Today Directorate General of Foreign Trade (DGFT) starts online payment facility for application fees via credit or debit cards. It is a small but crucial step forward, which lies under the dream project ‘Digital India’ of Honorable Prime Minister, Narendra Modi. This crucial step is taken towards the paperless, online functioning in 24X7 environments. Ms. RitaA.Teaotia, Commerce Secretary launched the facility of online payment.

online payment facility for application fees via credit or debit cards

 As a calculate of Trade Facilitation and Ease of Doing Business, DGFT has already maneuvered the ability of Online filing of different applications by the exporters/importers under the Foreign Trade Policy (2015-20).Near the beginning this year, DGFT also maneuvered the talent of online submission of applications. It has done for the issue of online Importer Exporter Code in digital format or e-IEC for importers/exporters/entrepreneurs. Now with the online payment facility individually accessible from 53 banks as well as Credit and Debit cards. It would be probable to not only apply online for reimbursement under a variety of schemes and, under Foreign Trade Policy but also create payment of the necessary application fee online. It is total to prevent the requirement to visit the offices of DGFT or banks for application’s submission. With the initiate of this new facility applicants can now pay fees online to DGFT through their Credit /Debit Cards or through net banking in a 24?7 environment, from the comfort of their homes/offices or IT kiosks. This facility would also make the field offices of DGFT paperless largely and allow them to function in 24*7 environments while saving additional spending on storage space. It would also make sure to convey the fee amount into government account on T+1 working day, keep away from excessive delay in deposit of bank drafts etc.

DGFT has signed a Memorandum of Understanding (MOU) with the Central Bank of India, which will give payment gateway services to the online portal of DGFT to enable importers/exporters/applicants to pay their application fees through Credit/Debit Cards or through net banking. The Central Bank of India will thus:

(i)  Provide facility for collection of fee through online portal of DGFT from banks through internet banking, debit cards, and credit cards;

(ii)  Provide e-challans, banks scrolls, transaction IDs for all successful transactions

(iii) Refund amount to the applicant within 3 days, in case of failed transactions;

(iv) Provide all relevant details for seamless integration with the PAO and subsequent reconciliation with banks and RBI; and

(v)  Transfer the funds as per remittance norms of the T+1 working day.

http://techiebun.com/wp-content/uploads/2015/07/digital-indias-new-programe..-1024x724.jpghttp://techiebun.com/wp-content/uploads/2015/07/digital-indias-new-programe..-150x150.jpgSachin SaxenaNewsToday Directorate General of Foreign Trade (DGFT) starts online payment facility for application fees via credit or debit cards. It is a small but crucial step forward, which lies under the dream project ‘Digital India’ of Honorable Prime Minister, Narendra Modi. This crucial step is taken towards the paperless, online...The tech Mag