Karnataka Bank enables online payment of customs duty

Karnataka Bank today announced that it has gone live in the Indian Customs Electronic Gateway (ICEGATE), the national portal of Indian Customs of Central Board of Indirect Taxes and Customs, enabling its customers to pay customs duty online.

Launching the facility, Shri Mahabaleshwara MS, Managing Director & CEO, said, "This integration of KBL on ICEGATE portal will enable all our individual and corporate customers to pay customs duty at their convenience, thus helping them in the smooth conduct of their business. I am sure that this will have a positive impact on the forex business of the Bank and also help in augmenting CASA deposits. This is yet another digital initiative being dedicated to our customers under the KBL-Nxt Digital Transformation project of the Bank".

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 153.00 as compared to the previous close of Rs. 162.35. The total number of shares traded during the day was 570375 in over 6331 trades.

The stock hit an intraday high of Rs. 165.00 and intraday low of 151.80. The net turnover during the day was Rs. 90846618.00.

Source : Equity Bulls

Keywords

TheKarnatakaBank INE614B01018 ICEGATE CustomsDuty IndirectTaxes Online