Relaxed KYC norms allow courier-recorded delivery address plus ID to satisfy KYC for certain individual import consignments. Authorised courier companies may accept the delivery address recorded by the courier together with the proof of identity taken at delivery as sufficient proof of address for KYC when an individual lacks a current address document, applicable to imports of documents, gifts, samples and low value dutiable consignments up to the prescribed CIF limit. Courier companies must exercise due diligence and maintain records of delivery addresses as evidence for KYC verification.
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Provisions expressly mentioned in the judgment/order text.
Relaxed KYC norms allow courier-recorded delivery address plus ID to satisfy KYC for certain individual import consignments.
Authorised courier companies may accept the delivery address recorded by the courier together with the proof of identity taken at delivery as sufficient proof of address for KYC when an individual lacks a current address document, applicable to imports of documents, gifts, samples and low value dutiable consignments up to the prescribed CIF limit. Courier companies must exercise due diligence and maintain records of delivery addresses as evidence for KYC verification.
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