As per the commitment made by the seven party alliance during the pro-democracy movement of the country, the government has exempted late fees and extended deadlines for payment of taxes and interest for the period starting from April 6 to April 24.

According to finance minister Dr Ram Sharan Mahat , the government has extended the deadlines for submission of details and revenues for VAT, income tax and excise duty for the period of Jana andolan-II (April 6 to 24) till June 8.

Disclosing important notice of public concern at the parliament on Monday, Finance Minister Mahat said that the government would not take demurrage charges on consignments that entered dry ports and customs parking spaces and remained stranded thereduring the strike period.

“No charges will be levied on those stranded consignments till June 8,” said Mahat, adding that demurrage would, however, be charged if the traders failed to clear the items by June 8.

Responding to the request of Nepal Bankers’ Association, the government has also slashed the compound interests to be paid during the period.

The payment deadline of interests — to be paid by the end of Chaitra and Ashad 2063 — has been extended by 90 days and 30 days respectively.

Following the reinstatement of the parliament, the government had made announcement to provide relief to the business community as well as individuals by extending the repayment duration and slashing late fees.