The Role of Valuations in Scaling Your Business
Valuations play a pivotal role in scaling your business. Whether you’re preparing for funding, strategic
To set up an import-export business in India, it’s mandatory to obtain two registrations: IEC (Import-Export Code) and AD (Authorised Dealer) Code Registration. The AD Code is a 14-digit number that’s crucial for customs clearance of goods, ensuring that foreign currency transactions through an exporter’s current account are legal. The AD Code is issued by the bank where the business or current account is held, in a format specified by DGFT. The bank should be authorized to deal with foreign currency. Registering the AD Code at the port of custom clearance is mandatory, as it’s required to generate the shipping bill number necessary for exporting goods.
Expanding Global Market Reach | AD Code Registration helps businesses to develop and reach a more extensive global market, allowing them to flourish at a rapid pace |
One-Time Process | Obtaining an AD Code is a one-time process, and businesses don’t need to submit any returns, making it a hassle-free process |
Long-Term Validity | The AD Code is valid for the existence of the business, and there is no need to renew it periodically. |
Eligibility for Incentives | Businesses can receive multiple incentives for their imports or exports from various government departments like the Directorate General of Foreign Trade, Export Promotion Council, Customs, and more, based on their AD Code. |
Essential Document for Export Clearance | AD Code is one of the crucial documents required for export customs clearance. Without it, businesses cannot produce a shipping bill on ICEGATE, the Indian Customs Electronic Data Exchange Platform. |
Credit Transfer | AD Code allows businesses to transfer credit directly to their current account, making transactions easier. |
Government Benefits | If a business has an AD Code registered with the customs, any government advantages they wish to avail of will be credited straight to their current account |
Step 1: Open a current account with a bank that deals in foreign exchange.
Step 2: Submit an application to the Branch Manager of the bank in the prescribed format, requesting for an AD Code.
Step 3: The bank will issue a 14-digit AD Code on its letterhead, as per the standard format prescribed by the Directorate General of Foreign Trade (DGFT).
Step 4: Register the obtained AD Code with the port from where the goods are to be exported or imported, or through the Indian Custom Electronic Gateway, ICEGATE.
Step 5: Create an ID at the ICEGATE portal using an organizational-based class 3 DSC.
Step 6: Collect all necessary documents and file an application at the custom house.
Step 7: Once all the required documents are submitted, including information related to the exporter and shipping of the consignment, the AD Code registration is complete.
Step 8: Obtaining an AD Code is a straightforward and one-time process that helps businesses in import and export operations, as well as provides access to government incentives.
1. Original AD Code Authorisation letter of the bank
2. Exporter’s letter on the letterhead requesting or authorising the registration of AD Code
3. Customs broker’s letter on the letterhead requesting AD Code Registration
4. GST Registration Certificate
5. Recent IT returns
6. Copies of bank proclamation
7. Import-Export Code License
8. PAN Card of company
9. Export House Certificate
10. Manufacturing License
11. Identity proofs of the owner/partner, such as Aadhar Card, PAN Card, Voter ID Card or Passport
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Make the payment through online mode.
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A mail will be send on completion.
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In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.
Dr Mohamed Yasir (Life Coach / Career Guide)10/09/2024Great experience with smooth process during the startup india registration Excellent coordination and teamwork with effective implementation in very limited timePravin Singhania26/06/2024Sound expertise, good coordination, efficient and timely execution.Sasikanth Vaddadi25/06/2024Good service and very helpfulVijay Agrawal18/06/2024We had a great experience working with the LegalSuvidha team - we have used them for both our Pvt Ltd and LLP formation and their team has been very proactive, knowledgeable, prompt and helpful. They helped with all DSCs as well and couriered them to us. Very professional and thorough. We also got our Startup India , MSME registrations through them promptly. Overall highly recommended. Special callout to Nidhi, Saloni, Anjalin, Shreya and Priyanka for promptly helping us throughout the process.Poornima Singh05/06/2024I am writing to thank you for the quality of service provided by your company. We sincerely appreciate your efficient, gracious customer service, the level of detail and accountability you have demonstrated and the way you conduct business as a whole. A special Thanks to Ms Saloni for her great help throughout.Abhishek Chaturvedi01/05/2024Excellent service and experienceGoogle rating score: 4.9 of 5, based on 427 reviews
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Valuations play a pivotal role in scaling your business. Whether you’re preparing for funding, strategic
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