Goods that are allowed to be imported from NRB and Nepal Government can be imported from any country through
LC is an undertaking/guaranteeing from issuing bank on behalf of customer to pay to the beneficiary's bank upon receipt of compliant documents as per terms and conditions mentioned in LC.
No. Goods allowed by NRB- Foreign Unified Circular can only be imported.
Yes. Some goods are fully restricted. Some have quantitative restrictions and some requires pre-approval. These are prescribed by NRB- Foreign Unified Circular and Import-Export Act 2013 BS. Our Trade Team shall guide you on this (if required).
No. Goods that mentioned in NRB- Foreign Unified Circular are only allowed to import in USD from India.
Trading firms are not allowed to import second hand goods. However, manufacturing industries can import second hand goods for which manufacturing date should be within 5 years.
No. INR payment is allowed only in India.
Following Documents shall be required to issue a LC as prescribed by regulatory body (Nepal Rastra Bank from time to time):
You can submit the LC application to any of our branch near to you. We also entertain scanned application via email.
We issue LC at instant (within a day) provided that required documents are compliant and fulfilled.
You can amend the LC provided that all the parties- importer, issuing bank, exporter and exporter's bank agrees to it.
Once the letter of credit is issued your fee cannot be refunded. We recommend to all of our clients that they need to assure themselves of their suppliers' ability to perform before opening any banking instruments to them.
You can cancel LC with cancellations charges only if we receive consent from all parties involved in LC.
Yes. Trust Receipt Loan facilities can be availed for LC Payment. Our Credit Department will assist on this. NPR TR facility can be availed maximum for 120 days and Foreign Currency TR Loan can be availed maximum for 180 days (forex TR is available only for sight LC and only for industries). The duration may change as prescribed by NRB from time to time.
No. Letter of Credit (LC) deal with documents and not with goods, services and/or other performances. (Refer UCPDC Article No 5.)
Yes. The banks deal with documents not goods and will not physically confirm the content of shipment.
Importer must mandatorily submit the Pragyapanpatra/ Bi.Bi. Ni 4 and Tax receipt as soon as goods are released from custom office.