Updated on January 13, 2025 03:26:03 PM
AD Code full form is Authorized Dealer Code, a 7-digit number which is being issued by the bank for foreign currency transactions. Import Export Code Registration & AD Code registrations are the two most important registrations which have to be carried out by every exporting business. ICEGATE Registration is important for custom clearance of the goods from India.
AD Code registration on ICEGATE portal is required to be done for each port separately, The objective behind registration is to ensure that the Foreign currency transactions in the exporter’s current bank account are from an authenticate means.
AD Code ICEAGATE Certificate [Sample]
AD Code Registration is a process by which an Authorized Dealers (AD) Code is obtained from the Reserve Bank of India. This unique code is allotted to entities involved in foreign exchange transactions. For instance, importers and exporters have to use the AD Code allotted to them in undertaking their businesses. The AD Code plays a pivotal role in international trade and ensures adherence to the provisions laid down for foreign exchange-related activities. To obtain the AD Code, the business must present the documents for identity, address proof, registration, and other formalities to the authorized dealer bank along with the application form. After approval, it permits businesses to involve themselves in foreign exchange transactions.
There are many reasons why having an AD code is a must for businesses who want to export goods from India. Some important points have been mentioned below:
