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Commerce Ministry launches e-payment facility to improve ease of doing business

News:

  • Commerce Secretary Rita Teaotia said that the facility for online payment of application fees through credit or debit cards and other electronic fund transfers, will help in exporters and importers in terms of facilitating the country’s trade.
  • Director General of Foreign Trade (DGFT) Pravir Kumar said that with the launch of this new facility, applicants can now pay fees online to DGFT through their credit or debit cards or through net banking 24×7.
  • He added that 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.
  • The Central Bank of India will provide payment gateway services to the online portal, e-challans, banks scrolls, transaction IDs for all successful transactions and refund amount to the applicant within 3 days and in case of failed transactions.

Source: BS

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