Lesson
Businesses that import or export goods or services are granted a ten-digit alphanumeric designation known as the Import Export designation (IEC). Importing and exporting is prohibited for any company without the Import and Export Code. Tax officials like Customs and DGFT personnel utilize the IEC, which is issued by the regional office of the Director General of Foreign Trade (DGFT), to uniquely identify import and export enterprises throughout India. In addition, the Indian economy's financial stability is guaranteed by the DGFT, which employs the IEC code to control the importing and exporting activities of Indian companies. In order to confirm the integrity and authenticity of digital documents submitted to the DGFT in order to secure import/export licenses, the Digital Signature Certificate (DSC) is essential. It offers a dependable and safe way to preserve data secrecy. Let's investigate the real-world uses of The Directorate General of Foreign Trade (DGFT) of India issues a specialised digital signature known as the DGFT Digital Signature Certificate. This accreditation is very important for online transactions involving international trade. It validates and authenticates a range of online actions, such as submitting returns and licenses on the DGFT website. The maximum level of security and trust is provided by DGFT Digital Signature certifications, which are categorised as Class III certifications. In India, there are about fifteen CAs with the authority to grant digital certificates. This is a list of the Certifying Authorities accompanied by a link to their website. Go to any CA website, click on the DSC Class 3 registration/application link on the home page, and fill out the application. A Digital Signature Certificate (DSC) serves as an electronic and legally recognized substitute for the conventional wet signature. It is used for online transactions, accessing services or information on the internet, and digitally signing documents. Additionally, individuals can employ a digital signature certificate for sending encrypted emails. This certificate verifies the identity of the signer, which is essential for creating a digital signature. Notably, a digital signature certificate is a highly secure file that contains the personal information of the signer.