Description

AD Code registration refers to the process of obtaining an Authorized Dealer (AD) Code from the Reserve Bank of India (RBI). This code is essential for businesses engaged in foreign exchange transactions, including importers and exporters. The AD Code is a unique 14-digit identification number assigned to entities by their bank. It facilitates smooth transactions and compliance with foreign exchange regulations. Obtaining an AD Code is a crucial step for businesses looking to engage in international trade and financial transactions, ensuring they adhere to regulatory requirements set by the RBI. AD Code Registration Online- AD Code, or Authorized Dealer Code, is a 7-digit number provided by the bank for foreign currency transactions. Import Export Code Registration and AD Code Registration are the two most critical registrations that all exporting businesses must complete. ICEGATE Registration is necessary for customs clearance of goods from India. AD Code registration on the ICEGATE site is necessary for each port independently. The purpose of registration is to confirm that foreign currency transactions in the exporter's current bank account are legitimate.