international trade, navigating customs procedures and regulations is fundamental to conducting business across borders. Among the essential requirements for seamless customs clearance and efficient trade operations is the Authorized Dealer Code (AD Code). The Authorized Dealer Code, commonly called the AD Code, serves as a unique numerical identifier issued by the bank where a company maintains its current account. This code plays a crucial role in customs procedures, specifically during the export and import of goods. In this article, we will delve deeper into the significance of the Authorized Dealer Code (AD Code) in international trade and ICEGATE AD code registration procedure.
Whether you are an established exporter, an aspiring entrepreneur, or a well-known local seller, the aspiration to expand your brand and transform it into a global business is a common dream. With the advent of e-commerce exports and the seamless process it offers, numerous sellers from India are venturing into international markets and connecting with new customers worldwide. The initial step involves obtaining essential documents and ensuring compliance with regulatory obligations to embark on an export journey from India. Among these requirements, obtaining an AD Code (Authorized Dealer Code) is crucial for customs clearance.
The AD Code is a 14-digit numerical code issued by the exporter’s bank where they hold a business current account. This code, accompanied by the bank letterhead, can be acquired once the exporter has successfully registered for an Import Export Code (IEC) through the Director General of Foreign Trade (DGFT). It is important to note that the AD Code has lifetime validity, meaning it does not expire and remains valid indefinitely.
The following documents are required for AD Code registration:
1.Bank Certificate as per Customs Public Notice No. 93/2020 dated 29.07.2020 (format attached) – This certificate should be obtained from the bank and must comply with the prescribed format mentioned in the customs public notice. You can refer to the format in the link: Bank Certificate Format.
2.Company PAN Card with Seal and signature: A copy of the company’s PAN (Permanent Account Number) Card, duly stamped and signed, needs to be submitted.
3.IEC Certificate with Seal and Signature: The Import Export Code (IEC) Certificate, which serves as a unique identification number for importers and exporters, should be provided with the company’s seal and signature.
4.GST Certificate with seal and signature: A copy of the Goods and Services Tax (GST) Certificate, issued by the appropriate authority, along with the company’s seal and signature, must be submitted.
5.The company canceled cheque – A canceled cheque from the company’s bank account bearing the company’s name and account details needs to be provided. This verifies the authenticity of the bank account associated with the AD Code registration.
6.Class 3 Digital Signature Certificate (DSC) – A Class 3 Digital Signature Certificate, obtained from a licensed Certifying Authority, is required to ensure the authenticity and security of the online submission process.
