CBIC Launches System-Based Auto-Approval for IFSC Code Registration

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  • By Taxmann
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  • Last Updated on 9 October, 2025

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CBIC auto-approval IFSC code registration

Press Release, Dated 07-10-2025

1. Introduction

The Central Board of Indirect Taxes and Customs (CBIC) has announced the introduction of a system-based auto-approval mechanism for IFSC code registration, marking a major step toward enhancing the Ease of Doing Business and improving trade facilitation. This automation initiative aims to streamline Customs procedures, minimize manual intervention, and ensure faster, more transparent processing for exporters across India.

2. Objective and Key Features of the New System

The new system is designed to simplify the process of registering Incentive Bank Accounts and IFSC codes for exporters. Under the revised framework, if an Importer-Exporter Code (IEC) holder has already registered a particular bank account and IFSC code combination at one Customs location, the same combination will now be automatically approved for registration at all other Customs locations. This eliminates repetitive manual verification by Port officers, thereby reducing processing delays and administrative burdens.

3. Benefits for Exporters and Trade Facilitation

This automation will significantly improve the efficiency of export operations by ensuring faster processing and seamless credit of export incentives. Exporters can now experience a smoother registration process across multiple ports without needing to file separate manual requests for each location. By introducing a uniform system-driven approach, the CBIC aims to enhance operational transparency, consistency in approvals, and overall ease of business for the trading community.

4. Continuation of Existing Processes

While the system-based approval simplifies IFSC registration, exporters must continue using the bank account declared in the Customs Automated System for receiving export-related benefits. Similarly, the registration of Authorised Dealer (AD) Codes will remain available online through the ICEGATE portal, ensuring that exporters can seamlessly manage all financial and incentive-related activities through a unified digital interface.

5. Conclusion

The CBIC’s move to implement auto-approval for IFSC code registration represents another milestone in India’s digital trade reforms. By leveraging automation to reduce human intervention and accelerate processing, the initiative aligns with the Government’s broader objective of promoting efficiency, transparency, and trust in trade governance. This development will not only facilitate quicker access to export incentives but also strengthen India’s position as a modern, technology-driven global trade hub.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied