Kathmandu, 19 June: The Nepal Oil Corporation (NOC) has collected Rs 32.2 billion in infrastructure tax for the construction of 1,200-megawatt hydropower project, although no decision has been made about which modality it would be made.
The amount was collected as of 31 May this year. NOC has been levying infrastructure tax Rs 5 per litre on petroleum products at the custom point. It’s been three years since the state-owned petroleum products supplier has been taxing on the petroleum products entering Nepal from India to contribute in internal resources for construction of national pride projects with domestic funding.
According to NOC, it had levied tax on petroleum products to collect money in the name of Budhi-Gandaki hydro power project and later changed the name as infrastructure tax. The collected tax has been deposited in the state’s coffee since the beginning.
People’s News Monitoring Service