AD Code Registration

AD Code is a 14-digit number issued for the customs clearance of the goods. This AD Code aims to ensure that the foreign currency used for transactions in an exporter’s current account comes from a legal channel.

AD Code is provided by the bank where he holds the business or current account. AD Code is printed on the bank’s letterhead in the set format as prescribed by the Directorate General of Foreign Trade (DGFT). The bank which is authorised to grant AD Code must deal with foreign currency. Registering AD Code at the port where goods are sent for custom clearance is mandatory. Without port registration of AD Code, the shipping bill number will not be generated, which is a must for the export of goods.

Following are the various benefits of obtaining AD Code:

 It assists in developing business and reaching out to a bigger market at the global level. It allows the business to flourish at a rapid pace.

 Obtaining an AD Code is a one-time process. It means there is no requirement to submit any returns.

 The AD Code is valid till the existence of the business of its holder. So, there is no requirement to renew it.

 Based on the AD Code, the businesses receive multiple incentives for their imports or exports from the Directorate General of Foreign Trade, Export Promotion Council, Customs and several other Government Departments.

 It is one of the crucial documents to be submitted for export customs clearance. Without it, one cannot produce a shipping bill on ICEGATE, the Indian Customs Electronic Data Exchange Platform.

 AD Code allows transferring credit to the trader’s current account directly.

 Any Government advantages one wishes to avail of are credited straight to his current account if he has an AD Code registered custom.