AD Code Registration - Fee, Process & Documents Required

The AD Code, or Authorized Dealer Code, is a unique 7-digit number provided by banks for foreign currency transactions. Both Import Export Code and AD Code registrations are crucial for every exporting business. AD Code registration is essential for customs clearance of goods from India.

Registration of AD Code on the Icegate portal must be completed separately for each port. The purpose of this registration is to verify that foreign currency transactions in the exporter's bank account are legitimate.

Why is AD Code Registration Required?

• Businesses intending to export goods from India must possess an AD code for several reasons, outlined below:
• Essential for Submitting Mandatory Export Documents
• Facilitates Direct Transfer of Credit to Trader's Account
• Submission of Shipping Bill for Customs Clearance
• Vital for Claiming Incentives and Refunds
• Required by Importers for Payment Release
• Enables Port Registration for Export via AD Code Icegate Online Platform

Documents Required for AD Code Registration

Exporters are required to produce the following documents to obtain AD code certification from the respective bank

The necessary documents for obtaining an AD code include:

• AD Code letter issued on banker's letterhead
• GST Registration Certificate
• Import Export Code
• PAN Card
• Request Letter or Authorization Letter for AD Code on official letterhead
• PAN, Aadhaar Card, and Voter ID/Passport of owners/Partners/Directors
• Memorandum of Association (MOA), Articles of Association (AOA), and Certificate of Incorporation (COI) for companies
• Partnership Deed for partnership firms

Process for AD Code Registration for India Port

The online AD code registration process is challenging, taking time from the usual registrations. Here is the procedure for AD code registration online:

Visit Forex Bank:

Submission of Application:

Obtain an AD Code Letter:

AD Code Registration for All Exporting Ports:

ICEGATE AD Code Registration 2.0 Process:

1. Visit ICEGATE 2.O website
2. If the applicant is a new user, create your account from the ICEGATE 2.O portal.
3. Need to submit all required documents, which are mentioned above.
4. Once, the online application has been filed along with all required documents. The Applicant need to wait for the 3-4 working days for the approval of the ICEGATE 2.O department.
5. Once the ID password has been generated, the applicant may proceed for the port registration.

Time Taken to Get AD Code Registration for India Port

Completing the AD Code registration for India Port will take 7 to 10 working days.

Benefits of AD Code Registration for India Port

• Trace Foreign Currency Trades: The AD code registration permits the government/authorities to trace the foreign currency of trades. It helps to create stability and transparency in the economy to know about the foreign exchange transactions done by the exporters and importers.
• Government Benefits: AD code registration assists in subsidies or incentives directly deposited into the exporter’s bank account.
• Customs Clearance: It is necessary to generate the shipping bills, which play a vital role in customs clearance in import-export affairs. If the code is not registered, then it won't be easy to generate the shipping bills.
• Registration’s Validity: Once the AD code is registered online, it holds lifetime validity with one-time fees. It leads to accessibility and functional continuity without much expense.
• Online Registration Process: The AD code registration process is done online, providing exporters with the convenience of digital transactions and a hassle-free process as it eliminates physical visits to regulatory offices.

BizFoc Your AD Code Consultant in India

With BizFoc, you can streamline the authorization process for your AD code with ease and efficiency. Our team of seasoned professionals specializes in guiding clients through every step of the registration and approval process, ensuring a seamless experience from start to finish. We understand the complexities involved in obtaining AD code authorization and are committed to providing comprehensive support and assistance to ensure that your registration journey is smooth and hassle-free. Trust BizFoc to navigate the intricacies of AD code authorization, allowing you to focus on your core business operations with confidence and peace of mind.

Conclusion

As an exporter having AD Code is a mandatory regulatory compliance in India. Businesses are Required to register themselves in order to carry international trade and transition. The ad code is a 14 digit unique identity that is obtained by every merchant and EXIM Business Owner in India.

FAQ - Related to AD Code Registration