The government has brought Internet-based vehicle and consignment tracking system (VCTS) into implementation from today to track all parties involved in business activities, ranging from importers to consumers.
Finance Minister Dr Yuba Raj Khatiwada inaugurating the modern system amid a ceremony in Kathmandu today, said that the system, which will also be linked with the customs, all transportation companies, importers or entrepreneurs must have to make entry of their goods and consignments in a centralised website before transportation of goods from one destination to another inside the country with the enforcement of the tracking system. “The digital measure is aimed at combating revenue leakage,” he said, adding that the Internet-based entry will be required only for wholesale entrepreneurs.
According to Department of Revenue Investigation (DoRI) – with the implementation of the tracking system – importers and entrepreneurs will be able to get real-time update of the movement of their consignments. “The tracking system will ensure greater transparency in import business, check smuggling of goods and discourage the use of fake Value Added Tax (VAT) bill,” the department said, adding that the department will remove its all 10 check-posts across the country after the implementation of the new system.
The private sector leaders, however, said that they need some time for adaptation to the new system, though the VCTS is beneficial for truckers and entrepreneurs as it will end the hassles emanating from manual checking of documents during transportation. “Since Nepal does not have a reliable Internet system yet, the immediate and full-fledged implementation is doubtful,” the private sector said, urging the government to roll out the system in a gradual way.
However, the government has made the system mandatory. The department has warned that it will fine up to Rs 50,000 for those who violate the provision of mandatory entry of consignments in the website after three months of the new system coming into operation. However, the second time offender of the rule will face a fine of up to Rs 100,000.
Finance Minister Dr Yuba Raj Khatiwada inaugurating the modern system amid a ceremony in Kathmandu today, said that the system, which will also be linked with the customs, all transportation companies, importers or entrepreneurs must have to make entry of their goods and consignments in a centralised website before transportation of goods from one destination to another inside the country with the enforcement of the tracking system. “The digital measure is aimed at combating revenue leakage,” he said, adding that the Internet-based entry will be required only for wholesale entrepreneurs.
According to Department of Revenue Investigation (DoRI) – with the implementation of the tracking system – importers and entrepreneurs will be able to get real-time update of the movement of their consignments. “The tracking system will ensure greater transparency in import business, check smuggling of goods and discourage the use of fake Value Added Tax (VAT) bill,” the department said, adding that the department will remove its all 10 check-posts across the country after the implementation of the new system.
The private sector leaders, however, said that they need some time for adaptation to the new system, though the VCTS is beneficial for truckers and entrepreneurs as it will end the hassles emanating from manual checking of documents during transportation. “Since Nepal does not have a reliable Internet system yet, the immediate and full-fledged implementation is doubtful,” the private sector said, urging the government to roll out the system in a gradual way.
However, the government has made the system mandatory. The department has warned that it will fine up to Rs 50,000 for those who violate the provision of mandatory entry of consignments in the website after three months of the new system coming into operation. However, the second time offender of the rule will face a fine of up to Rs 100,000.
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