increased by over Nu 1bn compared to 2015. This is mainly attributed to increase in imports such as petroleum products and motor vehicles from India. For 2015, the country received a refund of Nu 2.9bn.

As per the Annual Trade Statistics, in 2016, Bhutan imported goods worth of Nu 55bn from India. The country spent roughly Nu 5.8bn on import of diesel and other petroleum products; and ngultrum Nu 5.5bn on purchasing passenger cars and motor vehicle for transport of goods.

The increase in the Excise Duty refund is also due to the improved recording of imports data and maintenance of documents as desired by the Indian Government.

However, the increase in excise duty refund to Bhutan is projected to slump in coming years due to introduction of Goods and Services Tax (GST) in July last year by the Indian Government.

Meanwhile, GoI expects to release the agreed amount of Nu 4bn Excise Duty Refund before June this year.  The Government of India refunds the Excise Duty annually in line with  the Bilateral Trade and Transit Agreement.

Previous Post

Drukair halts domestic flight operations for time being

Next Post

Taras, Delinquents take away winners trophy of Pepsi B-league Basketball Championship

Next Post
Taras, Delinquents take away winners trophy of Pepsi B-league Basketball Championship

Taras, Delinquents take away winners trophy of Pepsi B-league Basketball Championship

New Guen Zhug Neten of Zhung Dratshang appointed

New Guen Zhug Neten of Zhung Dratshang appointed

Bumthang to have new DT hall by June this year

Bumthang to have new DT hall by June this year

Please login to join discussion

RECOMMENDED NEWS

Two Bhutanese win Open Amateur Golf Championship

Two Bhutanese win Open Amateur Golf Championship

9 years ago
0
Yonphula airport will operate by October next year

Yonphula airport will operate by October next year

10 years ago
1

Bhutanese bus collides head-on with a local truck at Berpeta Assam

5 years ago
4
Country’s first-ever heart centre opens at JDWNRH in Thimphu

Country’s first-ever heart centre opens at JDWNRH in Thimphu

2 years ago
53

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (439)
  • Announcement (179)
  • Audience Survey Report (1)
  • Business (759)
  • Crime/Legal (370)
  • Culture (48)
  • Development (57)
  • Disaster (57)
  • Economy (289)
  • Education (419)
  • Entertainment (16)
  • Environment (66)
  • Feature (65)
  • Featured (6)
  • Festival (81)
  • GMC (14)
  • Headlines (6)
  • Health (630)
  • Legal (53)
  • Literature (9)
  • Livestock (76)
  • Media (26)
  • Other Stories (5,687)
  • Politics (419)
  • RCSC (1)
  • Recent stories (6)
  • Religion (45)
  • Sci/Tech (713)
  • Social (548)
  • Sports (456)
  • Technology (191)
  • Tourism (22)
  • Uncategorized (13,868)
  • Video (141)
  • Video Story (257)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
  • Post-mortem confirms foul play: Progress in investigation of 24-year-old woman’s death

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • NDI hackathon sparks innovative apps for public use
  • Lead exposure may be contributing to high anaemia levels among children in Bhutan
  • MoIT imposes moratorium on issuance of taxi driving licence
  • Book on temples and monasteries of Trongsa’s Drakteng wins Dzongkha Booker Prize
  • Shumar Cheden Tshephel Detshen becomes self-reliant with own milk processing unit

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.