Home / Knowledge / News / Textiles / Govt launches online payment facility for import, export
Govt launches online payment facility for import, export
10
Jul '15
The commerce and industry ministry has launched the facility for online payment of application fees through credit or debit cards and other electronic fund transfers, according to a government statement.

The facility of online payment was launched by commerce secretary Rita Teaotia.

The move is aimed at improving ease of doing business for exporters and importers. With the online payment facility being available from 53 banks as well as credit and debit cards, it will be possible to not only apply online for benefits under various schemes under Foreign Trade Policy but also make payment of the required application fee online, thus totally obviating the need to visit the offices of directorate general of foreign trade (DGFT) or banks for submission of applications. Applicants can now pay fees online to DGFT through their credit or debit cards or through net banking 24x7.

“This facility would also make the field offices of DGFT paperless to a large extent and enable them to function in a 24x7 environment, while saving extra expenditure on storage space,” director general of foreign trade Pravir Kumar said. “It would also ensure transfer of the fee amount into government account on T+1 working day, avoiding undue delay in deposit of bank drafts.”

DGFT has signed an agreement with the Central Bank of India, that will provide payment gateway services to the online portal of DGFT to enable applicants, exporters, importers to pay their application fees through credit or debit cards or through net banking.

The Central Bank of India will provide e-challans, banks scrolls, transaction IDs for all successful transactions; refund amount to the applicant within 3 days and in case of failed transactions.

Among the 53 public and private sector banks which are providing these facilities are Allahabad Bank, Bank of India, HDFC Bank, ICICI Bank, IDBI Bank, Punjab National Bank, State Bank of India and Deutsche Bank. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search