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of <h1>Foreign Branch Offices in India Can Get IEC with RBI Approval for Import/Export Business.</h1> A Branch Office in India of a Foreign Company can be issued an Importer Exporter Code (IEC) number if it has been established with the Reserve Bank of India's (RBI) permission under the Foreign Exchange Management regulations and is authorized by the RBI to conduct import or export business. The Branch Office must apply to the relevant licensing authority with the necessary documents. This clarification is issued with the approval of the competent authority by the Directorate General of Foreign Trade.
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