The Directorate General of Foreign Trade (DGFT) today launched the facility of online payment of application fees through credit/debit cards and electronic fund transfer from 53 listed banks.
With the launch of this new facility applicants can now pay fees online to DGFT through their credit /debit cards or through net banking in a 24x7 environment, from the comfort of their homes/offices or IT kiosks.
This facility would also make the field offices of DGFT paperless to a large extent and enable them to function in 24x7 environment, while saving extra expenditure on storage space. 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 etc.
DGFT has signed a memorandum of understanding (MoU) 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/debit cards or through net banking. The Central Bank of India will thus:
- Provide facility for collection of fee through online portal of DGFT from banks through internet banking, debit cards and credit cards;
- Provide e-challans, banks scrolls, transaction IDs for all successful transactions;
- Refund amount to the applicant within 3 days, in case of failed transactions;
- Provide all relevant details for seamless integration with the PAO and subsequent reconciliation with banks and RBI; and
- Transfer the funds as per remittance norms of T+1 working day.
The charges applicable for using internet banking, debit / credit cards will be 1.45 per cent of payment amount per transaction as transaction processing charges for payments using Visa / Master Card credit cars and 0.75 per cent of payment amount per transaction amount up to Rs2,000 for transactions using Visa / Master Card / Rupay Debit cards.
For transaction amount above Rs2,000 the transaction fee will be 1 per cent of payment amount per transaction.
For net banking transaction for amounts up to Rs10,000 there will be no transaction fee while for amounts above Rs10,000 Rs14 per transaction will be charged across all banks.
These are in addition to applicable service taxes.
As a measure of trade facilitation and ease of doing business, DGFT has already operationalised the facility of online filing of various applications by the exporters / importers under the Foreign Trade Policy (2015-20).
Early this year, DGFT also operationalised the facility of online submission of applications for issue of online Importer Exporter Code in digital format or e-IEC for entrepreneurs /exporters /importers.
Now with the online payment facility being available from 53 banks as well as credit and debit cards, it would 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 DGFT or banks for submission of applications.