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24/01/2023 05:24pm

DGFT cautions exporters against misuse of Digital Signature Certificates

image DGFT cautions exporters against misuse of Digital Signature Certificates

New Delhi, Jan 24 (KNN) The Directorate General of Foreign Trade has cautioned exporters following cases of misuse of Digital Signature Certificates (DSC) by unscrupulous firms and agents while availing various services and benefits under Foreign Trade Policy.

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“Few firms/individuals, through unauthorized access to DSCs of few exporters, have recorded information on transfer of Chapter 3 scrips on DGFT portal. Trade is cautioned to have their DSCs under safety”, cautions DGFT communique.

Exporters and Importers generally handover the DSCs to their Customs House Agents (CHAs) as DSCs are needed for various purposes. 

The instances reported relates to Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) under which Duty Credit Scrips are granted as rewards.

The objective of schemes under this chapter is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs involved and to provide exporters a level playing field.

The Duty Credit Scrips are freely transferable. The Scrips can be used for Payment of Customs Duties for import of inputs or goods, payment of GST etc. 

DGFT has advised trade to get in touch with their DSC vendor to ensure no unauthorized issuance of DSCs against their Import Export Code (IECs).  (KNN Bureau)

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