Duty Drawback Registration
Posted: Wed Feb 12, 2025 7:50 am
AD Code
The AD Code, known as dealer code, is a unique code assigned to Indian banks that have the authorisation and permission to conduct foreign exchange transactions.
Its main role is to facilitate foreign currency transactions related to imports and exports during the course of international trade. This AD Code allows banks to handle the most intricate financial aspects of cross-border trade.
3.
This process lets exporters get a refund on those pesky customs duties and taxes india phone number list paid on imported goods, but only if those materials are subsequently exported.
You can secure a partial refund for the part of customs duties paid on imported materials that end up getting used in the production of exported products.
4. Port KYC Approval
Whether you’re a company or an individual entity, if you want to carry out international trade and port cargo handling, you’ll need a Port KYC (Know Your Customer) approval first.
This whole process is the port authorities and customs giving you the green light after making sure you’re legit and follow all the laws, rules, and regulations set by different destinations.
5. Inspection Report (If needed)
Some buyers like to do their homework, so they may ask for an inspection report from the importer or exporter.
The AD Code, known as dealer code, is a unique code assigned to Indian banks that have the authorisation and permission to conduct foreign exchange transactions.
Its main role is to facilitate foreign currency transactions related to imports and exports during the course of international trade. This AD Code allows banks to handle the most intricate financial aspects of cross-border trade.
3.
This process lets exporters get a refund on those pesky customs duties and taxes india phone number list paid on imported goods, but only if those materials are subsequently exported.
You can secure a partial refund for the part of customs duties paid on imported materials that end up getting used in the production of exported products.
4. Port KYC Approval
Whether you’re a company or an individual entity, if you want to carry out international trade and port cargo handling, you’ll need a Port KYC (Know Your Customer) approval first.
This whole process is the port authorities and customs giving you the green light after making sure you’re legit and follow all the laws, rules, and regulations set by different destinations.
5. Inspection Report (If needed)
Some buyers like to do their homework, so they may ask for an inspection report from the importer or exporter.