What is class 3 digital certificate

what is class 3 digital certificate

A Digital Signature Certificate, like hand written signature, establishes the identity of the sender filing the documents through internet which sender can not revoke or deny. Accordingly, Digital Signature Certificate is a digital equivalent of a hand written signature which has an extra data attached electronically to any message or a document. Digital Signature also ensures that no alterations are made to the data once the document has been digitally signed. A DSC is normally valid for 1 or 2 years, after which it can be renewed.

A Digital Signature is a method of verifying the authenticity of an electronic document. Digital signatures are going to play an important role in our lives with the gradual electronisation of records and documents. The IT Act has given legal recognition to digital signature meaning, thereby, that legally it has the same value as handwritten or signed signatures affixed to a document for its verification.


Based on usage the Digital Signature can be categorized into 3 broad categories which are as under :

Class 2 – This is generally used for filing documents Income Tax, Registrar of Companies and VAT.

Class 3 – This is required for e-tendering, which is a procurement process that is conducted online. Some of the areas it helps in include:

• Supplier registration/expression of interest

• Contract download

• Submission

of bid document

• Evaluation of tenders (May or may not involve e-auctions)

DGFT DSC - DGFT Digital Certification facility offered by us finds extensive usage among Exporters & Importers. Operated under Directorate General of Foreign Trade (DGFT), it is a solution developed for Exporter-Importer community in India that enable them to interact as well as transact with DGFT online with security and confidence. Digital Signature Certificate that is specially designed for Indian Exporters or Importers that enables digital signing of online License applications Benefits of using Safe EXIM:

• Cost Savings

• DGFT has extended attractive monetary incentives for Safe EXIM users

• DGFT charges only 50% of application fee for applications that are digitally signed using Safe EXIM

• Reduced turnaround time by DGFT for license issuance

• Convenience & Security

• Logon to DGFT portal using Safe EXIM is far more secure than using user ID / Password based system

• Making impossible Impersonation of client's or their organization online

• Confidentiality of the transaction assured

• Integrity of information submitted online no longer in doubt

• Fraud minimized as the data cannot be tampered with

• Digitally signed applications that ensure non-repudiation, thus bringing trust as well as confidence into entire online experience

• Usage of Safe EXIM reduces paperwork considerably for user, thus bringing down associated costs

Source: www.myesign.in

Category: Insurance

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