Kathmandu, Jan. 23 -- Car dealers see a rough road ahead even though the central bank has made life easier by cancelling the margin amount provision.

This provision requires importers to keep 100 percent margin amount to open a letter of credit (LC), and is widely disliked by the automobile sector which blames it for wrecking their business.

Nepal Rastra Bank lifted the margin requirement, which has been around for 14 months, on January 19 while a seven-month-long import ban on several items ended two months ago.

Dhruba Thapa, president of the Nepal Automobile Dealers Association, praised the end of the margin requirement saying it was good news for the automobile sector.

"Bank interest is also falling, and this should boost market co...