What are the advantages of having a BIN?
A businessman’s legal validity of business is established through the BIN. You can avail the following advantages:
- All import- export activities except baggage import.
- Registration of land or building in the name of the person registered or enlisted.
- Obtaining Import Registration Certificate or Export Registration Certificate.
- Supplying to any Withholding Entity.
- Participating in any tender.
- Enlisting with any organization.
- Obtaining Bond License.
- Sanction of Bank loan in favor of a registered or enlisted person.