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What are the advantages of having a BIN?

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A businessman’s legal validity of business is established through the BIN. You can avail the following advantages:

  1. All import- export activities except baggage import.
  2. Registration of land or building in the name of the person registered or enlisted.
  3. Obtaining Import Registration Certificate or Export Registration Certificate.
  4. Supplying to any Withholding Entity.
  5. Participating in any tender.
  6. Enlisting with any organization.
  7. Obtaining Bond License.
  8. Sanction of Bank loan in favor of a registered or enlisted person.

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