ICEGATE
AD Code Registration
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AD Code Registration Benefits:-
• Customs clearance
• Export incentives
• GST refunds
• Foreign currency transactions
• Regulatory compliance
• Tracking foreign exchange
• Government support
• Simplifies import-export processes
Fill out our online form to get a customized quote for your import-export needs. Let Adcodeapply be your partner in global trade success!
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!
AD Code registration on ICEGATE Website
Here’s how you can register your AD Code on the ICEGATE website:
- Login: Log in to the ICEGATE website using your login credentials.
- Bank Account Management: On the left panel, click on “Bank Account Management.”
- AD Code Registration: On the Export Promotion Bank Account Management page, click on “AD Code Registration.”
- Authorized Dealer Code: Choose “Authorized Dealer Code Registration” and click “Submit” to access the AD Code Bank Account Registration dashboard. If your locations aren’t registered yet, use the “Add Account” option at the dashboard’s bottom.
- Details and documents: Fill in the required details, including location, bank name, and AD Code. Upload the necessary documents as outlined on the website.
- Document References: Once your documents are successfully uploaded, you’ll get an image reference number (IRN) and a document reference number (DRN).
- Save Changes and OTP: After entering valid details, click “Save Change.” You’ll receive a six-digit OTP on your email and mobile.
- OTP Verification: Once you verify the OTP, your bank account modification request is sent to ICEGATE. When ICEGATE approves your bank account addition request, the bank account details will be visible on your Authorized dealer or AD code dashboard.
- Ad Code Registration Fees: It’s a one-time fee borne by the exporter. However, ad code registration fees vary from state to state, and they don’t come under government fees.