Updated on September 04, 2023 12:01:52 PM
AD code in Kandla Port is a unique 7-digit code assigned by the Reserve bank of India to every authorized branch of banks dealing in foreign currencies.
Kandla port, located at Gujarat coast is now officially called Deendayal Port trust. Kandla is the first Free Trade zone in India being the largest port of India by the volume of cargo handled. Ad code registration is required to import and export from this port.
Read on to know the benefits, document requirements and how to apply for icegate AD Code at Kandla Port.
AD Code ICEAGATE Certificate [Sample]
AD code stands for Authorized Dealer’s code. It is a letter from the bank mentioning the Authorized dealer’s code provided to each bank by the Reserve Bank of India.
Once the AD code is issued, you must register it with every port from where you plan to export goods. It is also called an AD code letter by the CHA(Customs House Agent).
The primary purpose behind AD code registration is to ensure that foreign currency transactions have been made from a legitimate source.
Once you receive the AD code on the bank’s authorization letter, You need to register the AD code online on the ICEGATE portal for customs clearance. The following documents are required to proceed with the application:
Our team of professionals will assist you in preparing the documents for the application.
The benefits of an AD code registration in Kandla Port are as follows:
A shipping bill is one of the three mandatory documents for exporting goods abroad. Indian Customs EDI system won’t allow you to generate shipping bills on the ICEGATE portal without an AD code registration.
AD code registration on a port is valid for a lifetime. You only need to pay a one-time fee, and the registration will be valid for a lifetime of that port.
Earlier, the AD code registration was done at the ports, which took a lot of time, money and effort. Now, The entire process of bank AD code registration is online on the ICEGATE portal.
AD code tracks any illegal source of foreign transactions and helps in reducing the Smuggling of prohibited goods, which contributes in long term growth of the nation’s economy.
Exporters can avail several benefits from the DGFT, Exports Promotion Council and other government schemes. In addition, AD code allows multiple other benefits like duty rebates, tax returns and subsidies.
The application fee for AD code registration in Kandla Port is ₹2,999/- only. It is a one-time fee which has to be borne by the exporter.
Note- There is no government fee for AD code registration.
The process of AD code registration on Icegate is executed in 4 steps:
You can check if your AD code is registered on the Icegate portal or not by generating the shipping bill. If the shipping bill is generated, then your AD code is registered with that port.
Step 1: Click here to verify your ICEGATE ID. You will be directed to the panel below.
Step 2: Enter the PAN Number and Captcha code
Step 3: Click Submit.
Once you submit the details. You will get your ICEGATE ID.
ICEGATE ID can be used to avail multiple Services like Generating Shipping Bill, Document Tracking and Document filing.
Registering an AD code can be a difficult and time taking process. It is advised to seek an expert’s help to avoid complications and rejection of the application.
We are a team of professionals who provides AD code registration for your import-export business at the minimum price guaranteed. You can apply for the AD code registration for Exports with us in just three simple steps.
Provide all required documents
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AD code registration at designated ports is mandatory for exporters and importers for customs clearance. You are not allowed to export goods without AD code registration.
AD code is required to generate shipping bill on icegate portal. A shipping bill is compulsory for importing and exporting of goods. AD code also allows you to receive payments in foreign currencies.
Reserve Bank of India issues the AD code to the Authorized branches of banks dealing in foreign currency transactions.
You can get an AD code from the bank with which you have a current account. You need to send a request to the branch manager in a prescribed format to issue the AD code on the Bank letterhead. Once the AD code is issued, it is registered with the Kandla Port on the icegate portal.
Authorized Dealers are the branch of banks dealing in foreign currencies. RBI issued a code to the Authorized branches of banks which is called an AD code.
Port registration is the registration of an AD code with the customs port where you intend to export goods. You need to register the AD code for each port separately, whether the ports are in the same state or a different state.