: The following expenses shall not be included in petroleum expenses :
(a) Expenses that are not directly related to petroleum operations in the contract area according to this agreement.
(b) Expenditures incurred without limitation of petroleum expenditure mentioned in section 38.
(c) Income tax or penalty paid in Nepal or abroad.
(d) Expenses for sale of petroleum outside Nepal and transportation, storage, handling and export expenses of petroleum outside the export center of Nepal.
(e) Expenses incurred but not mentioned in the statement of petroleum expenditure under section 47 or in the subsequent quarterly statement or in the annual statement of petroleum expenditure of the relevant year.
(f) Losses arising out of contracts of insurance or defense.
(g) Personal expenses, gift or donation.
(h) Expenditure incurred before the applicable date.
(i) Interest, fees and commissions on loans and sureties.
(j) Foreign Exchange Loss.
(k) Bonus paid to Government of Nepal.
(l) …………….. .