Finance Minister directs to print excise stickers in Nepal

Finance Minister directs to print excise stickers in Nepal

Kathmandu, January 14

Finance Minister Janardan Sharma has directed to make safe printing of excise stickers in Nepal.

While inspecting the security printing press being connected to the IT park at Panauti in Kavre on Thursday, he directed the security printing center to provide the required stickers to the finance ministry immediately. ”We need about 3 billion peace stickers. How many such machines are needed to print that sticker, I request you to bring it immediately and connect it, ‘said Minister Sharma,’ at least provide the required sticker to the Ministry of Finance. ‘

He directed the ministry to make arrangements to print the required number of stickers within a period of one year. He said that the state-of-the-art machine that is being connected has given him information to print all kinds of printing except notes, adding that it has a large market. He says that it can get jobs in various sectors including banking, transportation and land revenue.

Stating that he saw only profit in the security printing press, Minister Sharma said that the
government would not hesitate to invest in it. ”Because I can do very big business, investing in it is for profit,” he said. ”I didn’t see any losses here. I don’t think the government should be reluctant to invest in a for-profit country. ”

He said that safe stickers should be printed in Nepal which would not be stolen under any
circumstances and counterfeit stickers should not be made. He is confident that Surakshan
Printing Center will fulfill the demand. He hopes that this will help control the revenue leakage of billions. ”It simply came to our notice then. At present, the ministry is collecting revenue of around one trillion rupees from excise stickers, ”he said, adding that such stickers also help in maintaining good governance.

Currently, sticker printing is being done by Janak Education Materials Center. According to
Shobha Kant Poudel, Director General of the Inland Revenue Department, Janak Shiksha has been printing stickers for around Rs 220 million for the last two years. Earlier, stickers were being printed through ‘Global Tender’.

 

By Karuna Thapa

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