Dak Ghar Niryat Kendra Expands Export Services with Automated IGST Refund and electronic payment reconciliation facility

0
19
Dak Ghar Niryat Kendra Expands Export Services with Automated IGST Refund and electronic payment reconciliation facility
Dak Ghar Niryat Kendra Expands Export Services with Automated IGST Refund and electronic payment reconciliation facility

PIB, September 17, 2024: The Department of Posts is pleased to announce a significant enhancement to its Dak Ghar Niryat Kendra (DNK) initiative, aimed at promoting commercial exports across the country. With over 1,000 Dak Ghar Niryat Kendras established nationwide, these centers offer exporters a range of services, including e-filing of postal bills of export, self-booking, electronic customs clearance, packaging, free pick-up, trace and track, volume-based discounts, handholding, and support and guidance for exporters.

In a major development, the integration between the Dak Ghar Niryat Kendra (DNK) portal has now been successfully established with the Indian Customs Electronic Gateway (ICEGATE), Indian Customs EDI System (ICES), Public Financial Management System (PFMS), and Export Data Processing & Monitoring System (EDPMS) of RBI. This integration will streamline data flow between DNK and systems of Customs and PFMS to automate IGST refunds. The flow of data into EDPMS will facilitate the issuance of electronic bank realization certificates (e-BRC) by authorized dealers (AD banks). Exporters will gain improved visibility over their export transactions and payments, enhancing decision-making capabilities.

Exporters utilizing the DNK Portal must register their AD code on the ICEGATE Portal and provide accurate bank account details to ensure timely IGST refunds and availing of the e-BRC facility of banks. The registration process is vital for verifying bank details and facilitating direct credit of refunds.

This integration marks a significant milestone in facilitation of exports through the postal network, particularly from remote and smaller locations, contributing to the ease of doing business for Indian exporters and is in direct alignment with the Government of India’s schemes of ODOP (One District, One Product), promoting GI-tagged products, Make in India, etc. to boost the exports.

Also readUnveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter 

About us:

CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.

CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.