CBP updates ACE Secure Data Portal for electronic refunds via ACH

🛑𝗖𝗕𝗜𝗖 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗦𝘆𝘀𝘁𝗲𝗺-𝗕𝗮𝘀𝗲𝗱 𝗔𝘂𝘁𝗼-𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗳𝗼𝗿 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲 𝗕𝗮𝗻𝗸 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 & 𝗜𝗙𝗦𝗖 𝗖𝗼𝗱𝗲 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 The 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗕𝗼𝗮𝗿𝗱 𝗼𝗳 𝗜𝗻𝗱𝗶𝗿𝗲𝗰𝘁 𝗧𝗮𝘅𝗲𝘀 𝗮𝗻𝗱 𝗖𝘂𝘀𝘁𝗼𝗺𝘀 (𝗖𝗕𝗜𝗖) has introduced a system-based auto-approval process for Incentive Bank Account and IFSC Code Registration requests across all customs locations, 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟳, 𝟮𝟬𝟮𝟱. This initiative aims to simplify customs procedures, enhance trade facilitation, and improve the overall ease of doing business in India. 💡 𝗞𝗲𝘆 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: 𝗦𝘄𝗶𝗳𝘁 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴: Auto-approval of bank account and IFSC code registration requests reduces manual intervention and duplication of efforts. 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗲𝗱 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻: Exporters can now register their bank accounts and IFSC codes once, and the system will automatically approve them across all customs locations. 𝗙𝗮𝘀𝘁𝗲𝗿 𝗥𝗲𝗳𝘂𝗻𝗱𝘀: Auto-approval ensures quicker processing of IGST refunds and drawback claims, resulting in faster credit of export incentives into exporters' bank accounts. 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗔𝗱𝗺𝗶𝗻𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝘃𝗲 𝗕𝘂𝗿𝗱𝗲𝗻: The new system minimizes procedural hurdles and reduces transaction costs for exporters. ⚙️ 𝗛𝗼𝘄 𝗜𝘁 𝗪𝗼𝗿𝗸𝘀: If an 𝗜𝗺𝗽𝗼𝗿𝘁𝗲𝗿 𝗘𝘅𝗽𝗼𝗿𝘁𝗲𝗿 𝗖𝗼𝗱𝗲 (𝗜𝗘𝗖) has already had a specific incentive bank account and IFSC code approved at any one customs location, the system will automatically approve subsequent requests for the same combination at other locations. The existing workflow for submitting requests remains unchanged, but the system will directly approve eligible requests without manual intervention by customs officers. All auto-approved requests will continue to be validated through the 𝗣𝘂𝗯𝗹𝗶𝗰 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗦𝘆𝘀𝘁𝗲𝗺 (𝗣𝗙𝗠𝗦) to ensure bank account authentication. 📘𝗥𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲: CBIC Circular No. 24/2025 Once an exporter’s bank account and IFSC combination is approved at one customs location, it will be automatically approved across all other ports through 𝗜𝗖𝗘𝗚𝗔𝗧𝗘, while PFMS validation continues as before. ✅ A step forward towards seamless digital governance and trade facilitation under the CBIC ecosystem. 💬Feedback & Support: CBIC has invited stakeholders to report any issues for prompt redressal. 📧Contact: feedback.taxinfo@icegate.gov.in #CBIC #GST #Customs #EaseOfDoingBusiness #TradeFacilitation #Exporters #ICEGATE #DigitalIndia CA Chetan R Kakani

📢 CBIC introduces Auto-Approval for Incentive Bank Account & IFSC Code Registration! In a move to further streamline Customs processes and improve trade facilitation, the Central Board of Indirect Taxes & Customs (CBIC) has announced auto-approval for Incentive Bank Account and IFSC Code registration requests across all Customs locations. ✅ Exporters who have already received approval for a particular bank account–IFSC combination at one Customs port will now get auto-approval at all other ports. ✅ The existing submission workflow through ICEGATE remains unchanged — but the system will skip manual verification and directly forward the details to PFMS for validation. ✅ This change is expected to save time, reduce manual delays, and ensure a smoother IGST refund/drawback experience for exporters. we continuously track Customs and DGFT updates — ensuring your export documentation, refunds and compliance processes move seamlessly. 🚢✈️📦

How to file Table 15 of GSTR-1? 💡 If you're an E-Commerce Operator (ECO) falling under Section 9(5) of the GST Act, Table 15 is a critical section you need to be aware of. 📊 It includes four distinct parts based on the type of supplier: ✅ B2B (Registered Business to Business) ✅ B2C (Registered Business to Customer) ✅ URP2B (Unregistered Person to Business) ✅ URP2C (Unregistered Person to Customer) 🔍 Make sure you classify and file accurately to stay compliant! #GST #ECommerce #TaxFiling #Section9(5) #Table15 #Compliance #Finance #ECO #TaxTips

IOSS Registration and Compliance in 2025: What Non-EU E-commerce Sellers Need to Know The IOSS system is evolving fast—what worked in 2024 may not work by 2028. Non-EU sellers need to stay ahead to ensure smooth EU operations. ✅ IOSS is becoming essential—transparent VAT pricing and faster customs clearance are now expected by EU customers. ✅ Major changes by July 2028 – Under the EU’s VAT in the Digital Age (ViDA) reforms. ✅ The €150 threshold is removed—IOSS will cover all imported goods, not just low-value items. ✅ Marketplace liability shifting – Sellers and platforms will share VAT responsibility. ✅ Enhanced anti-fraud & data tracking – Digital credentials and pre-shipment customs data are required. ✅ Stricter intermediary requirements—Non-EU sellers must work with trusted EU-based intermediaries. ✅ Early registration = competitive advantage—Future-ready sellers are already optimizing their EU strategy around IOSS. Build your compliance foundation now to stay ahead of the 2028 reforms. Read the full guide: https://lnkd.in/geFa_tGe . . . . #CrossBorderVAT #IOSSregistration #VATCompliance #EcommerceTax #CustomsClearance #VATintheDigitalAge #ViDA

🚢 EXIM is evolving. Is your business keeping pace? From cash flow visibility to customs compliance, today’s exporters and importers face a maze of challenges: 🔍 Pain Points We See Every Day: Demurrages from missed ETAs Scattered documents across banks and stakeholders Untracked actions by CHA, inspection agencies, freight forwarders Real-time AR/AP gaps Penalties from missed licenses, certificates, and obligations Shipment delays, cost overruns, and compliance risks Reconciliation headaches with EDPMS, IDPMS, DFGT, and duty claims Fragmented systems, high operating costs, and audit inefficiencies 💡 What Businesses Need: Real-time shipment tracking Predictive planning and cost control A single digital trail for documents, payments, and compliance Seamless integration across platforms Transparent collaboration with banks, customs, and logistics ✨ The Solution? A unified EXIM collaboration engine. At SaMay Financial Services, we partner with platforms like Trezix to deliver: ✅ Real-time visibility ✅ Predictive intelligence ✅ Compliance automation ✅ Cost control and audit readiness ✅ End-to-end integration Let’s simplify trade. Let’s unlock growth. #EXIM #TradeFinance #GlobalTrade #SupplyChain #SaMayFinancialServices #Trezix #DigitalTransformation #Compliance #CashFlow #ShipmentTracking #Customs #Banking #AuditReady #SingleSourceOfTruth

Major Ease of Doing Business Reform by CBIC 📢 Circular No. 24/2025-Customs (dated 7th October 2025) introduces auto-approval of Incentive Bank Account and IFSC Code registration requests across all customs locations. ✅ What’s New: Exporters no longer need to get their incentive bank account and IFSC code manually approved at each port. If one customs location has already approved a bank account–IFSC combination for an IEC, the system will auto-approve the same at all other locations. ✅ How It Works: • Exporters will continue applying via ICEGATE as before. • The system automatically grants approval for already validated combinations. • The request still flows to PFMS for validation, ensuring financial authenticity. 💡 Why It Matters: This move will significantly: • Reduce manual intervention • Speed up IGST Refund and Duty Drawback processes • Improve consistency and ease for exporters operating at multiple ports 🔹 In short: CBIC continues to digitize and streamline customs operations, reinforcing India’s vision for a paperless, efficient, and exporter-friendly trade environment. #CBIC #ICEGATE #EaseOfDoingBusiness #Exporters #CustomsReform #TradeFacilitation #DutyDrawback #IGSTRefund #incentives Lucrative Exim Outsourcing Pvt Ltd. Lucrative Global Logistics

DAILY CLIENT ADVISORY Topic: ACE Portal Modernization — New Features for Importers and Brokers U.S. Customs and Border Protection (CBP) continues its phased ACE Portal Modernization, designed to enhance visibility, usability, and data integration for the trade community. The modernized interface improves navigation, search capabilities, and data analytics for both importers and licensed customs brokers. Key Highlights: • Modernized Dashboard: Centralizes account data for faster access to reports and entry summaries. • Enhanced Search Tools: Enables cross-module queries to support audits and compliance reviews. • Real-Time Data Visualization: Simplifies tracking for entry filings, liquidation, and drawback claims. • Phase Transition: Legacy ACE Portal will operate in parallel until full migration is complete. • Reference: CBP CSMS #55722821 – ACE Portal Modernization Deployment Update. Why It Matters: For importers and brokers, these updates reduce administrative burden and strengthen Responsible Supervision & Control under 19 CFR §111.1. Review your internal SOPs and training to align with the new tools and maintain compliance efficiency #TradeCompliance #CBP #CustomsBroker #ACEPortal #ImportOperations #CARGOTRON

As international trade progresses, the U.S. Federal Government is set to phase out paper checks for all disbursements, including duty refunds from U.S. Customs and Border Protection (CBP), by September 30, 2025. This transition poses challenges and opportunities for importers. To aid in this shift, CBP offers the Automated Clearinghouse (ACH) Refund Program, a complimentary service that directly deposits refunds into importers' bank accounts. While it complements the ACH payment system for customs fees, the refund program functions independently, necessitating a separate application even for companies already enrolled in ACH for payments. Importers can benefit from this program without being enrolled in ACH duty payments, broadening its accessibility. Refunds are channeled directly to importers' bank accounts, ensuring enhanced control and security by bypassing third-party involvement. For entities with multiple divisions or IRS numbers using different bank accounts, separate applications for each TIN suffix are required. Alternatively, a single application can list suffixes if one account is preferred. Refunds are typically initiated the Monday following liquidation, with deposits arriving the subsequent business day. Importers can utilize the Invoice Processing Platform (IPP) or access the REV-603 Trade Refund Report via the ACE Portal for payment tracking and reconciliation, offering comprehensive data on refund amounts, dates, and associated customs entry numbers. Key Benefits of the ACH Refund Program: - Speed: Deposits usually arrive within two business days of liquidation. - Security: Direct payments to bank accounts reduce the risk of check misplacement. - Flexibility: No need for ACH duty payment enrollment to receive refunds. - Visibility: IPP enrollment allows email alerts and refund data access. To enroll, importers should submit the ACH Refund Enrollment Form through CBP’s National Finance Center, using the company’s TIN or SSN as the vendor ID (Customs Assigned Numbers are not valid). The ACH Refund Program signifies a