CBIC Launches Auto-Approval For IFSC Code Registrations

09 Oct 2025 CW Team

In a move to further streamline Customs procedures and enhance trade facilitation, the Central Board of Indirect Taxes and Customs (CBIC) has introduced system-based auto-approval for IFSC code registrations, marking another step towards improving the Ease of Doing Business in India.

Under the new system, the registration of the same incentive-linked bank account and IFSC code for a particular Importer Exporter Code (IEC) across multiple Customs locations will now be automatically approved, provided the combination has already been authorised at one port. This automation eliminates manual verification by port officers, ensuring faster approvals and smoother processing for exporters.

According to the CBIC, the initiative aims to:

Enable swift processing of bank account and IFSC code approvals,
Simplify registration procedures at multiple ports,
Ensure seamless credit of export incentives to exporters’ bank accounts, and
Improve overall trade efficiency.

Exporters receive export-related benefits in their declared bank accounts via the Customs Automated System. While online registration of Authorised Dealer (AD) Codes through ICEGATE already exists, exporters previously needed approval from Customs officers at each port for incentive-linked bank account and IFSC registrations. This process often led to duplication and delays, especially when the same account details were used across multiple Customs locations.

The new automated system addresses these inefficiencies by introducing centralised verification and approval, thereby reducing administrative burden and transaction costs.

CBIC reaffirmed its commitment to using technology to simplify Customs procedures and deliver a better experience for India’s trading community. “By reducing manual intervention, we aim to make international trade more efficient, transparent, and business-friendly,” the agency said in a statement.

Infrastructure Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..