An AD Code is a 14-digit identifier issued by an authorised dealer bank for an exporter’s current account. The unique code helps to identify the banks through which the exporters handle their export-related foreign currency payments.
Exporters register it at the customs location used for shipments so customs, the bank, and export-realisation records can be matched. The exact registration workflow and documents should be checked on ICEGATE and with the handling bank.
How It Works:
- An exporter approaches an authorized bank to obtain an AD Code.
- The bank provides the 14-digit AD Code.
- The exporter registers the code with the relevant customs location.
- The code is used for export-related transactions and documentation.
- Export proceeds are received through the exporter’s authorized banking channel.
Benefits:
- Helps identify the exporter’s authorized bank
- Supports smooth export transactions
- Helps track foreign exchange receipts
- Assists with customs and export documentation
Example:
An Indian company exporting goods to the UAE obtains an AD Code from its bank and registers it with customs before shipping the goods.