What is AD Code Registration?
AD Code (Authorized Dealer Code) registration is a crucial process for businesses involved in international trade, specifically in the export sector. An AD Code is a 14-digit code provided by a bank authorized by the Reserve Bank of India (RBI) to deal in foreign exchange. This code is essential for customs clearance during the export process. Without an AD Code, exporters cannot generate shipping bills, which are mandatory documents for customs clearance. The AD Code links the export transaction with the bank and facilitates the smooth flow of foreign exchange earnings into the exporter’s bank account.
What is AD Code Registration Required For?
- Mandatory for Customs Clearance: AD Code is essential to generate Shipping Bills for export shipments.
- Facilitates Foreign Exchange: It ensures the proper remittance of foreign exchange earnings to the exporter’s bank account.
- Claim Export Incentives: Required to claim government incentives like duty drawbacks and export subsidies.
- Regulatory Compliance: Ensures compliance with RBI and DGFT regulations for international trade.
- Documents Export Transactions: Links the exporter, bank, and customs authorities, ensuring transparency and traceability in export processes.
- documents required for AD code registration
- Authorized Dealer (AD) Code Letter
- GST Registration Certificate
- Company PAN Card
- Import Export Code (IEC)
- Export House Certificate
- Company Registration Certificate
- Board reseluation
- Pan card , adharcard , voter id card , passport size photo
- Proof of Business Address
- Digital Signature Certificate
Documentation Preparation
Gather all necessary documents, including the AD Code Letter, GST Registration Certificate, Company PAN Card, Import Export Code (IEC), and Export House Certificate.
Application Submission to Authorized Dealer
Submit the completed application along with the required documents to a bank authorized by the Reserve Bank of India (RBI) to handle foreign exchange transactions.
Application to ICEGATE
File an application with ICEGATE (Indian Customs Electronic Gateway) to link your AD Code with your export transactions and ensure compliance with customs regulations.
Follow-up with Authorized Dealer
Regularly follow up with the bank to track the status of your application and address any additional requirements or issues that may arise during the processing.
Approval from ICEGATE
Once the application is processed, ICEGATE will approve and confirm the AD Code, allowing you to complete the registration and begin exporting.
Ports / ICD for AD Code Registration
- ACC Coimbatore Sriperumbudur ICD (INCJB4)
- GOPALPUR PORT (INGPR1)
- Tuglakabad ICD (INTKD6)
- AGARTALA LCS (INAGTB)
- Gari Harasaru ICD (INGHR6)
- Tumb ICD (INSAJ6)
- AZHIKKAL PORT (INAZK1)
- Goa ACC (INGO14)
- Tuticorin ICD (INTUT6)
- Agra ICD (INBLJ6)
- HTPL ICD Kilaraipur (INQRH6)
- VIRAMGAM ICD (INVGR6)
- Read More
Conclusion
Obtaining an AD Code is a critical step for businesses engaged in international trade. By carefully preparing the required documentation, submitting applications to both the authorized dealer and ICEGATE, and following up diligently, businesses can secure their AD Code efficiently. This code not only facilitates customs clearance and foreign exchange remittance but also ensures compliance with regulatory requirements. Proper management and timely renewal of the AD Code are essential for maintaining smooth and compliant export operations.