follow us on FacebookTwitter
Sai Associate Tax Consultant

FAQ

01. What is a Digital Certificate?

Ans : A digital certificate is like the identity of an individual, when the person transacts/interacts through the internet, it uniquely identifies any individual on the internet. It consists of an electronic file called "key pairs" containing the 'Private key' and 'Public key' of the individual to whom the certificates belongs, which is digitally signed by the CA(Certifying Authority) to become a legally valid Digital Certificate/Digital ID.


02. What is a Digital Signature?

Ans : A Digital Signature is the electronic equivalent of a physical signature and can be used to electronically sign any document or transaction. One needs to have a valid digital certificate to create a digital signature.


03. What are Digital Certificates and DGFT?

Ans : Digital Certificates for the importer and exporter community can be used to securely log on to the DGFT Online License Filing Application and can be used to electronically sign the License Application Form, which is filled online. It ensures that the data is secure and cannot be viewed or altered by any unauthorized person. It will also improve on response time taken while applying for a license with DGFT.


04. What are the benefits of using Digital Certificates?

Ans : A Digital Certificate can be used to electronically sign any document or transaction. It ensures that the data is secured and is not viewed or altered by any unauthorized person. It will also improve on response time taken while applying for a license with DGFT. Digital Certificates issued by a valid Indian CA hold good in a court of law in accordance to the Indian IT Act 2000.


05. What are the Precautions to be taken with Digital Certificates?

Ans : Since Digital Signatures have legal validity and are at par with physical signatures, it is the responsibility of the certificate holder to keep his certificate safely and not share it with any individual. Recommended is USB Token for storing the certificates securely. Also, in case the certificate is lost or the iKey is stolen, it is the responsibility of the individual to revoke his certificate and obtain a new one. Certificates issued will be valid for a period of one year and need to be renewed after a year.