Know Your Customer obligations for container leasing require identity, IEC verification and documentary checks to curb prohibited exports. Shipping lines, container operators, agents and freight forwarders leasing or renting containers must follow Know Your Customer norms, retain at least three specified documents including a photo ID, verify IEC details (by email or phone) before delivery, accept payment by account-payee cheque or RTGS, and permit any change of exporter/goods/destination only after due verification. Violations will render the leasing entity responsible for export/attempted export of prohibited goods and liable for penal consequences under the Customs Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Know Your Customer obligations for container leasing require identity, IEC verification and documentary checks to curb prohibited exports.
Shipping lines, container operators, agents and freight forwarders leasing or renting containers must follow Know Your Customer norms, retain at least three specified documents including a photo ID, verify IEC details (by email or phone) before delivery, accept payment by account-payee cheque or RTGS, and permit any change of exporter/goods/destination only after due verification. Violations will render the leasing entity responsible for export/attempted export of prohibited goods and liable for penal consequences under the Customs Act.
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