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Drabu: Excise Deptt goes cashless in collaboration with J&K Bank

KT NEWS SERVICE. Dated: 2/23/2017 2:02:26 PM

KATHUA, Feb 22: In order to encourage cashless and hassle-free payments, Minister for Finance, Labour & Employment Dr Haseeb Drabu today launched “Easy Collect”, a multi modal payment portal of the Excise Department at Toll Post Lakhanpur.
J&K Bank’s “Easy Collect” is a multi modal payment portal which facilitates Excise Department to receive online payments. It supports multiple payment options with internet banking, credit cards, and debit cards of all major Banks. Easy Collect services are provided free of cost to the institutions and the bank hosts and maintains the portal on the behalf of institutions.
Multiple modal features of portal enable users to pay using one of the multiple options presented. It also serves as convergent point for institutions of similar payment collection needs, wherein different institutions are hosted on a single portal. Institutions are provided with Merchant Informative System (MIS) where from all transactions are monitored on real time basis.
Speaking on the occasion, the Finance Minister said the Lakhanpur Toll Post is operating 24X7 and from now onwards cash transactions will be minimized using technical intervention like “Easy Collect” and under GST regime phenomenal advantage will be registered at this point. He also appreciated the Green Corridor project of Forest department along the National Highway.
The Finance Minister during his Budget speech had declared that from next financial year, the Finance Department would go for cashless transactions. The Department of Excise has taken this initiative to go for Multi Modal Online Payment System to facilitate stake-holders which would usher in better accountability and transparency.
On the occasion, Chairman J&K Bank, Parvez Ahmad said that this step will prove to be a landmark in realizing the vision of Finance Minister for converting Lakhanpur toll post into a cashless entity and this proves to be the maiden step in converting state into low cash and high digital economy.
Dr Drabu also reviewed the working and achievements of the Excise Department and inquired about the status of Nagri Parole toll Plaza. He directed the Excise Commissioner to purchase full body scanner for physical checking of vehicles besides fulfilling the social responsibility by opening de-addiction centre at Lakhanpur.
The Finance Minister was briefed by the Excise Commissioner, T Angchok about the performance of the department with regard to levying of Excise duties, Toll Tax and Entertainment Tax.
On the occasion, the Finance Minister also gave away cash prizes to those Excise Officials who have rendered exemplary service during the current financial year. All the Deputy Excise Commissioners and officers of Excise and Commercial Taxes Department were present on the occasion.