Rule 9
Approved Payment System To Be Adopted:
9. Approved Payment System to be Adopted:
(1) The person, firm or enterprise holding license issued under the prevailing laws, may be allowed to import the
substance only in accordance with the approved payment system by the Nepal Rastra Bank (Central Bank). For this purpose, the concerned license holding importer should apply in any commercial bank of Nepal within Fifteen days
from the date of obtaining such license.
(2) The license holder person, firm or enterprise while applying to any commercial bank for the import of the substance pursing to Sub-rule (1) above shall also submit a copy of application and other documents for the
information of Ministry.
(3) The concerned commercial bank, upon the receipt of the application as per the Sub-rule (1) for the import of the substance in accordance with the license issued by the licensing authority should make necessary arrangements for the payment as per existing laws and inform the Ministry about the same immediately.
(1) The person, firm or enterprise holding license issued under the prevailing laws, may be allowed to import the
substance only in accordance with the approved payment system by the Nepal Rastra Bank (Central Bank). For this purpose, the concerned license holding importer should apply in any commercial bank of Nepal within Fifteen days
from the date of obtaining such license.
(2) The license holder person, firm or enterprise while applying to any commercial bank for the import of the substance pursing to Sub-rule (1) above shall also submit a copy of application and other documents for the
information of Ministry.
(3) The concerned commercial bank, upon the receipt of the application as per the Sub-rule (1) for the import of the substance in accordance with the license issued by the licensing authority should make necessary arrangements for the payment as per existing laws and inform the Ministry about the same immediately.