Payment Aggregator Facility launched for Customs

MySandesh
2 Min Read

The Central Board of Indirect Taxes and Customs (CBIC) has rolled out a new feature to make customs payments faster and easier.

Businesses can now pay duties on the ICEGATE platform using modern digital methods like UPI and cards.

This move is aimed at improving ease of doing business and speeding up the overall process.

Pay Customs Duty with UPI, Cards and More

With the new payment aggregator system, businesses now have more flexibility.

You can now pay customs duty using:

Unified Payments Interface (UPI)

Credit cards

Debit cards

Internet banking (now supports 41 banks, up from 23 earlier)

This new option works alongside existing methods like NEFT/RTGS through the Reserve Bank of India.

Faster and Smoother Transactions

The system is designed to make payments quicker and more efficient.

Payments are processed instantly

Money is routed through the electronic cash ledger

Duties are updated without delays

The electronic cash ledger, introduced in 2023, helps businesses manage deposits and payments smoothly on the platform.

A Big Step Towards Digital Customs

Experts believe this is a major improvement in India’s digital infrastructure.

With more payment options:

Businesses face fewer delays

Transactions become simpler

Cash flow management improves

It also reduces dependence on a limited number of banks, which was a major bottleneck earlier.

Why This Matters for Businesses

This update is especially helpful for small and medium businesses.

UPI is easy to use and widely available

Many transactions come with low or zero charges

Payments can be made quickly, even in urgent situations

Overall, the new system brings speed, flexibility, and convenience to customs payments—making trade smoother and more efficient.

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