KYC and surveillance obligations enhanced for FTWZ and warehousing units, with mandatory ERP systems and risk based audits enforced. Guidelines require stringent KYC for FTWZ and warehousing units and their clients, mandatory pre transaction submission of client KYC to the Development Commissioner, CCTV coverage with one year data retention and DC access, and tamper proof ERP/SAP systems accessible to DCs. Manual customs entries are prohibited; SEZ Online and ICEGATE modules must be used; transfers between FTWZs are restricted except by UAC approval; DCs must perform risk based physical verifications and audits, share information on valuation abuses, monitor high risk commodities, and cancel LoAs for sub letting violations.
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Provisions expressly mentioned in the judgment/order text.
KYC and surveillance obligations enhanced for FTWZ and warehousing units, with mandatory ERP systems and risk based audits enforced.
Guidelines require stringent KYC for FTWZ and warehousing units and their clients, mandatory pre transaction submission of client KYC to the Development Commissioner, CCTV coverage with one year data retention and DC access, and tamper proof ERP/SAP systems accessible to DCs. Manual customs entries are prohibited; SEZ Online and ICEGATE modules must be used; transfers between FTWZs are restricted except by UAC approval; DCs must perform risk based physical verifications and audits, share information on valuation abuses, monitor high risk commodities, and cancel LoAs for sub letting violations.
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