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of <h1>New Directive: Standardized AD Code Registration for Exports Using Bank Authorization and Cancelled Cheque for Faster Processing.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the standardization of documentary and information requirements for AD Code registration and modification related to exports. It highlights the need to streamline processes due to grievances about delays in AD code and bank account registration. The directive mandates reliance on two key documents: a bank's authorization letter with specific details and a cancelled cheque or bank statement. This aims to eliminate physical interactions and expedite application processing, with a requirement for same-day or next-day resolution. Issues in implementation should be reported to the Board.
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