AD CODE Registration
Exporters are presently required to register their Authorised Dealer (AD) Code and Bank Account(s) for purposes of remittances and availing export benefits respectively at every Customs station. Even though it is an one-time procedure, it requires physical interaction between the Customs and the trade and submission of physical documents by the latter. Being a manual process, it causes delays impacting exports besides requiring the exporters or their representatives to personally visit the Customs Houses. Same is the case for the process of updation of Bank Account details. On review, this procedure has been done away with.
Fresh registration of AD Code with Bank Account for the purpose of foreign remittance and IFSC with Bank Account for the purpose of IGST refund /Drawback
(i) Bank authorisation letter in format attached as Annexure-A
(ii) Copy of IEC
(iii) Copy of GST registration Certificate
(iv) Copy of PAN Card of the Company/Partnership Entity
(v) Copy of PAN Card of Authorised Signatory (Director/Partner/Proprietor) in Bank Account
(vi) Copy of cancelled cheque
Modify/Change in registered IFSC with Bank Account for the purpose of IGST refund/Drawback. (i) The documents as enlisted at 2.1 (i) to (vi).
(ii) NOC from bank, whose bank account registered in ICES, which is required to be changed.
what is AD CODE (Authorized Dealer Code) ?
AD Code Called as Authorised Dealer Code this code is essential in India for exporting goods out of India and Receiving money for same. AD Code is given by exporter foreign currency bank. a unique AD CODE is issued to bank by RBI (RESERVE BANK OF INDIA) .most important question is that how to register for ad code at shipping ports. what are its uses and why it is essential?
Authorised Dealer Code Advantages/uses
it is used to track the transaction in terms of money/goods with overseas buyers.
for allowing the benefit of exports eg. Duty drawback EPCG, DFIA, and all after closing transection.
it needs to register at the shipping ports and customs. this authorized dealer code is provided by your foreign account managing bank.
transactions not closed until goods are shipped to the buyer & received the payment for same and submited all documents like shipping bill, FYRC COPY, B.L, any transportation copy to your authorized dealer code providing bank.