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What is AD Code?
AD Code stands for Authorized Dealer Code. It is a 14 digital unique numerical code a seller receives from the bank with which they have an account for therir internation business and it is mandotary for export customer clearance.
The AD Code is an essential part of the foreign exchange control framework in India and is used for various purposes related to international trade and payments
Benefit of AD Code is required? .
1) Ensuring Compliance and Security
2) Facilitating International Payments
3) Record-Keeping and Monitoring
4) Identification of Banks
And Many more benefits in international trade
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