Revised KYC Norms by CBEC

The Central Board of Excise and Customs (CBEC) Circular Nos. 07/2015-Customs dated February 12, 2015 and 13/2016-Customs dated April 26, 2016 on Know Your Customer (KYC) norms.

In line will the KYC norms stipulated by the Reserve Bank of India, the CBEC 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 individual, if any one document listed in the CBEC Circular No. 02010-Cus dated April 8, 2010 contains both proof or identity and proof of addresses the same would suffice for the purposes of KYC verification. Aadhaar card had also been recognised as one of the document for individuals. The CBEC had further relaxed KYC norms for individual, in view of the problem being faced by individuals who possess proof of identity in the form of prescribed document but their address of present stay is nm mentioned in the proof of identity.

Moreover, many a time; it is difficult for individuals to produce present/current proof of address. For such case, 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 be delivered to the consignee by the authorised courier companies would suffice for KYC verification.

In order to bring in more clarity, in this regard the CBEC has decided that in case of import or 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.

The CBEC has also decided to simplify the norms for KYC verification in the light of introduction of Goods and Services Tax (GST), and in view of the emphasis of government on adoption of a unified identifier. Accordingly, in modification of the earlier instruction, in the case of import or export through courier by a firm, company, institution, registered under the GST law, 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 Pall 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 Authorised 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.

[Circular 02/2018-Customs]