DGFT Regulatory Doc

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade

Udyog Bhawan, New Delhi
Dated 09. 07. 2015 Trade Notice No. 07/2015 To

1. All IEC Holders
2. All EPCs / All Chambers of Trade and Industries
3. FIEO/ASSOCHAM/CII
4. All RA’s of DGFT

Subject: Operationalisation of online payments through debit / credit cards.

In keeping with the Digital India vision of Hon'ble Prime Minister, and taking yet another crucial step towards paperless, online functioning in 24x7 environment, Directorate General of Foreign Trade has launched the facility of online payment of application fees through Credit/Debit cards and electronic fund transfer from 53 Banks (List annexed).

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 exporters/importers. Now with the online payment facility being available from 53 banks, as well as through Credit and Debit cards, it would be possible to not only apply online for e-IEC and benefits under various schemes under Foreign Trade Policy but also make online payment of required application fee.

The charges applicable for using internet banking, debit/credit cards will be as follows:

Transaction Processing Charges Visa / Master Card Credit card transaction: 1.45% of payment amount per transaction.

Visa / Master Card/Rupay Debit Card transactions: For transactions upto Rs.2000/- : 0.75% of payment amount per transaction. For transactions above Rs.2000/- : 1.00% of payment amount per transaction.

Master Card/Rupay Debit Card transactions: For transactions upto Rs.2000/- : 0.75% of payment amount per transaction. For transactions above Rs.2000/- : 1.00% of payment amount per transaction.

Net Banking Transactions: For transaction upto Rs.10,000/- -: Nil For transaction above Rs.10,000/- -:Rs. 14/- per transaction / across all banks

Service tax would be extra

(S.P. Roy)
Joint Director General of Foreign Trade
Email: shyama.roy@nic.in

Issued from F.No.01/02/150/AM-13/EDI/PC-2[B]

Annexure Sl No. Existing list of banks providing Net banking facility Revised list of banks providing Net banking facility 1.
Axis Bank Allahabad Bank 2.
Bank of India Andhra Bank 3.
Central Bank of India
Axis Bank 4.
HDFC Bank
Bank of Bahrain and Kuwait 5.
Oriental Bank of Commerce Bank of Baroda 6.
Punjab National Bank Bank of India 7.
ICICI Bank Bank of Maharashtra 8.
IDBI Canara Bank 9.
State Bank of India Catholic Syrian Bank 10.
Union Bank of India Central Bank of India 11.

City Union Bank 12.

Corporation Bank 13.

Cosmos Bank 14.

Dena Bank 15.

Deutsche Bank 16.

Development Credit Bank 17.

Dhanlakshmi Bank 18.

Federal Bank 19.

HDFC Bank 20.

ICICI Bank 21.

IDBI Bank 22.

Indian Bank 23.

Indian Overseas Bank 24.

IndusInd Bank 25.

ING Vysya Bank 26.

Jammu and Kashmir Bank 27.

Karnataka Bank Ltd 28.

Karur Vysya Bank 29.

Kotak Bank 30.

Laxmi Vilas Bank 31.

Oriental Bank of Commerce 32.

ank 25.

ING Vysya Bank 26.

Jammu and Kashmir Bank 27.

Karnataka Bank Ltd 28.

Karur Vysya Bank 29.

Kotak Bank 30.

Laxmi Vilas Bank 31.

Oriental Bank of Commerce 32.

Punjab and Maharashtra Co-op Bank 33.

Punjab & Sind Bank 34.

Punjab National Bank 35.

Ratnakar Bank Ltd 36.

The Saraswat Co Operative Bank Ltd 37.

Shamrao Vitthal Co-operative Bank 38.

South Indian Bank 39.

Standard Chartered Bank 40.

State Bank of Bikaner & Jaipur 41.

State Bank of Hyderabad 42.

State Bank of India 43.

State Bank of Mysore 44.

State Bank of Patiala 45.

State Bank of Travancore 46.

Syndicate Bank 47.

Tamilnad Mercantile Bank Ltd 48.

TNSC Bank 49.

UCO Bank 50.

Union Bank of India

United Bank of India 52.

Vijaya Bank 53.

Yes Bank Ltd