Karur Vysya Bank customers can now now remit their customs duty via "ICEGATE‟ portal; Stock gains

11 Jan 2022 , 12:41 PM

Karur Vysya Bank announced that customers of KVB can now remit their customs duty payment online through the “ICEGATE‟ portal of the Central Board for Indirect Taxes and Customs (CBIC). CBIC had earlier approved the inclusion of the Bank as one of the authorized bankers for the collection of taxes.

B Ramesh Babu, MD & CEO of the Bank said “KVB customers can now directly pay their customs duty by selecting KVB in ICEGATE. 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.

At around 12.40 pm, the Bank’s stock was trading at Rs47.70 per piece up 0.4% on Sensex.