1) Importers and exporters can now import and export any permissible goods without restrictions on value or quantity by obtaining an Import Registration Certificate (IRC) or Export Registration Certificate (ERC).
2) Obtaining an IRC or ERC has a simplified process requiring only documents like a trade license, membership in a trade organization, tax ID, and bank certificate.
3) Certificates are issued within 3 hours of applying, and importers are classified into 6 categories based on annual import value with different registration and renewal fees listed.