Directorate General of Foreign Trade (DGFT) plays an important role in regulating and facilitating India's import and export activities. It is a government agency under the Ministry of Commerce and Industry in India. It plays a crucial role in promoting India's international trade, enhancing export competitiveness, and ensuring compliance with international trade laws and agreements.
To ensure the security, and legality of electronic transactions with DGFT, the use of a Digital Signature Certificate (DSC) has become very important. It verifies the identity of individuals or organizations engaging in online transactions and businesses dealing with international trade. So, if want to secure your transactions, then get your DSC for DGFT now!!
DGFT Login
1. Go to the official DGFT website.
2. At the top right corner of the homepage, you'll find the "Login" button, click on it.
3. You will be taken to the login page. Enter your User ID and Password.
4. Enter the captcha code displayed on the screen to verify you are not a robot.
5. Click on the "Login" button to access your account.
DGFT DSC Uses
IEC Application⦁
Importer Exporter Code (IEC): A DSC is needed to apply for a new IEC or change an existing one as an IEC is required for any business that imports or exports in India.
Online Filing of Applications⦁
Schemes and Benefits: Use a DSC to apply for schemes such as Advance Authorization, DFIA, and EPCG.
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MEIS/SEIS Applications: Use to apply for the MEIS and SEIS schemes.
Customs Documentation⦁
Electronic Filing: Sign and submit customs documents electronically to comply with customs regulations using a DSC.
Licenses and Certificates⦁
Export Licenses: Apply for and renew export licenses and certificates.
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Import Licenses: Obtain import licenses for restricted goods.
Secure Communication⦁
DGFT Correspondence: Ensure secure and authenticated communication with DGFT officials.
Digital Payments⦁
Fee Payments: Make secure digital payments for application fees, penalties, and other charges through the DGFT portal.
Compliance and Verification⦁
Compliance Filings: Submit various compliance-related documents.
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Verification: Ensure the documents are verified and authenticated, reducing the risk of fraud.
Legal Validity
⦁ [B]E-Signing Documents: E-sign documents with legal validity equivalent to physical signatures under the Information Technology Act, 2000.
To securely carry out digital transactions with the DGFT, individuals or businesses can acquire a DGFT DSC from reliable providers such as
Capricorn CA.What are DFIA and EPCG?
DFIAThe Duty-Free Import Authorization (DFIA) is a beneficial scheme introduced by the DGFT in India to boost export competitiveness. Under this scheme, exporters are allowed to import specified inputs, such as raw materials, components, fuel, oil, energy sources, and catalysts, without paying customs duty on them. The main objective of DFIA is to lower production costs for exporters by exempting them from import duties on essential inputs, thereby making Indian products more competitive in the global market.
EPCGThe Export Promotion Capital Goods (EPCG) scheme is an initiative introduced by the DGFT in India to encourage and promote exports. Under this scheme, eligible exporters can import capital goods, machinery, equipment, and technology at concessional customs duty rates or even duty-free, with the condition that they commit to achieving specific export obligations.
How DSC is useful for IEC?
Importer Exporter Code is a 10-digit unique code issued by DGFT in India to businesses or individuals engaged in import and export activities. The IEC acts as a primary identification number for exporters and importers in India and is mandatory for engaging in international trade transactions. A DSC for DGFT is required to apply for a new IEC and make changes to an existing one.
⦁ The
DSC makes sure your identity is secure and verified during the IEC application, keeping the process genuine and safe.
⦁ Your application data stays safe and unchanged with a DSC, reducing the risk of unauthorized access or changes.
⦁ It is essential for IEC applications, to ensure you meet all the necessary rules and procedures.
⦁ Besides applications, a DSC can sign other IEC-related documents, making everything quicker, smoother, and more secure.
MEIS vs SEIS
MEIS stands for Merchandise Exports from India Scheme. It is an export promotion scheme introduced by DGFT. It aims to incentivize and boost exports of specified goods manufactured in India by providing exporters with duty credit scrips. Whereas SEIS stands for Service Exports. It is an export promotion scheme implemented by DGFT in India. It aims to incentivize and boost exports of specified services from India by providing exporters with duty credit scrips.
DSC uses in MEIS and SEIS
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Claiming Benefits: Exporters use a DSC to digitally sign documents when they receive duty credit scrips or incentives under MEIS and SEIS.
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Reporting Compliance: They need to digitally sign compliance reports and declarations with a DSC. This proves authenticity and follows DGFT guidelines.
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Document Verification: DGFT checks digitally signed documents for validity and legality. A DSC helps in verifying these documents easily.
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Secure Communication: It ensures secure communication between exporters, DGFT, banks, and other stakeholders involved in the MEIS and SEIS processes.
Conclusion
DSC for DGFT provides a secure platform for exporters and importers to conduct their trade operations, reducing paperwork, saving time, and enhancing overall transparency in international trade transactions.
So, Don't wait- get your
DSC for DGFT from Capricorn CA to unlock a world of faster processing times, and a smoother import & export experience.
