Auto-approval of incentive bank account registrations enables system-granted cross-port IFSC acceptance and PFMS validation. The system will automatically approve registration requests for the same Incentive Bank Account and IFSC Code for an Importer Exporter Code (IEC) at different customs locations if that identical account-IFSC combination has already been approved at any one customs location. Submission workflow remains unchanged, approvals in these cases bypass port officer manual routing, and once approved by the system the request will be sent to PFMS for validation as per existing process.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Auto-approval of incentive bank account registrations enables system-granted cross-port IFSC acceptance and PFMS validation.
The system will automatically approve registration requests for the same Incentive Bank Account and IFSC Code for an Importer Exporter Code (IEC) at different customs locations if that identical account-IFSC combination has already been approved at any one customs location. Submission workflow remains unchanged, approvals in these cases bypass port officer manual routing, and once approved by the system the request will be sent to PFMS for validation as per existing process.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.