Directorate General of Systems and Data Management of Central Board of Indirect Taxes and Customs on 13th January, 2024 issued “Advisory for Electronic Cash Ledger (ECL 2.0) on ICEGATE.
Introduction
The new CBIC E-Payment platform has been envisaged to enable the functionality for collecting both tax and non-tax receipts for CBIC on behalf of Third-party applications like CBIC GST, SEZ, and ICES or any other third-party application in future through multiple modes of payment i.e. NEFT/ RTGS and Internet Banking and Electronic Cash Ledger. The platform has been designed as best-in-class with real time API based integration between ICEGATE and all stakeholders to provide superior user experience of payment to the Taxpayer and real-time accounting and settlement of government revenues.
Overview of Electronic Cash Ledger
- The e-Cash Ledger module enables user to create a virtual account on ICEGATE website and act as mode of payment to pay custom duties online apart from the current mode of payments which are Internet Banking and NEFT/RTGS.
- Cash ledger is a type of wallet facility on ICEGATE website to credit funds in the virtual account of the registered trade user and use for custom duty payments.
- A wallet can be activated by the registered IEC holders and deposits can be made into it through Internet Banking or NEFT/RTGS.
- To ensure no unauthorized access to Cash Ledger account the service is only available post login and to further enhance the access control mobile and email OTP based mechanism is envisaged in e-Cash Ledger.
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