CBIC

October 7, 2025 8:30 PM

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CBIC introduces system-based auto-approval for IFSC code registration

The Central Board of Indirect Taxes and Customs (CBIC) has introduced system-based auto-approval for IFSC code registration to enhance ease of doing business. Ministry of Finance, in a statement, said that this initiative is aimed at the swift processing of bank account and IFSC code approval requests and simplifying the registration process at multiple ports. It will also ensure faster and seamless credit of export incentives into exporters’ bank accounts and enhance overall trade ef...

August 26, 2025 4:22 PM

CBIC advises stakeholders to wait for official GST rate announcements

The Central Board of Indirect Taxes and Customs (CBIC) has urged people to avoid speculation on GST rates. In a social media post, CBIC said that decisions in this regard are taken collectively by the GST Council, which comprises the Centre and States. It said that premature speculation gives rise to baseless rumours and may cause volatility in the markets. CBIC also advised all stakeholders to kindly await the official announcements, which will be made after the GST Council meeting scheduled on...

September 28, 2023 4:25 PM

CBIC plays crucial role in fight against illicit trade: CBIC Chairman Sanjay Kumar Agarwal

Chairman of Central Board of Indirect Taxes and Customs (CBIC) Sanjay Kumar Agarwal on Thursday said that tackling the issue of illicit trade is necessary for safeguarding India’s economic stability, ensuring fair competition, and fostering a conducive environment for sustainable growth. Addressing the inaugural session of a two-day conference on Tackling Illicit Trade in New Delhi, Mr. Agarwal said that CBIC plays a crucial role in the fight against illicit trade. The Conference was organized...