No Need To Register AD Code In Multiple Ports | Major Update For Exporters
This new circular will make AD code registration very easy & will enable exporters to compete with other major exporters
Time Stamps
00:00 - 00:16 Intro
00:16 - 00:37 What is AD code
00:37 - 01:06 How to get AD code
01:06 - 01:21 My Bank dont have AD Code
01:21 - 02:02 Who need AD code
02:02 - 03:33 New AD Code Update
03:33 - 03:58 Crux
03:58 - 04:11 Outro
What is AD code
It is 14 digit code given by the bank to the exporter.
What are ad banks
The term authorized dealer refers to *any type of financial institution that has received authorization from the RBI as a dealer to involve in the trading of foreign currencies*
. The transaction of the authorized dealer should have been conducted in pursuance of a legal mode and under the framework established by law
how to get ad code
you should have an IEC code & Current account in an AD category 1 bank
You can get AD code from that bank
My bank manager don't know about ad code / my bank is a small branch & dont have a ad code
in this case, you can get the ad code from the main branch
who needs AD code
every importer & exporter doing export or import by CSB 5 / ECCS need to register their respective ad code with customs. how to register will see in the video
. only exporters doing commercial exports need to register not importers
now the update
*earlier you need to update in every single port from where you will be doing export but now you need to register in only one port from where want to export & it will reflect in every port*
*you can register multiple ad codes*
*you can register different ad codes for different ports*
*you can update AD code anytime you want*
an now only online registration is there
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