Question

Which of the following document are not required for obtaining an export license?

Options

• IEC number

• Letter of credit

• Registration cum membership certificate

• Bank account number

Answer 1

To obtain an export licence, an exporter requires an IEC (Importer Exporter Code) number, a registration-cum-membership certificate, and a bank account number. However, a letter of credit is not required for obtaining an export licence. A letter of credit is issued by the bank of an importer guaranteeing payments to the exporter’s bank.

Hence, the correct answer is option Letter of credit.