DBS Bank India Enables Customs Duty, Central Excise and Service Tax Payments via ICEGATE 2.0

India, October 8, 2026: DBS Bank India has introduced Customs Duty, Central Excise, and Service Tax payment capabilities through the ICEGATE 2.0 platform, complementing its existing GST and Direct Tax payment services. With this launch, DBS Bank India becomes the only wholly owned subsidiary in India to support all three major central tax payment categories through government platforms.

According to the Ministry of Commerce and Industry, India’s merchandise imports reached US$363 billion during April–August FY2026–27, up 18.2% year-on-year, while exports rose to US$215.9 billion. As trade activity grows, businesses are seeking seamless ways to manage statutory obligations alongside their banking and treasury requirements.

Key Highlights

• New Capabilities: Customs Duty, Central Excise, and Service Tax payments via ICEGATE 2.0.
• Unified Platform: Businesses can manage statutory obligations through DBS IDEAL, alongside day-to-day banking and treasury needs.
• Availability: Service accessible daily from 4:00 AM to 11:00 PM, including weekends.
• Efficiency: Customers can initiate, authorise, and track payments with existing DBS IDEAL workflows, offering enhanced visibility and control.
• Complementary Services: Builds on DBS’s broader digital ecosystem, including DBS MAX with Juspay-powered payment orchestration.

Divyesh Dalal, Managing Director and Country Head, Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said: “As businesses grow and trade activity becomes more interconnected, corporates are looking for simpler and more efficient ways to manage a wider range of payment obligations. The addition of Customs Duty, Central Excise and Service Tax payments has further strengthened our Statutory Payments proposition, which now includes Direct Taxes, TDS and GST. Customers can now manage their statutory payment obligations through a unified platform that provides enhanced control, visibility and operational efficiency.”

Strategic Context

• ICEGATE 2.0 Integration: Provides seamless digital interface between trading community and Indian Customs.
• Operational Efficiency: Enhanced control, visibility, and transaction monitoring for corporates.
• Recognition: DBS continues to be recognised globally for leadership in transaction banking and digital innovation, including awards for Asia’s Best Digital Bank and Best Bank for Payments – Asia-Pacific.

About DBS
DBS is a leading financial services group in Asia with a presence across 19 markets. Headquartered and listed in Singapore, DBS operates along the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank’s strong credit ratings of “AA-” and “Aa1” rank among the highest globally.

Globally recognised for its leadership, DBS has been named “World’s Best Bank” by Global Finance and Euromoney, and “Global Bank of the Year” by The Banker. It is at the forefront of digital innovation, having been awarded “World’s Best AI Bank” by Global Finance and “World’s Best Digital Bank” by Euromoney, alongside multiple digital assets awards. DBS has also been accorded the title of “Safest Bank in Asia” by Global Finance for 17 consecutive years (2009–2025).

In India, DBS Bank has earned recognition as Best Bank for Corporate Cash Management (2025, 2026) by CRISIL Coalition Greenwich, Best Bank for ESG in India at the Euromoney Awards for Excellence 2026, and Best Bank in Emerging Tech and AI at the Business Today–KPMG India’s Best Banks Awards 2026.

DBS offers a comprehensive suite of services in Consumer, Wealth, SME, and Corporate Banking. As a bank born and bred in Asia, it understands the intricacies of doing business in the region’s most dynamic markets.

DBS Bank has been present in India for over 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among large foreign banks in India to operate as a wholly owned, locally incorporated subsidiary of a global bank. Following the merger with Lakshmi Vilas Bank in November 2020, DBS Bank India now operates in ~350 locations across 19 states, serving enterprises of all sizes and individual consumers with a seamless experience that helps them “Live more, Bank less.”

Beyond banking, DBS is committed to creating impact through the DBS Foundation, uplifting lives and livelihoods by supporting underprivileged communities, fostering financial and digital literacy, and nurturing innovative social enterprises that drive positive change.

With its extensive Asian network and emphasis on empowering its people, DBS offers exciting career opportunities while continuing to shape the future of banking.

🌐 Learn more at www.dbs.com.