Online Biz With DGFT A Reality Now

New Delhi, Jan 28 | Updated: Jan 29 2004, 05:30am hrs
Commerce minister Arun Jaitley launched the digital signature and electronic fund transfer facility here on Wednesday.

This will enable exporters to submit online import and export applications in the offices of the directorate general of foreign trade (DGFT), he said. The DGFT has tied up with Safescrypt to provide technical and related support for integration of the public key infrastructure and encryption technology to the DGFTs network of electronic data interchange (EDI).

A memorandum of understanding (MoU) has been signed with ICICI Bank and HDFC Bank. Another MoU will be signed with the State Bank of India. The MoUs are for providing electronic fund transfer facility for depositing the import-export licence fee as per the requirement of the EXIM Policy.

To encourage electronic filing of applications by the exporting community, the DGFT has reduced the licence fee to 50 per cent in cases where online digitally signed applications with electronic fund transfer are submitted on its website, said director general of foreign trade Lalit Mansingh.

With this facility, the exporter will not be required to submit paper applications while interacting with the office of DGFT, Mr Jaitley said, adding that minimum interaction with officers would be in the interest of transparency.

The user-friendly website of DGFT is updated on a daily basis, Mr Mansingh said. Exim policy and its related procedures are available on the Web for information and download.