The digital signature of Foreign Trade has made it simple for export and import organizations to authenticate documents using digital signature certificates. A specific DGFT server is available for the upload of electronic documents. Any organization requesting an import or export license that needs to be registered in the name of one representative authorized to represent the organization must have a class 3 digital signature certificate. All documents filed using a digital signature certificate are treated equally to physically signed documents. They are also eligible for benefits granted by the Indian Information Technology Act 2000 since the legal system recognizes digital signature certificates.
Usage of DSC in DGFT Portal Application and Form Verification:
The digital signature certificate confirms the validity and reliability of the digital documents presented to the DGFT to get a license for the import/export business. It is a digital instrument that is safer and more secure and upholds data confidentiality. Let's discuss how DSC is being used in practice using the DGFT portal.
For an organization's online registration:
DSC makes it easier for businesses to register online with the DGFT platform for international trade. It electronically verifies the organization's identity. The registration process for import/export enterprises is expedited and labour-saving when digital signature certificates are used.
Applying for a DGFT license:
The digital signature certificate enables a layered cyber security feature. It simplifies the online license application process and offers comprehensive cyber attack protection. As a result, it avoids any obstruction or hindrance to the license application process. Through the DGFT portal, you may securely trace your signed documents.
For the data's integrity:
It is challenging to change or modify the documents while conducting any transaction via the DGFT portal because DSC contains encryption and decryption procedures. DSC guarantees the absolute authenticity of the information sent as a result.
DGFT License Fees are reduced:
The DGFT will lower the license cost for import and export operations if an organisation applies online.
Reasons for using DGFT for processing import or export transactions:
Since a digital signature certificate ensures the authenticity of a document, DGFT is now responsible for using digital signature certificates across its entire library of digital documents. Alternatively, all EXIM companies must have a Digital Signature Certificate for all transactions connected to the DGFT platform. Once the job of verifying the sender's identity, the integrity of the documents, and the verification of the DGFT and DSC is completed, the documents must be prepared for licence issuance.
The DGFT portal allows online application submissions and convenience, allowing all EXIM-based businesses to reduce their licence fees by up to 50%. By submitting the invoices using a digital signature certificate, the companies can stop or avoid dishonest and unlawful practices like identity theft.
Final thoughts:
Any company seeking an export or import license needs a digital signature certificate with class 3. The business must register under the name of a single delegate authorized to speak on behalf of the company. A legal procedure is used to identify the Digital Signature Certificate. Therefore, the complete collections of documents that use a digital signature certificate are seen as being on par with manually signed copies.
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