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 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

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

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search