AD Code Registration in Coimbatore

 

If you are a business owner in Coimbatore and engage in the import-export business, you must have heard about the AD Code registration. AD Code stands for Authorised Dealer Code, and it is a unique 14-digit code that is used to identify importers and exporters in India. In this article, we will discuss everything you need to know about AD Code registration in ICEGATE in Coimbatore.

 

What is AD Code registration?

 

AD Code registration is a mandatory requirement for businesses that want to engage in the import-export business in India. It is a unique identification code that is used by the Reserve Bank of India (RBI) to monitor and regulate international trade transactions.

 

Why is AD Code registration important in Coimbatore?

 

AD Code Registration is important for the following reasons:

Mandatory Requirement: AD Code registration is a mandatory requirement for businesses that want to engage in the import-export business in India.

Regulatory Compliance: AD Code registration ensures that businesses comply with the rules and regulations set by the RBI and other regulatory authorities.

Faster Clearance of Goods: AD Code registration enables businesses to get faster clearance of goods at the customs ports, thereby reducing the time and cost of import-export operations.

 

How to obtain AD Code registration in Coimbatore?

 

The process for obtaining AD Code registration in Coimbatore is as follows:

Step 1: Visit the ICEGATE website and click on the “Registration” option.

Step 2: Select the “AD Code Registration” option from the list of services.

Step 3: Fill out the online application form with all the required details such as the name of the business, address, contact details, bank account details, and PAN card details.

Step 4: Attach the required documents such as a copy of the PAN card, Aadhaar card, and bank statement.

Step 5: Pay the AD Code registration fee through the online payment gateway.

Step 6: Submit the application and take a printout of the application form.

Step 7: Sign the application form and submit it along with the required documents to the nearest RBI office in Coimbatore.

 

The processing time for AD Code registration in Coimbatore is usually around 4-5 working days.

 

The following documents are required for AD Code registration in Coimbatore:

• PAN card
• Aadhaar card
• Bank statement
• Passport-sized photographs
• Memorandum of Association (MOA) and Articles of Association (AOA) in case of a company
• Partnership deed in case of a partnership firm
• Copy of the Board Resolution authorizing the designated person to sign the AD Code application form
• Copy of the Cancelled Cheque containing the name of the applicant entity and the account number
• Copy of the Rental Agreement or Property Deed in case the business premises are rented

 

AD Code registration in ICEGATE is a mandatory requirement for businesses that want to engage in the import-export business in India. In Coimbatore, the process for obtaining AD Code registration is simple, and businesses can benefit from faster clearance of goods and compliance with regulatory requirements. By following the above steps and submitting the required documents, businesses in Coimbatore can easily obtain AD Code registration and streamline their import-export operations.