Urgent help - no iec code for software export company

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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

Replies (1)
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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