Q 155. What is a CIN and what is its relevance?

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Ans.  CIN stands for Challan Identification Number.   It is a 17 digit number that is 14-digit CPIN plus 3-digit Bank Code.  CIN is generated by the authorized banks/ Reserve Bank of India (RBI) when payment is actually received by such authorized banks or RBI and credited in the relevant government account held with them.  It…

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