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Foreign Exchange (Regulation) Act,
2019 (1962) Foreign Exchange (Regulation) Act,
2019 (1962)
The primary agency which looks into
the affairs of telecoms , it is the first
touch point which observes into
Telecom’s contract and verifies the
legitimacy of the liability to pay in
foreign exchange for services
consumed or equipment that are
about to be imported.
The ministry reviews into the
recommendations from NTA and
checks if the recommendations is
in par with the legal framework . It
can also make special facilitations
that is required to assure smooth
operation of telecom services.
Is the governing body for all the
foreign exchange activities in
the economy of Nepal . It is the
agency which orders the
commercial banks for the
payment of amount in foreign
denomination(s) . It
recommends only after written
request from MOCIT. The NRB if
the invoice value exceeds 10
Thousand USD.
The primary agency which looks
into your contract and verifies
the legitimacy of your liability to
pay in foreign exchange for
services you consumed or
equipment that you are about to
import
1 2 3 4
5
3
50
Document submission
for registration
* NTA chairman gives
initial orders
Director forwards to
Deputy Director
Documents are verified
by Deputy Director
Further checking by
Asst. Director
Final preparation of the
report and submitted
to the Deputy Director
for reviewing
Junior engineers will
visit the Ncell premises
and seek the
questionnaires and
prepare the report
Deputy Director will
forward to his juniors
engineers and
inspectors for further
investigation
Deputy Director,
reviews will be
forwarded for
inspection and
monitoring
After complete review
of the documentation
the file will be filed
back to his senior
Deputy Director
If the report is ok and
the as per the
regulatory parameters
he will forward it to
License section
forward it to Deputy
Director
Deputy Director ,
License Section will
forward it back to
Director.
Director reviews and
sends it to Chairman
for Final Approval
chairman reviews the
final documentation &
forward to Assistant
Director for letter
preparation
Process ends
The final
recommendation will
be dispatched from
NTA reception
A copy of the recommendation
will be sends to *MOCIT for their
acknowledgement.
•
•
•
•
•
•
Foreign Exchange Regulation Process in Nepal

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Foreign Exchange Regulation Process in Nepal

  • 1.
  • 2.
  • 3. Foreign Exchange (Regulation) Act, 2019 (1962) Foreign Exchange (Regulation) Act, 2019 (1962)
  • 4. The primary agency which looks into the affairs of telecoms , it is the first touch point which observes into Telecom’s contract and verifies the legitimacy of the liability to pay in foreign exchange for services consumed or equipment that are about to be imported. The ministry reviews into the recommendations from NTA and checks if the recommendations is in par with the legal framework . It can also make special facilitations that is required to assure smooth operation of telecom services. Is the governing body for all the foreign exchange activities in the economy of Nepal . It is the agency which orders the commercial banks for the payment of amount in foreign denomination(s) . It recommends only after written request from MOCIT. The NRB if the invoice value exceeds 10 Thousand USD. The primary agency which looks into your contract and verifies the legitimacy of your liability to pay in foreign exchange for services you consumed or equipment that you are about to import
  • 5. 1 2 3 4 5 3 50
  • 6. Document submission for registration * NTA chairman gives initial orders Director forwards to Deputy Director Documents are verified by Deputy Director Further checking by Asst. Director Final preparation of the report and submitted to the Deputy Director for reviewing Junior engineers will visit the Ncell premises and seek the questionnaires and prepare the report Deputy Director will forward to his juniors engineers and inspectors for further investigation Deputy Director, reviews will be forwarded for inspection and monitoring After complete review of the documentation the file will be filed back to his senior Deputy Director If the report is ok and the as per the regulatory parameters he will forward it to License section forward it to Deputy Director Deputy Director , License Section will forward it back to Director. Director reviews and sends it to Chairman for Final Approval chairman reviews the final documentation & forward to Assistant Director for letter preparation Process ends The final recommendation will be dispatched from NTA reception A copy of the recommendation will be sends to *MOCIT for their acknowledgement.