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AD Code Registration

An AD, or Authorised Dealer, is a 14-digit code issued by a bank to an exporter or importer. It is required for all export and import transactions involving foreign currency. The purpose of the AD Code is to ensure that foreign currency transactions are genuine and not used for illegal purposes.

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Documents Required for AD Code Registration

The documents required for AD Code registration may vary depending on the bank and the type of entity applying for the code. However, the following are some of the most common documents that are required:

  • IEC Registration Certificate: This certificate issued by the Directorate General of Foreign Trade (DGFT) establishes the entity’s eligibility to export or import goods.
  • Bank Account Details: This includes the name of the bank, the branch address, the account number, and the IFSC code.
  • Proof of Identity: A PAN card, Aadhaar card, passport, or voter ID card.
  • Proof of Address: This could be a utility bill, a lease agreement, or a property registration document.
  • Board Resolution: This is a resolution passed by the entity’s board of directors authorising the registration of the AD Code.
  • Letter of Authorisation: This is a letter from the authorised signatory of the entity authorising the person applying for the AD Code to do so on their behalf.

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