Nepal Bankers Association Organizes Training On Customs Clearance And HS Code Practices
3rd August 2026, Kathmandu
Nepal Bankers Association has successfully organized a specialized one-day training program titled Enhancing Knowledge on Customs Clearance and HS Code Practices in Nepal.
NBA Organizes Training On Customs Clearance
The intensive training session brought together trade finance professionals from various member commercial banks to strengthen their practical understanding of international trade mechanisms.
The primary goal of the initiative was to deepen institutional knowledge regarding customs clearance procedures, Harmonized System code classification, and price verification processes across Nepal.
Focus On Regulatory Compliance And Operational Risk Management
Understanding customs procedures and proper classification is vital for banking institutions that facilitate trade finance transactions for importers and exporters.
During the training, participants explored mechanisms designed to ensure strict regulatory compliance while minimizing operational and financial risks in international trade.
Proper Harmonized System code classification and price verification play a critical role in mitigating trade-based money laundering, preventing documentation fraud, and maintaining financial integrity.
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Expert Guidance From Department Of Customs Director
The training program was facilitated by Mr. Gyanendra Raj Dhakal, Director at the Department of Customs, who provided practical insights into customs administration.
Drawing on extensive field experience, Mr. Dhakal outlined key trade procedures and highlighted essential areas where commercial banks must exercise due diligence.
He emphasized the need for bank trade personnel to thoroughly verify trade documentation, confirm the accuracy of product classification codes, and understand official customs valuation standards.
Strengthening Banking Sector Capabilities In Trade Facilitation
The initiative reflects the commitment of the Nepal Bankers Association to upgrade the technical capacity of banking staff handling cross-border commercial transactions.
By improving the alignment between banking practices and customs regulations, the banking sector aims to foster safer, faster, and more compliant trade facilitation across Nepal.
