The Central Board of Indirect Taxes and Customs (CBIC) has notified the auto-approval of incentive bank account and IFSC Code registration requests across all customs locations.
As per the instruction No 25/2023-Customs dated 28.07.2023, the list of documentary requirements and timeline for approval of AD code and IFSC registration for incentive bank account at the port. It is stated that, with respect to bank account registration for IGST refund/drawback purpose, an option is available in ICEGATE portal for applying registration of incentive bank account for every port, where the exporter intends to transact.
The instructions directed to put in place a suitable mechanism the application for AD Code/bank account registration dealt on the same day when made before 2 PM. In other cases, the application should be disposed before 2PM on the next working day.
The Board has examined the IFSC code approval requests at different ports in consultation with the Directorate General of Systems. In order to further streamline the process, it has been decided that the system will automatically approve requests for registration of the same incentive bank account and IFSC code for an Importer Exporter Code (IEC) at different customs locations, provided that the same combination has already been approved at any one customs location.
The existing workflow of submission of requests shall remain unchanged. However, the approval will be granted directly by the system, and such requests will not be routed to the Port officer for manual approval. Once approved by the system, the request will continue to flow to PFMS (Public Financial Management System) for validation, as per the existing process.
Notification Details
Circular No 24/2025-Customs
Date: 07/10/2025
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