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Icegate AD Code Registration

An Overview of Icegate AD Code Registration

Given that it is necessary for customs clearance, all importers and exporters of products in India are required to obtain the AD code. Customs clearance at the port necessitates the generation of a shipping bill, which cannot be done without an AD code registration. Benefits like exemptions that are immediately paid to the current account are another perk of an AD code registration.

Any importer or exporter who want to conduct international business must open a current account, at which point the authorised bank issues an AD code. Since all export revenues must be deposited into this account through standard banking channels, a bank will provide an importer or exporter with a 7-digit code for this purpose. The Reserve Bank of India awarded the seven-digit AD code.

We will concentrate on elucidating the basic ideas behind the AD code and IFSC, current updates to the online platforms and necessary paperwork, and some crucial FAQs regarding the AD code and IFSC.

What is AD code?

An authorised dealer (AD) is someone who has been granted a licence by the Reserve Bank of India to carry out foreign exchange transactions. The licence number of the authorised dealer is provided to the exporter or importer when they open a current account with a registered authorised dealer (exporter/importers banker). Additionally, it verifies that the importer or exporter is engaged in legitimate business and that the proceeds are transferred home or received through conventional banking channels. An importer or exporter needs this code in order to transact any document through the customs Icegate site, including a shipping bill or a bill of entry.

What is IFSC code:

An IFSC code must be registered by exporters. Benefits like duty reduction and IGST refund are the key drivers for joining an IFSC. In layman's words, it indicates that the amount of IGST and duty drawback would be credited to the bank account linked to the IFSC Code.

Importance of AD code.

An AD code is crucial because without one, an importer or exporter cannot deal with customs on any paperwork. Knowing if import/export transactions were carried out through legitimate banking channels is also helpful to customs and the RBI.

Other benefits:
  1. paperwork required for import and export.
  2. direct credit transfer to the trader's account.
  3. shipping bills and bill of entry must be submitted for future exports and imports.
  4. essential for requesting incentives and reimbursements.
  5. Requirements for releasing payments to importers.
  6. Online registration for ports is possible.

Icegate AD Code Registration Procedure:

Before registration of the AD code let us understand what Icegate is.

The CBIC's official website for conducting international business with banks and customs for importers and exporters is called Icegate. An importer or exporter must first register the business with the Icegate portal by providing his IEC, PAN card, email address, and phone number before registering an AD code. This will only happen once.

Documents needed to register as an AD online through the Customs Icegate Portal include:

  1. Letter with the AD code on the letterhead of the bank.
  2. Document for GST registration.
  3. Check cancelled.
  4. code IEC.
  5. Copy of the company pan card.
  6. a photo, a copy of the Aadhar card, a copy of the pan card, etc. of the director who is permitted to sign the paper on the company's behalf.

How can we help you

We at AFLEO Group are a team of DGFT & customs professionals with strong backgrounds in international logistics [freight forwarding] & export consulting spanning over 10 years. We can assist you with the registration of AD codes and IFSC at all ports in India quickly and effectively thanks to our extensive expertise and experience in this area.

So please contact us with any needs you may have, and our team will be pleased to assist you.

In the box below, please let us know if you have any questions.

Frequently Asked Questions

Frequently Asked Questions

It is a mandatory requirement for conducting imports and exports from our country.

It can be done online after obtaining registration with the ICEGATE portal.

It can be checked online by visiting the ICEGATE portal.

The dealer gets a 7-digit code as proof of his registration with the Reserve Bank of India after opening a current account with a registered authorised dealer. The importer or exporter AD code is this seven-digit number.

It facilitates direct crediting of incentives and rewards to the bank account. Additionally, it aids in realising export revenues or permits the return of funds used for imports.

No, an IEC holder may only have one AD code bank account registered for one Port location.

Yes, it is required for importers. The importer will be unable to file the bill of entry at customs without an AD code.

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