Importance of Digital Signature Certificate for Foreign Trade

DGFT stands for Directorate General of Foreign Trade. It is the organisation responsible for administering foreign trade and foreign investment in India. It comes under Ministry of Commerce and Industry of the Government of India. DGFT is the person in command for Import and Export Policies in India. It helps in developing trade with other nations and hence improves the economic growth of the country.  DGFT is also the licensing authority for exporters and importers. It introduces different trade promoting proposals and issues notifications, circulars and notices on timely basis.   To order to work together, DGFT issues a digital signature certificate i.e. DSC. All exporters and importers need to apply for DSC for DGFT before starting any communication.

With the advent of Internet technology in India, all business communications are done electronically. This generates the need to protect all communication done between two parties so that people with malicious intent are not able to misuse them. Paper forms are obsolete now and E-filling is the latest trend. This makes digital signature certificate mandatory for all organisations. DSC for DGFT is similar to hand written signature and confirms the identity of the person filing the document.  DSC for DGFT also confirms the authenticity of the digital message or document issued from exporters or importers. DSC for DGFT avoids all sorts of forgery or tampering. It is also illegal to use somebody else’s digital signature without permission.

Like hand written signature, digital signature also confirms the identity of the person filing the form electronically. The sender whose digital signature is used in the e-form cannot deny the accuracy and validity of the document. It is valid for 1-2 years and needs to be renewed thereafter.

Currently in India, Tata Consultancy Services-Certifying Authority (TCS-CA) offers a variety of Digital Certificates for many purposes. These certificates are used in many government and private organisations. Some of the companies accepting digital certificates in India are IFFCO, Northern Railway, MCA 21, E-filing, E -tendering etc. Directors, auditors, company secretaries or any other authorised signatories of companies need to have Digital Signature Certificate.  It has to be authorised from a Licensed Registration Authority. Mainly there are three types of digital signature certificates- Class 1, Class 2 and Class 3. The difference between them is in the security level.

With the increase in Internet usage in the country, cyber crime has also increased over the years. Cyber crime usually attacks on Identity, Privacy and Finances of the person. Here is when the role of DSC comes as it is considered as one of the strongest tools to Cyber Security.

E-Solutions offers DSC for DGFT, Digital Signature Certificate for your DGFT needs.

Published at: Articlicious Article Directory

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