Current Affairs · Customs Reforms and Trade Facilitation
Consider the following statements regarding the Central Board of Indirect Taxes and Customs (CBIC) automation initiatives aimed at bolstering the 'Ease of Doing Business': 1. The introduction of an automated centralized mechanism auto-approves IFSC code registrations for identical incentive bank accounts across multiple Customs locations once initial validity verification succeeds at a primary node. 2. This integration significantly reduces physical and manual documentation interfaces for exporters across distinct cargo hubs. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1
- 2Both 1 and 2✓
- 3Only 2
- 4Neither 1 nor 2
Correct answer
Both 1 and 2
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