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Notification on Tender Document (6-July-2016)

The Ministry of Finance is pleased to notify that all the budgetary agencies to make tender document available free of cost if published through website.

This notification is issued for strictly compliance and shall come into effect from 1st July 2016.

Original Notification -> download

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Signing of Excise Duty Refund for the Year 2015 (30-June-2016)

PRESS RELEASE

A delegation led by Mr. Mahender Singh, Director General of Directorate General of Performance Management, (Customs and Central Excise), Government of India (GoI) visited Bhutan for verification and quantification of the Excise Duty Refund claim of RGoB for the year 2015 from 19th to 30th June 2016. The meeting between the delegates of RGoB and GoI was held on 29th June 2016 to discuss and finalize the Excise Duty Refund. The Bhutanese delegation was led by Mr. Yonten Namgyel, Director, Department of Revenue and Customs. The total excise duty refund agreed for the year 2015 is Nu. 2,916,923,214 (Two Thousand Nine Hundred Sixteen Million, Nine Hundred Twenty Thousand, Two Hundred Fourteen) only.
EDR2005
The refund amount of excise duty for the year 2015 has increased by Nu. 973 million as compared to Excise Duty Refund for 2014. The increase is attributed to the improved recording system of the Department of Revenue and Customs and due to maintenance of documents in a manner desired by the GoI delegates. The increase in the excise duty refund is due to the increase in the import of HSD and MS petrol. The import of HSD and MS Petrol from India has increased by 4551.6 KL and 2364.40 KL respectively. The Excise duty has increased by 534.3 million as compared to 2014 ED claim.
Further the import of vehicles has increased by 4156 vehicles as compared to imports for 2014 from 2919 to 7075 in 2015. The increase in import has attributed to the increase of Excise duty by 348.8 million from 112 million in 2014 to 460.8 million in 2015.

Although most of the commodities are subject to levy of excise duty in India, there are specific exemptions issued by way of notifications by GoI on goods of special interests (petroleum products, metallic waste products, food items, tools, spares and accessories, medicine and medical equipments) etc. Furthermore, since imports made by Hydro Power Projects in Bhutan are exempted from excise duty at source, no excise duty refund claims are made for imports made by these projects.

Apart from the above issue, other issues of mutual interests were also discussed. The GoI delegation called on the Hon’ble Prime Minister and Hon’ble Finance Minister on 27th June 2016.

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Vacancy Announcement for CEO, REDCL (23-May-2016)

The Rural Enterprise Development Corporation Limited is pleased to invite application from the eligible Bhutanese for the position of Chief Executive Officer. The application along with the following documents should be submitted to Public Enterprise Division, Ministry of Finance, Tashichho Dzong on or before 1st June 2016, during office hours:

1. Resume
2. Copies of Academic Transcripts
3. Copy of the Citizenship Identity Card
4. Valid Security Clearance
5. No objection certificate from the parent organization, if employed
6. Name, address and phone number of minimum of 3 professional references (one of which should be current or former employer).

Term of Reference for CEO download

Application along with the copies of documents must be submitted in a sealed envelope clearly marked as “application for the position of Chief Executive Officer, Rural Enterprise Development Corporation Limited” on the envelope. Only shortlisted candidates will be contacted for the interview and the original documents should be produced during the interview.

The Board of Directors of the Rural Enterprise Development Corporation Limited reserves the right to reject all or any applicant. For further details, you may contact Public Enterprise Division, Ministry of Finance Tashichho Dzong at 322271 during office hours.

(Chairman)
Rural Enterprise Development Corporation Limited

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Announcement for Shortlisted candidates for Royal Bhutan Lottery Limited (19-May-2016)

The list of candidates short listed for all the vacancies for Royal Bhutan Lottery Limited are uploaded here in the MoF web. All the short listed candidates for the various posts are invited for selection interview on 26th & 27th May 2016 at OSEL Hotel, Phenday Lam, Thimphu.

The names of the short listed candidates for each post are listed down with their CID numbers. Your date of interview is also mentioned against your list. The interview shall be held in the following sequence.

1st day 26th May 2016 (Thursday)
1). Marketing Manager,
2). IT Manager,
3). Adm and Finance Manager &
4). Adm Officer

2nd day 27th May 2016 (Friday)
5). Finance Officer,
6). Adm Assistant,
7). Personal Assistant &
8). Driver

Please check the interview dates for the post you are short listed and come only on your interview day.

Shortlisted candidates for Royal Bhutan Lottery Limited download

Note: None of the applicants who applied for the post of Sr. legal officer met the experience requirement for the post and therefore, there will be no selection interview for Sr. Legal Officer.

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