|
How will the Refund be paid?
You can choose to receive your Refund by:
|
Refund Amount
|
Refund Method
|
Fees deductible from refund
requests
|
| Not exceeding Rs. 20,000.00 |
Cash at the refund counter
at the International Airport |
Rs. 500.00 |
| Exceeding Rs. 20,000.00 |
Bank Draft to be delivered
at the address mentioned in the refund application. |
Rs. 500.00 pIus bank’s commission
on foreign exchange and draft issuing fee. |
What do not qualify for VAT refund?
|
Rastriya Banijya Bank
Foreign Exchange Counter at Departure Lounge (after
immigration)
|
| Any foreigner leaving Nepal through Tribhuvan
International Airport can sell their surplus Nepalese
currency at the counter of Rastriya Banijya Bank
at the Departure Lounge (after immigration). |
How to avail this service?
a. The person is neither Nepalese nor Indian.
b. The person must surrender Foreign Exchange Encashment
Receipt (FEER) before the exchange counter.
c. Nepalese Currency sought to be sold at the exchange
counter should not exceed the amount purchased before.
This has to be substantiated from the FEER together
with the reduction(s) mentioned in the FEER.
d. The person must present valid passport for the verification
at the exchange counter.
e. The person will be entitled for foreign exchange
at prevailing bank's selling rate, subject to availability
of the desired currency. In the case on non-availability
of the desired currency the person may be requested
to accept alternative foreign currency.
|
