Kathmandu. The government has revised the limit on the import of silver. As per the new provision, the industrialists and businessmen will be allowed to import silver only once a month.
According to the new provision, gold and silver industries can get exchange facility of up to USD 20 million while importing silver as an industrial raw material. Similarly, other silver traders can import silver up to USD 4 lakh.
Earlier, the payment limit on silver imports was very low. Under the old system, industries were allowed to import silver up to $500,000 per time and other businesses could only import up to $100,000.
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