Updated on July 06, 2024 06:08:23 PM
AD code Registration in New Mangalore port is a unique 7-digit code assigned by the Reserve bank of India to every authorized branch of banks dealing in foreign currencies.
Read on to know the benefits, document requirements and how to apply for ICEGATE AD Code at New Mangalore port.
AD Code ICEAGATE Certificate [Sample]
AD code stands for Authorized Dealer’s code. It is a letter from the bank mentioning the Authorized dealer’s code provided to each bank by the Reserve Bank of India.
Once the AD code is issued, you must register it with every port from where you plan to export goods. It is also called an AD code letter by the CHA(Customs House Agent).
The primary purpose behind AD code registration is to ensure that foreign currency transactions have been made from a legitimate source.
Once you receive the AD code on the bank’s authorization letter, You need to register the AD code online on the ICEGATE portal for customs clearance. The following documents are required to proceed with the application:
Our team of professionals will assist you in preparing the documents for the application.
The benefits of an AD code registration in New Mangalore port are as follows:
The application fee for AD code registration in New Mangalore Port is ₹2,999/- only. It is a one-time fee which has to be borne by the exporter.
Note- There is no government fee for AD code registration.
The process of AD code registration on Icegate is executed in 4 steps:
You can check if your AD code is registered on the Icegate portal or not by generating the shipping bill. If the shipping bill is generated, then your AD code is registered with that port.
Registering an AD code can be a difficult and time taking process. It is advised to seek an expert’s help to avoid complications and rejection of the application.
We are a team of professionals who provides AD code registration for your import-export business at the minimum price guaranteed. You can apply for the AD code registration for Exports with us in just three simple steps.
Step 1:
Contact us
Step 2:
Provide all required documents
Step 3:
Get AD code certificate within 5 days
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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For customs clearance, AD code registration at designated ports is mandatory for exporters and importers. You are not allowed to export goods without AD code registration.
AD code is required to generate shipping bill on icegate portal. A shipping bill is compulsory for importing and exporting of goods. AD code also allows you to receive payments in foreign currencies.
Reserve Bank of India issues the AD code to the Authorized branches of banks dealing in foreign currency transactions.
You can get an AD code from the bank with which you have a current account. You need to send a request to the branch manager in a prescribed format to issue the AD code on the Bank letterhead. Once the AD code is issued, it is registered with the New Mangalore port on the Icegate portal.
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