Port Registration & Authorized Dealer (AD) Code Registration
AD Code registration is mandatory for exporters to receive foreign remittances directly into their bank accounts.
The process involves:
-
Obtaining AD Code letter from authorized bank
-
Registration at specific customs ports
-
Linking IEC with port authorities
-
Updating customs records
Without AD Code registration, export proceeds cannot be properly credited and reconciled.
Proper port registration ensures smooth export documentation and banking compliance.