Industrial Regulatory Regime
The governing law on the nation 'Constitution of Nepal (2072)', has mention to give priority in development and expansion of industries within the country, and diversification of product and services through the export promotion. The constitution provisioned to protect domestic industries and prioritize the use of local resources and labor, local investment for the national economic development.
Along with the constitution, these are some other legal frameworks that depicts industrial law and policy in Nepal:
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Constitution of Nepal |
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Industrial Policies |
Source |
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Foreign Direct Investment Policy 2071 (BS) |
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National Minerals Policy 2074 (BS) |
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PPP Policy 2015 (AD) |
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Trade Policy 2015 |
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Commerce Policy 2072 |
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Supplies Policy, 2069 |
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Industrial Policy, 2067 |
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Acts Administering Industries in Nepal |
Source |
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Act Restriction Investment Abroad 2021 |
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Income Tax Act, 2058 (2002) |
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Value Added Tax Act 2052 |
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Insolvency Act 2063 |
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Excise Duty Act, 2058 |
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Money Laundrying Prevention Act, 2064 |
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Insolvency Act 2063 |
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Standard Measurement and Weights Act, 2025 |
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Nepal Standards Act, 2037 |
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Patent Design and Trademark Act, 2022 |
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Copyright Act, 2059 |
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Mines & Minerals Act 2042 (BS) |
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Forest Act 2076 |
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Environmental Protection Act 2076 |
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Land Related Act 2021 |
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Private Public Partnership and Investment Act, 2075 |
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Private Firm Registration Act 2014 |
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Industrial Enterprise Act 2076 |
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Special Economic Zone (SEZ) Act 2073 |
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Labour Act 2074 |
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Companies Act 2063, |
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Consumer Protection Act 2075 |
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Partnership Act 2020 (BS) |
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Foreign Investment and Technology Transfer Act, 2019 (2075) |
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Non Resident Nepali Act 2064 |
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Export and Import (Control) 2013 |
Overview of Industrial Regulatory Regime in Nepal
This is still a non-exhaustive list but helps demonstrate that the regulatory environment for industries is excessively complex due to the presence of large number of statutory laws and related policies.
