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The AD Code, or Authorised Dealer Code, is a unique identification number assigned to banks and financial institutions in India that are authorized to deal in foreign exchange. It is required for various foreign exchange transactions, including the import and export of goods and services. Exporters must provide their AD Code when applying for benefits under government schemes or when filing export documentation to ensure compliance with foreign exchange regulations. This code helps streamline and monitor foreign trade activities in India.

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2w ago

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