Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Urgent help - no iec code for software export company

Srini (Accountant)     03 February 2013

 28 points

| My Other Post


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


Account Assistant


Shobhit Goel (Chartered Accountant)     03 February 2013

Shobhit Goel
Chartered Accountant 
 11 likes  101 points

View Profile | My Other Post

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »