What Is Bank Authorized Dealer Code?

An Authorised Dealer Code (AD Code) is

a 14-digit numerical code provided by a bank with which your business has a current account

. You will need to register an AD Code at every port from where your goods are cleared by customs.

What is ad code in bill of entry?

AD Code (

Authorised Dealer Code

) is a unique seven digit code assigned by the Reserve Bank of India to every Authorised branch of banks dealing with foreign exchange.

How do I find the Authorised Dealer Code of my bank?

What is an AD Code (authorised dealer)? An AD Code is a 14-digit numerical code you can get from the bank with which you have a current account to run your import-export business. The code

comes printed on a document with the bank's letterhead

, in a format prescribed by the DGFT.

How can I get IEC code?

1. Step 1: Application Form. First, you need to prepare an application form in the specified format – Aayaat Niryaat Form ANF-2A format and file it with the respective Regional office of DGFT.
2. Step 2: Documents. …
3. Step 3: Filing Application. …
4. Step 4: IEC Code.

What is ad code in DHL?

Authorized Dealer

(AD) code is a mandatory field in the Customs clearance system. Companies, Proprietorship and Partnership Firms are therefore required to submit their AD Code Letter as a mandatory document for Customs declaration.

How do I register my bank code on my Icegate?

Step 3: Click on Modify option Step 4: Click on Add location option and select the respective location and submit. Once Location added successfully, IEC holder needs to select the Bank Management System option and accordingly perform action to Add Bank Account for Authorized Dealer Code Bank Account Registration.

Who is an Authorised dealer?

An Authorised Dealer (AD) is

any person specifically authorized by the Reserve Bank under Section 10(1) of FEMA, 1999

, to deal in foreign exchange or foreign securities (the list of ADs is available on www.rbi.org.in) and normally includes banks.

How do I use AD code?

1. AD Code letter on banker's letterhead.
2. GST Registration.
3. IT returns of the company (3 years)
4. Bank statement (1 year)
5. IE code.
6. PAN (Company's PAN)
7. Board resolution.
8. Director or Partner or Proprietor basic info (PAN, Aadhaar card, Voter ID, Passport Copy)

How do I check my AD code status?

1. PAN Based IE code is generated by DGFT offices located all over the country and is aggregated at DGFT headquarters. To check whether your IE code has reached DGFT head quarters and the correctness of your IE code details,

Click IE Code @ DGFT button

.

Who prepares bill of entry?

A Bill of Entry is a legal document filled out by

an importer or his customs broker

with the relevant customs department. The only way to take the goods out of customs is to ensure that the Bill of Entry prepared by the carrier meets all the necessary import customs clearance formalities.

What is the fees for IEC code?

IEC code number registration fee is worth

Rs. 250.00

and can be pay via EFT (Electronic Fund Transfer), and submit IEC Online Application form. For an instant, the physical application containing required documents should reach DGFT RLA concerned within 15 days of its online submission.

Is current account mandatory for IEC code?

To apply for an IEC, PAN, bank account & valid address in the name of the firm

is mandatory

. Address may be physically verified by the DGFT on issuance of the IEC.

How do I change my IEC code?

To change address in IEC, first of all you need to

visit the DGFT portal

. There you will be required to enter your mobile number, email address, pin code, state and city. In the drop-down menu on the creation of new user portal, you will have to choose ‘Importer/Exporter'.

What are the acceptable KYC documents?

Officially valid documents (OVDs) for KYC purpose include:

Passport, driving licence, voters' ID card, PAN card, Aadhaar letter issued by UIDAI

and Job Card issued by NREGA signed by a State Government official.

What is DHL KYC?

Know Your KYC. What Is ‘

Know Your Customer

‘ (KYC)? All shipments sent from or received into India need KYC documents (Government recognized Identity and Address proof) to be presented to Customs during shipment clearance (reference: Customs Circular No. 9/2010).

What is the next step after getting IEC code?

Get IEC code and proceed to next step.

Register with Export Promotional Council

(RCMC): RCMC stands for Registration Cum Membership Certificate. Always remember, if you are an exporter of goods, then it is mandatory to register with the export promotional council or with Commodity Board of India.