Relaxation of Know Your Customer (KYC) norms

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s of Customs/Customs (Preventive), All Principal Chief Commissioners/Chief Commissioners of Customs & Central Excise, All Principal Commissioners/Commissioners of Customs/Customs (Preventive), All Principal Commissioners/Commissioners of Customs & Central Excise, Sir/Madam, Subject: - Relaxation of Know Your Customer (KYC) norms Kind reference is invited to Boar....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oof of address are required for KYC verification. Many a time, individuals possess proof of identity in the form of prescribed documents but the address mentioned in the document is not the address where the individual is staying. Individuals often find it difficult to produce present/current proof of address. 3. After examining the issue, Board has decided that in cases where the proof of pres....