AD Code Registration Chennai Customs
If you want to start an Import and Export business in India, you will have to have two registrations depending on Government regulations. One of them is IEC Registration, and the other one is AD Code Registration. Without these, you can not start an import-export business in the country. The AD Code Registration in Chennai is required for customs clearance of your commodities.
An AD aka Authorised Dealer Code is a 14-digit number, the purpose behind which is to ensure whether or not the foreign currency transactions in the current account of an exporter are from a legal channel. AD Code registration at any port works for custom clearance of exported or Imported goods.
Significance of AD Code Registration
There are multiple benefits of AD Code Registration as listed below:
This will assist you in enhancing your business while reaching out to a wider market on a global scale. This allows your company to develop at a rapid pace.
This type of registration is a one-time process which means you won’t have to submit any returns. Once the code is assigned to you, no return filing is required.
An AD Code comes with a life-long validity. Consequently, if you register for AD Code, you won’t ever have to worry about renewing it.
Depending on AD Code registration, the companies are eligible to receive different incentives for their imports/exports from several Government schemes.
Step-by-Step AD Code Registration Process
First of all, you will have to visit the website of a service provider of AD Code Registration in Chennai.
Provide the necessary business details and data to their web portal.
Pay online through different available payment modes.
This is how you place an order and once that is done your application is assigned to one of our dedicated professionals.
The experts will prepare the required documents and file an AD Code registration application form.
They will also make regular follow-ups with the Port department for processing the AD Code registration online.
To get an AD Code, you will be provided with an AD Code certificate via Email.
While the procedure timeline is generally as described above, this might be a little different from site to site.
Procedure for AD Code Registration Chennai
#1. Write a letter to the bank branch manager requesting an AD code. The letter should be in the bank’s prescribed format.
#2. After processing the application the bank will provide the AD code document on the letterhead, as mentioned by the DGFT format.
#3. Now, the AD code only needs to be registered with an associated bank account at one port. This will be available at all customs locations.
#4. Any alternations to the AD code Registration account details should be made at the port of initial registration using Import Export Code Registration.
To keep things compact and hassle-free for AD Code Registration in Chennai, contact a trusted service provider. Many offer online solutions that you can easily afford. From initial consultation to getting you the AD code, you will get a comprehensive solution from them.
