It has been lifted the ban on the importation of peas, black pepper, and betel nut.

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According to a statement issued by the Rastra Bank (NRB) on Friday, the ban on the import of peas, black pepper, and betel nut has been lifted.

Furthermore, according to the bank, the ban on the import of vehicles valued at more than US$ 50,000 has been lifted, and the central bank will provide foreign exchange services in accordance with the new regulations. The National Reserve Board’s Foreign Exchange Management Department has amended the Unified Circular 2020 to state that the ban on foreign exchange has been lifted with immediate effect.

Ramu Poudel, the executive director of the National Reserve Bank, announced that the total ban on the import of peas imposed by the central bank has been lifted, with the total amount of peas imported in the current fiscal year not exceeding 80,000 metric tons, according to Poudel. Additionally, the ban on the import of betel nuts has been lifted, and a total of 25,000 metric tons can be imported for the remainder of the fiscal year currently in effect.

In addition, the ban on the import of dates for the current fiscal year has been lifted, making it possible to import up to 50,000 metric tons of dates for the current fiscal year. The National Reserve Board has also stated that a foreign exchange facility will be available. The Seed Act of 1988 stipulates that only seeds that have been listed and registered in may be sold and distributed in the country.

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