MM TAX CLUB

Accounting & Tax Consultancy Firm

DGFT Advisory on Safe Custody of digital tokens, documents, scrips etc.

DGFT_Advisory_on_Digital_Token

Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi,  issued Trade Notice No.  26 /2021-22 dated 26th November, 2021 for Safe Custody of digital tokens, documents, scrips etc. Members  of  trade  and  industry  are  aware  that  various  digital  initiatives  have  been Initiated   by this Directorate   recently with an objective to provide   transparent, paperless, contactless,  online  services  to  the  Trade  Community.  Under the revamped online Systems, an exporter/importer’s identity  is  established  by  a  Digital  Signature  Certificate (DSC)  Issued by Controller of Certifying Authorities (CCA) licensed Certifying Agencies (CAs)  or through Aadhaar based e-sign.

In this context, Members of Trade & Industry are requested to take note of the following best practices to ensure safe and secure online transactions :-

  1. Always use a strong password.  The longer and more complex your password, the more difficult it is to crack.  Shorter and simpler passwords take less time and resources for hackers to compromise.

 

  1. Do not share your sensitive personal  information  (like usemames  and  passwords,  OTP,

 

  1. Exporters   are  advised  to  cheek,  from  time  to  time.   that  dutv  credit  scrips are accounted  for  and  renected  in  their  online  module,  if  such  scrips  have  not  been transferred/utilized by them.

 

  1. In  case  of  any  suspicion  on  unauthorized  issuance  of  a  DSC,  the  concerned firm  is required to approach the Licensed CA immediately and also report the same to the CCA.

 

  1. Regularly check the custody of DSC and ensure that it is not accessible to unscrupulous agents/ persons.

 

  1. Do  not  click  on  links  or  attachments  from  senders  that  you  do  not  recognize. Be especially wary of .zip or other compressed or executable file types.

 

  1. Make sure you open any attachment  or  click  on any link  from  an email  id only if you know the sender and are expecting an email from them.

 

  1. Public  WIFI  is  not  as secure  as  the  Office  WIFI  or  your  personal  WIFI  at home.  It  is advised  not to access your  Official/Personal Email ID or to login  to the DGFT Website using public WIFI.

 

  1. Watch for email senders that use suspicious or misleading domain names.

 

  1. Inspect URLs carefully to make sure they're legitimate and not imposter sites.

 

  1. Do not try to open any shared document that you're not expecting to receive.

 

EPCs and Industry Associations are requested to sensitize their members about the need to be vigilant and prevent any online theft of duty credit scrips/ certificates/ authorizations.

 

Download Trade Notice

 

 

 

Apply for DGFT Digital Signature;

Contact : dsc@mmtaxclub.com

                  +91 9137446553

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