AD Code Registration Visakhapatnam Customs

AD Code stands for authorised dealer code and this is essential for custom clearance as well as potential trade functions. It is generally issued by the bank branch of the forex account of an exporter. This account must be linked online on the ICEGATE 2.0 portal. AD Code Registration Visakhapatnam Customs plays a crucial role for exporters in controlling customs clearance for their shipments along with foreign trade transactions.

The AD code registration ensures smoother transactions in international trade. This is made possible by ensuring compliance with foreign trade policies while permitting potential tracking of all financial affairs related to exports. All you need to do is find a professional team that offers you seamless support in AD Code Registration in Visakhapatnam Customs.

Eligibility for AD Code Registration

• Dealing in export and import
• Import Export Code (IEC)
• GST registration/certificate

Documents Required

Certain documents are necessary to proceed with AD code registration:

• GST registration certificate
• Cancelled cheque
• Importer Exporter Code (IEC) certificate
• Bank Letter on banker’s letterhead
• Authority Letter
• PAN of Company/ firm
• The Aadhaar card of the applicant (Authorised Signatory)

Important Note: All of these documents should be signed by the authorised signatory and should also be stamped by the company/ firm.

Process for AD Code Registration Visakhapatnam Customs

The online AD code registration process can be considered challenging and can take time from other general registrations. Here is the online procedure:

Visit Forex Bank: Visit Forex Bank, where you have made all your business transactions since only this bank can issue an AD code for you.

Application Submission: An Applicant must write a letter to the branch manager requesting an AD code. All required documents should also be provided.

Get an AD Code Letter: Once the application is accepted, the authorised signatory will receive the letter from the bank. The letter needs to be printed on the letterhead of the bank in the prescribed form by the DGFT (Directorate General of Foreign Trade).

AD Code Registration for All Exporting Ports: After the applicant gets the AD code letter he/she can register for an AD Code Registration Visakhapatnam Customs.

ICEGATE AD Code Registration 2.0 Process:

• Visit ICEGATE 2.O website
• New users should create their accounts from the ICEGATE 2.O portal.
• Submit all required documents mentioned above.
• Wait for the 3-4 working days for the approval.
• Once the ID password is generated, the applicant may opt for the port registration.

Benefits of AD Code Registration Visakhapatnam Customs

• This permits the authorities to trace the foreign currency of trade.
• AD code registration facilitates subsidies or incentives that are directly deposited into the bank account of the exporter.
• The shipping bills play a vital role in customs clearance when it comes to import-export affairs. Once the code is registered, it will be easy to generate the shipping bills.
• Once the AD code is registered online, it comes with a lifetime validity with one-time fees leading to accessibility and functional continuity.
• The AD code registration process can be easily done online which provides exporters with the convenience of digital transactions.

As already mentioned, it can be easily done online. No need to physically visit regulatory offices. Therefore, if you have not applied for the AD Code Registration Visakhapatnam Customs yet, it is high time you did.