#ZeeBusiness CBIC launches auto-approval for IFSC
CBIC launches auto-approval for IFSC
he CBIC has rolled out system-based auto-approval for IFSC code registration to streamline Customs processes and enhance trade facilitation. Exporters registering the same bank account and IFSC at multiple ports will now get automatic approval, eliminating manual intervention. This ensures faster processing of export incentives and reduces duplication of efforts. The initiative leverages technology to simplify procedures, improve ease of doing business, and enable seamless credit of benefits into exporters’ bank accounts, supporting India’s trade ecosystem.
#CBIC #CustomsUpdate #IFSCApproval #ExportIncentives #EaseOfDoingBusiness #TradeFacilitation #DigitalCustoms #ICEGATE #ExporterBenefits #IndiaTrade
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