Administrative Law Attorney

Nepal New Law 2023 is a term that refers to the changes and amendments made to the existing laws and regulations by the government of Nepal for the fiscal year 2023/24 (2080/81). The new law 2023 is announced through the Finance Bill, which is presented by the finance minister along with the annual budget. The new law 2023 may also include other bills that are passed by the parliament or enacted by the president during the fiscal year.

The Maximum Retail Price (MRP) is the highest price at which a product can be sold, including all taxes and fees, set by the manufacturer. MRP protects consumers by limiting overpricing and ensuring transparency in retail markets. This system promotes fair trade, consistency in pricing, and prevents exploitation, especially in regions with limited competition. In Nepal, MRP is enforced under the Consumer Protection Act, 2018, to safeguard consumers from price exploitation and maintain equity in pricing across different areas. Businesses benefit from consistent pricing, while consumers gain assurance that they are not overcharged.