New Delhi: In another step towards streamlining Customs procedures and enhancing trade facilitation, the Central Board of Indirect Taxes and Customs (CBIC) has introduced system-based auto-approval for IFSC code registration to enhance the ease of doing business, according to an official statement issued on Tuesday.

The system will automatically approve requests for registration of the same incentive bank account and IFSC code for a particular Importer Exporter Code (IEC) at multiple Customs locations, provided the same combination has already been approved at any one location. Thus, manual intervention by the port officer will be eliminated, and the system will directly approve such requests, as per the statement.

This initiative is aimed at the swift processing of bank account and IF

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