AD Code Registration

AD Code Registration is a mandatory requirement for importers and exporters to facilitate customs clearance and international trade transactions. The Authorised Dealer (AD) Code is issued by the bank where the business maintains its current account. Obtaining AD Code Registration ensures smooth processing of shipments through customs. With expert assistance from ICP Legal, businesses can complete AD Code Registration quickly and accurately.

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AD Code Registration

Benefits of AD Code Registration

  • 1. Enables Smooth Export Operations: AD Code registration allows exporters to carry out export activities without interruptions by ensuring proper linkage with customs authorities.
  • 2. Mandatory for Shipping Bill Generation: Without AD Code registration, exporters cannot generate shipping bills, which are essential for processing export shipments.
  • 3. Ensures Timely Receipt of Foreign Payments: It ensures that export proceeds are received directly into the registered bank account without delays or complications.
  • 4. Access to Export Incentives and Benefits: AD Code is required for claiming various export incentives, duty drawbacks, and government schemes under foreign trade policies.
  • 5. Improves Compliance and Transparency: It ensures that all transactions are conducted through authorized banking channels, maintaining transparency and compliance with regulations.
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Frequently asked question

  • What is an AD Code?

    It is a 14-digit code issued by an authorised bank for foreign trade transactions.

     

  • Is AD Code Registration mandatory?

    Yes, for exporters at customs ports.

     

  • Who issues the AD Code?

    The business’s authorised dealer bank.

     

  • Can one AD Code be used at multiple ports?

    Separate registration may be required for different ports.

     

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