know your customer (KYC) norms m/r

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..... orms 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 verificat .....

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..... onsignments 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 indivi .....

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..... ification. 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. [Bhar .....

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