CA RAMAKRISHNA SANJAY
7760252581
🔷 What is AD Code?
AD Code (Authorised Dealer Code) is a 14-digit code issued by your bank (approved by the Reserve Bank of India).
It links your export transactions with your bank account and is mandatory for customs clearance.
👉 In simple terms:
No AD Code = No export clearance
🔷 Why is AD Code Important?
AD Code plays a critical compliance role in export business:
✔ Enables customs to process your shipping bill
✔ Helps RBI track foreign currency inflow
✔ Required to receive export payments legally
✔ Necessary for claiming export incentives
👉 Without AD Code:
Your shipment can get stuck at customs
Payments may face regulatory issues
🔷 Who Needs AD Code?
You need AD Code if you are:
An exporter with IEC from Directorate General of Foreign Trade
Exporting goods outside India
A merchant exporter or manufacturer exporter
❌ Not required for:
Service exporters (in most cases)
🔷 When Should You Apply for AD Code?
Best practice:
👉 Apply before your first export shipment
Also required when:
Exporting from a new port
Changing your export bank account
🔷 How to Get AD Code? (Step-by-Step)
✅ Step 1: Contact Your Bank
Approach your current account bank (Authorised Dealer bank)
✅ Step 2: Submit Documents
Basic documents required:
IEC Certificate
Bank details
Request letter
✅ Step 3: Get AD Code Letter
Your bank will issue:
14-digit AD Code
Official signed & stamped letter
✅ Step 4: Register AD Code on ICEGATE
Register through ICEGATE:
Upload AD Code letter
Select port
Get customs approval
👉 Note:
AD Code must be registered separately for each port
🔷 Frequently Asked Questions (FAQs)
❓ Is AD Code mandatory?
👉 Yes, for exporting goods from India.
❓ Can I have multiple AD Codes?
👉 Yes, but advisable to use one primary bank for simplicity.
❓ Is AD Code required for every port?
👉 Yes, separate registration required for each port.
❓ How long does it take?
👉 1–3 working days from bank + ICEGATE approval time.

No comments:
Post a Comment