DBS Bank India Enhances Tax Payments via ICEGATE 2.0

DBS Bank India has expanded its digital transaction banking services for corporate clients by integrating more tax payment options through the Indian Customs Electronic Gateway (ICEGATE) 2.0. Customers can now pay Customs Duty, Central Excise, and Service Tax using the bank's DBS IDEAL digital platform. This new functionality complements existing services that already cover Goods and Services Tax (GST) and direct taxes, providing a unified solution for statutory obligations.

Businesses utilizing this service can initiate, authorize, and track payments seamlessly within DBS IDEAL, leveraging its established approval workflows and monitoring features. ICEGATE serves as the crucial digital interface between the trading community and Indian Customs, and DBS Bank is now a selectable partner on its e-payment platform. The service operates daily, offering flexibility with availability from 4 am to 11 pm, seven days a week.

Divyesh Dalal, a representative from DBS Bank India, highlighted that this enhancement allows businesses to manage a wider spectrum of their statutory payment needs through one comprehensive platform. This move aligns with India's growing trade volumes, as merchandise imports and exports saw significant increases in the initial months of FY27.