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VALUE ADDED TAX FAQ

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.
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