Government of India at all times has made efforts for offering sources to facilitate and promote ‘ease of doing enterprise’ for merchants. The ministry of Commerce’s foreign trade arm “DGFT’ is all set to launch a digital platform for supply of services like issuance of Import-Export Code (IEC), one other transfer geared toward selling ease of doing enterprise for merchants.
Goal of recent DGFT platform:
The principle goal of this platform is to assist merchants electronically file their software associated to IEC, numerous export schemes similar to advance authorization and Export Promotion Capital Items (EPCG), monitoring the standing of the appliance, and elevating queries amongst different companies associated to the International Commerce coverage.
The platform might be rolled out in phases. There might be two phases by way of which the launch of recent DGFT platforms might be rolled out. The primary part is scheduled to go dwell on July 13, 2020.
First part of New DGFT platform:
Within the first part, the website might be catering to the IEC companies associated to the IEC issuance, modification, amendments, and many others. processes together with a Chat bot (a digital assistant) catering to queries of customers.
Second part of recent DGFT platform:
In the second one segment on line modules referring to Advance Authorization, EPCG (Export Promotion Capital Goods), and Exports Obligation Discharge as a way to be rolled out eventually after the primary segment stabilizes.
Key factors to be mentioned approximately the brand new platform layout for IEC offerings:
- Password primarily based totally system: Access to the offerings might be via a username and password primarily based totally system. The first time logins/consumer ID can be created via a registration procedure on the brand new platform.
- User ID creation: For consumer ID creation, registered cellular number/electronic mail ids of the IEC holders may be a obligatory requirement. The identical may be authenticated through the procedure of OTP/electronic mail primarily based totally authentication procedure.
- Linking of IDs and IEC: Users might need to hyperlink their login IDs to their precise Import Export Codes. The procedure of linking might be to be had put up login via Digital Signature / Aadhaar primarily based totally e-Sign.
- Requirement of E-sign: Digital Signature (DSC) / Aadhaar primarily based totally e-Sign may be required for making use of and editing IEC (Import Export Code) or including or updating the IEC-related customers. Users may also take vital moves for procuring/updating their statistics etc. at the DSC / Aadhaar.
Electronically submitting of the application:
The consumer profile may be then utilized by the IEC holders to have interaction with DGFT and IEC offerings. This will allow the consumer to electronically document their software associated with IEC, AA, EPCG, which include amendments and redemption, tracking the fame of the software, elevating queries, replying to the deficiencies, etc. amongst different offerings associated with the Foreign Trade policy.
Smooth and consumer pleasant capabilities:
The complete procedure of DGFT’s new platform is consumer pleasant. The new platform is likewise designed for the easy migration of legacy (older) information of DGFT and its stakeholders. The present information may be used for the web processing of the preceding packages henceforth. The customers may be capable of display the fame in their packages and the pending duties thereof. These several capabilities need to appreciably advantage the exchange community. Users are asked to familiarize themselves with the brand new platform and its capabilities.
Suspension of procedure on DGFT platform:
It is similarly knowledgeable that for the functions of go-stay of first segment and the desired structures configurations, the IEC packages and amendment procedure might be suspended from 3:00 pm on 10.07.2020 until 13.07.2020. Hence stakeholders need to plan earlier approximately the IEC offerings.
