Accounting & Customs Compliance for Traders in Nepal
Why trading businesses need specialized accounting
A trading company's numbers exist in triplicate: the customs declaration, the bank's LC or TT record, and the books. Tax officers compare all three — and discrepancies between declared import values, banking payments, and recorded purchases are the fastest route to an assessment.
Our trading clients get books built from the customs record outward: every declaration reconciled to a purchase entry, every duty and VAT payment traced, and margins that make sense against the declared values. When the IRD or customs asks, the answer is already in the file.
What we handle for traders
- EXIM code registration and annual renewal with the Department of Customs
- Reconciliation of customs declarations with purchases, bank payments, and VAT credits
- VAT returns with import VAT credits correctly claimed and documented
- Statutory audits for trading houses, with margin and stock analysis
- LC documentation support and banking compliance for import financing
- Advisory on duty structures, HS classification impacts, and landed-cost accounting
- Company registration and structure advice for new trading ventures
On the corridor where the goods move
The Belahiya border point and Bhairahawa dry port sit thirty minutes from our office — a corridor handling a major share of Nepal–India trade. We work with importers, exporters, clearing agents, and transporters on this route daily, which means the practical problems of trade compliance are ones we've already solved for someone else.
Frequently asked questions
What is an EXIM code and do I need one?
The EXIM code is the Department of Customs' registration that authorizes a business to import or export commercially. It requires a PAN, VAT registration, and bank guarantee, and must be renewed annually. We register and renew them routinely for corridor clients.
Can I claim VAT paid at customs as a credit?
Yes — import VAT is creditable against your output VAT if you're VAT-registered and the documentation (declaration, payment receipt) is in order. Losing credits to sloppy paperwork is pure cost; our monthly reconciliation makes sure every credit is claimed.
Customs valued my goods higher than my invoice. What now?
Reference-value assessments are common. The accounting must then handle the gap between invoice value and assessed value correctly — and where the valuation is genuinely wrong, review routes exist. We advise on both the records and the remedy.
Services this industry relies on
Renewals, Customs & Compliance
Annual returns, firm registration renewals, customs agency services, and the recurring compliance work that keeps your business in good standing.
Learn moreIncome Tax, VAT & PAN
Income tax returns, VAT returns, TDS filing, and PAN registration with the Inland Revenue Department — on time, every time, with no penalties.
Learn moreStatutory Audit
Annual audit report for your Pvt. Ltd. or Public Ltd. company by experienced auditors — accurate, independent, and accepted by OCR and IRD.
Learn moreAudit due? Registering a company? Let’s sort it this week.