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Urgent help - no iec code for software export company


Srini (Accountant)     03 February 2013

Srini
Accountant 
 28 points

| My Other Post

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

avater

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


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