FNCCI, CNI dissatisfied with govt’s rule 

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Aug. 20, 2010, 5:45 p.m. Published in Magazine Issue: Vol.:4 No.-06 August 20- September 02,2010(Bhadra-04,2067)
Both Federation of Nepalese Chamber of Commerce and Industry (FNCCI) and Confederation of Nepalese Industries (CNI) have expressed dissatisfaction over the proposed rule of procedure finalized by the government regarding the issuance of Certificate of Origin (CoO). Following the dispute between FNCCI and CNI over the CoO issuance process, the government had proposed the new rule. The FNCCI has expressed dissatisfaction over the government’s ‘attempts to recognize’ CNI on par with FNCCI. The Ministry of Commerce and Supplies has proposed setting up a separate board to issue the certificate. The FNCCI is unhappy over its structure and method of distribution of resources. As per the proposed rule, the traders need to receive a certificate in the name of FNCCI. The CNI has opposed this provision saying that such a provision must be time-bound.
 

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