know your customer (KYC) norms m/r - Customs - 07/2018

OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS, CUSTOMS HOUSE, NAVRANGPURA, AHMEDABAD-380 009 PHONE: (079) 27582512. Fax: (079)27582512. Email: [email protected] F NO. VIII.48-57/CUST/T/2018 Date: 05-02-2018 Publice Notice:- 07/2018 Sub: know your customer (KYC) norms m/r Attention of the trade is invited to board s circular no, 07/2015-CUS dated 12.02.2015, 13/2016-CUS dated 26.04.2015 2/2018-customs issued vide F. NO. 450/178/2015-CUS dated 12.1.2018. 2. in line with the KYC norms stipulated by the reserve Bank of India. Board had decided that two documents, one for proof of identity and other for proof of address are required for KYC verification. However, in case of individuals, if any one document listed in the board circular NO.9/2010-CUS dated 08.04.2010 contains both proof of identity and proof of addresses, the some would suffice for the purposes of KYC verification. Aadhaar card had also been recognized as one of the document for individuals. Board had further relaxed KYC norms for individual, in view of the problem being faced by individuals who possess proof of identity in the form prescribed document but their address of present stay is not mentioned in the proof of identity. Moreover, many a times, it is difficult for individuals to produce present/current proof of address. For such cases, it was decided that proof of identity collected by the representative of the authorized courier at the time of delivery of such consignments to an individual consignee along with recording of address of the place where such consignments would he delivered to the consignee by the authorized courier companies would suffice for KYC verification [circular no. 13/2016-cutoms dated 26.04.2016 refers]. In order to bring in more clarity. In this regard, board has decided that in case of import of export through courier by an individual, either aadhaar card or passport or PAN card or voter-ID card shall suffice for KYC verification however recording of address of place of delivery, as mentioned above, would continue. 3. board has also decided to simplify the norms for KYC verification in the light of introduction of goods services tax (GST) and in view of the emphasis of government on adoption of a unified identifier. Accordingly in modification of the earlier instructions in the case of import of export through courier by a firm. Company, institution, registered under GST laws, GSTIN shall suffice as the document for the purpose of KYC verification. In cases where the firm, company or institution is not registered under GST laws, unique identification number (UIN) or PAN shall serve as the document for KYC verification. Further, packages containing letter or document shall be exempt from requirement of KYC verification however it shall be the responsibility of the authorized courier that all such packages are subjected to x-ray to ensure that the packages do not contain any item other than letters or documents. 4. difficulties faced, if any, may be brought to the notice of the undersigned. [Bharat Chavan] Principal Commissioner Customs, Ahmedabad