AD Code Registration
Fees @ Rs.1999/-*
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Documents Required to Obtain AD Code
Following are the Documents that are required to be submitted while obtaining the AD Code:
Original AD Code Authorization letter of the bank
Exporter’s letter on the letterhead requesting or authorizing the registration of AD Code
Customs broker’s letter on the letterhead requesting AD Code Registration
GST Registration Certificate
Recent IT returns
Copies of bank proclamation
Import-Export Code License
PAN Card of company
Export House Certificate
Manufacturing License
Identity proofs of the owner/partner, such as Aadhar Card, PAN Card, Voter ID Card or Passport
What is AD Code Registration?
An Authorized Dealer (AD) Code is a unique identification number assigned by your bank. It facilitates foreign currency transactions in your exim’s current account, ensuring legal and transparent foreign exchange activity.
Facing problems while getting your AD Code? Here’s how to fix them.
Document Verification Issues
Incorrect or incomplete documents can lead to verification delays. Double-checking documents and seeking guidance from the AD bank can help resolve such issues.
Transaction Type Clarity
Understanding the specific transaction type and its corresponding AD Code category is crucial to avoid confusion during the application process.
Communication with Authorities
Maintaining open communication with the AD bank and regulatory authorities can help address any queries or concerns that arise during the AD Code registration process.
Maintaining AD Code Information
Updates and Reporting
It’s crucial to keep your AD Code details current and report foreign exchange transactions accurately to regulatory authorities, as required.
AD Code Validity
Good news! AD Codes have no expiration date. They remain valid for as long as your business exists. No renewal is needed!