What is the Exim Code in Nepal
Last updated
Last updated
Possessing an EXIM Code enables a company to lawfully conduct the export and import of goods and services in and out of Nepal. It also ensures the government receives real-time, updated information. The use of the EXIM Code is crucial for preventing illegal practices that could diminish tax revenue. Annually, the EXIM Code must be updated, along with the submission of the latest Bank Guarantee. Nepali companies can apply for an EXIM Code with a minimum paid-up capital of 10 lakhs. However, if the application is solely for export purposes, this requirement does not apply.
Here is the details guide:
Online Registration Form
Citizenship copy of an individual or all shareholders in a partnership firm
PAN/VAT Certificate
Registration Certificate of the company
Passport size photo of the proprietor
If the Company is registered under the Department of Industry, Department of Commerce, or Department of Small and Cottage Industry, proof of a minimum paid-up capital of 10 lakhs through Share Certificate is required.
If the Company is registered at the Department of Small and Cottage Industry after 2074, a request letter from the Department of Industry is mandatory.
Tax Clearance Certificate of the previous fiscal year
Exact MAP tracing of the office location
Sifarish Patra from the Bank
Bank Guarantee Document amounting to NPR. 300,000 (Three Hundred Thousand)
The Department of Customs, Ministry of Finance in the Government of Nepal issues an Export and Import Code (EXIM Code) comprising 13 letters for every import export transaction. Obtaining an EXIM Code is essential for an to participate in the global market within today's interconnected economy.
