Karur Vysya Bank has started online customs duty payment facility for its customers through ‘ICEGATE’ portal of Central Board for Indirect Taxes and Customs (CBIC). CBIC had earlier approved the inclusion of the bank as one of the authorized bankers for collection of taxes. This facility opens doors for the bank for further acquisition of current account customers.
The link for customs payment has now been enabled in ICEGATE (Indian Customs Electronic Gateway), the national portal of Indian Customs of Central Board of Indirect Taxes and Customs that provides e-filing services to the trade, cargo carriers and other trading partners electronically.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.