AD Code Registration

Want to have the ease of making and receiving foreign currency payments? Get your AD Code registered with us for faster customs clearance.

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Steps to get AD Code Registration online

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Overview

An AD, or Authorized Dealer, is a 14-digit code issued by a bank to an exporter or importer. It is required for all export and import transactions involving foreign currency. The purpose of the AD Code is to ensure that foreign currency transactions are genuine and not used for illegal purposes.

Checklist for registration

IEC Registration Certificate issued by DGFT
Proof of Identity & Address
Current Account details with a bank that is authorized to deal in foreign currency
Board Resolution authorizing the registration of the AD Code
Letter of Authorization authorizing the person applying for the AD Code to do so on the entity’s behalf.

Importance of registration

Ease of Making and Receiving Foreign Currency Payments: The AD Code helps to verify your identity and the authenticity of the transaction, making it easier to make and receive foreign currency payments. This can save you time and hassle, and can help to ensure that your payments are processed smoothly.
Faster Customs Clearance: AD Code helps to identify your shipments and to ensure that they are compliant with all the necessary regulations. This can help you to clear your goods from customs more quickly, which can save you time and money.
Access to Government Incentives and Schemes: The Code shows that you are a legitimate business that is engaged in genuine trade activities. This can make you eligible for government incentives and schemes, which can help you to grow your business.
Reduced Risk of Penalties and Fines: It helps to ensure that you are complying with all the necessary regulations. This can help you to avoid penalties and fines, which can save you money and reputational damage.

Registration Process

1. Apply for AD Code through your bank:

Go to the bank where you maintain your current business account.
Request the bank to issue an AD Code for your business.
The bank might require documents like your PAN card, bank account details, and proof of business address.
There might be a processing fee associated with issuing an AD Code.

2. Register your AD Code on ICEGATE:

Sign up or log in to the Indian Customs Electronic Gateway (ICEGATE) portal
Ensure all port locations where you plan to conduct exports are listed in your profile.
If you haven’t already, acquire a Class-3 digital signature certificate for online authentication on ICEGATE.
Under ‘Bank Management System,’ choose ‘Add Bank Account’ for AD Code bank account registration.
Provide details like your AD code, bank account details, and chosen port locations.
Attach scanned copies of required documents.
Check all the information thoroughly before submitting your application.

Why BizReg?

At BizReg, we recognize the significance of AD Code registration for businesses engaged in international trade. Our commitment to providing comprehensive legal and regulatory solutions makes us the preferred choice for individuals and companies seeking efficient AD Code registration services.