Online submission of industrial details in place

Online submission of industrial details in place

Kathmandu –The big, medium and small-scale industries being operated in the country now are required to submit industrial details through online mechanism.

Online submission of industrial details in place
Online submission of industrial details in place

Online submission of industrial details in place. Following the discussion with the service recipients, the Department of Industry has put forward the idea of online submission of industrial information.

With the online system in place, the industries have to submit the details including annual turnover and profit and loss in the stipulated formats.

An online mechanism has been introduced in the industrial world in Nepal where an online submission of the industrial details can be done by industries.

Department of Industry initiated the idea of online submission as per the conclusion from the discussion with the service recipients. Online submission of industrial details in place. According to Durga Prasad Bhusal, Spokesperson from the department, the online submission of details will be accessible to the Central Bureau of Statistics as while submission the annual turnover, profit and loss should also be updated in the stipulated formats. The statistics will be a great help as a chart will be easier to project and then form the future strategy on industry front.

In line with the provision of the Industrial Business Act-2073 BS that the industries registered are obliged to make online submission of their annual transactions, the Department has urged the concerned users to apply the new system.

Department’s Spokesperson Durga Prasad Bhusal said, “The online submissions of industrial details will be available to the Central Bureau of Statistics which will be helpful to chart out future strategy on industry front”. The Industrial Business Act-2073 BS will be amended to make a provision to make an obligation to make registration of online submission of the industries and their annual transactions. This provision will be urging industries and concern users for application of the new system. Otherwise, the department will penalize the industry for not abiding by the new provision.

The Department has also specified a provision of penalizing industries for not abiding by the new practice.

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