Licensing authority for import of substance, pursuant to Rule 3 and existing law, shall issue the license for import of the substance under the procedure, conditions, specifications, quantitative norms and phase out rate set forth by the Ministry
Upon bringing in of the substance by the importer at the concerned custom point, the concerned custom office shall notify the Ministry with all the details about the same.
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).