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Showing posts with the label customs

How to Update My Import Export Code (IEC) Registration in India

  What Is the Import Export Code (IEC)? Import Export Code (IEC) is an unique identification number assigned to importers and exporters in India. It is mandatory to maintain IEC registration with the Central Board of Excise and Customs (CBEC) in order to trade in goods and services between India and other countries. To update your IEC registration, follow these steps: Login to the official website. Click on ‘Registrations’ tab. Select ‘Import/Export’ from the main menu and then click on ‘Registration Details’ from the sub-menu. On the ‘Registration Details’ page, under ‘Import Export Code (IEC)’, you will find the ‘Update IEC Registration Form’ link. Click on this link to open the form. Complete all fields on the form and click on the ‘Submit’ button to submit it. Your IEC registration will be updated automatically after submitting the form. Why Do I Need to Update My Import Export Code (IEC) Registration in India? Import Export Code (IEC) is a unique code assigned to a company whi...

AD Code

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What is AD Code ? An Authorized Dealer Code (AD Code) is a 14-digit numerical code provided by a bank with which your business has a current account. You will need to register an AD Code at every port from where your goods are cleared by customs. At the time of customs clearance, your Customs House Agent (CHA) will ask you to provide the AD Code for that particular port. Example of AD Code For example, if an exporter wishes to export your consignment from Nhava Sheva Port, Maharashtra, then the exporter would have to register the AD code at Nhava Sheva Custom port. Without an AD Code Registration, the Electronic Data Interchange (EDI) system, which is a part of the ICEGATE Portal (Customs National Trade Portal) will not allow the shipping bill number to be generated. The shipping bill number is mandatory for customs clearance, and an AD Code is required to receive government benefits directly into your business’s current account. Importance of AD Code in Exports A registered AD Code fo...