Centralized KYC cell streamlines KYC submission and verification for first-time importers, with assessing groups forwarding documents centrally. First-time importers must submit specified KYC documents (IEC, VAT/Sales Tax registration, bank certificate confirming account and signatures, proof of payment, previous year balance sheet if applicable, and last income tax/VAT/Sales Tax return) to the concerned assessing group, which will check and forward them to the Deputy/Assistant Commissioner of Customs, Centralized KYC cell for central processing and verification.
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Provisions expressly mentioned in the judgment/order text.
Centralized KYC cell streamlines KYC submission and verification for first-time importers, with assessing groups forwarding documents centrally.
First-time importers must submit specified KYC documents (IEC, VAT/Sales Tax registration, bank certificate confirming account and signatures, proof of payment, previous year balance sheet if applicable, and last income tax/VAT/Sales Tax return) to the concerned assessing group, which will check and forward them to the Deputy/Assistant Commissioner of Customs, Centralized KYC cell for central processing and verification.
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