TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Customs Circular: New KYC Procedures for First-Time Importers to Simplify Process and Cut Costs, Effective December 1, 2019.</h1> The circular from the Office of the Principal Commissioner of Customs outlines the procedure for document verification of first-time importers to ease the import process and reduce transaction costs. A KYC cell has been established for this purpose, requiring first-time importers to submit specific documents for verification. Importers must provide documents from two categories, including identity proofs and financial records. The KYC process involves opening a file for each importer and physical verification of addresses for a subset of cases. The procedure aims to ensure compliance and prevent misdeclaration, effective from December 1, 2019. Difficulties can be reported via email.
TaxTMI 
TaxTMI 
