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Urgent help - no iec code for software export company

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Srini Accountant [ Scorecard : 28]	Posted On 03 February 2013 at 20:49
	Hi, One of our new clients is a software export company and they are receiving money from the foreign source without any IEC number, the bank is not objecting for the same. Is there any problem in future ? How to get IEC number ? If they ask any questions, what we have to tell the authorities. Thanks in advance Sri Account Assistant

Shobhit Goel CA Final [ Scorecard : 69]	Posted On 03 February 2013 at 20:58
	Hi, In my view, bank is not objecting bcoz you are only receiving a payment from foreign. You will need IEC code at time of Import or Export. Thanks, Shobhit

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