FAQs About AD Code (Authorized Dealer Code)

Q – What is an AD Code?

A – This is a numeric code issued by Reserve Bank of India. AD code is issued to those banks which are dealing in foreign currency or authorized for it.

Q – Is there requirement for AD Code Letter for an Exporter/Importer?

A – Yes. It is mandatory in India to have Authorized Dealer Code Letter for Exporter/ Importer.

Q – What is an AD Code Letter?

A – An AD Code letter is issued by a bank which is dealing in foreign currency to the Exporter/ Importer who is having bank accounts in that Bank.

Q – What are the details mentioned in an AD Code Letter?

A – An AD code letter is issued by the Authroized Dealer Bank mentioned, Name and address of Exporter/Importer, IEC number (which is issued by DGFT), Bank Account Detail, Duration of Account an exporter/Importer having with the bank

Q – Where is AD code letter required?

A – An exporter/importer has to submit this AD code letter to the customs from where export/import clearance is being done. Now, it can be done online by exporter of importer from icegate portal. Step wise detail and guidance is given on this LINK

Q – Why does an exporter or importer need to register AD code?

A – An AD code is require for filing shipping bill or bill of entry. Shipping bill must have AD code detail with bank account number of exporter. If there is any government rebate in taxes/duties or any benefit, it will be passed on the exporter’s account directly.

Q – Can we change/modify AD Code?

A – Yes. We can change/modify AD code through icegate portal on this link https://www.icegate.gov.in/