Quick Summary
The Central Board of Indirect Taxes and Customs has notified certain rules forVerification of Identity via Customs (Verification of Identity and Compliance) Regulations, 2021. The outcome of the verification of identity shall be captured in the Customs Automated System and informed to the person verified. Read the official notification and the rules for verification of identity below: MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION Ne
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
These are new rules notified by the CBIC that outline the process for verifying the identity of importers, exporters, and customs brokers engaging in import or export activities.
The regulations apply to new importers, exporters, and customs brokers starting their activities after the commencement of these regulations. The Commissioner of Customs may also select existing persons for verification.
Required documents include incorporation documents, proof of authorised signatories, Permanent Account Number (PAN), GST Identification Number, and evidence of financial standing like bank statements or Income Tax Returns.
After document submission, individuals will undergo Aadhaar authentication and PAN verification on the Common Portal. A physical verification of the principal place of business may also be conducted.
Failure to comply or submitting incorrect information can lead to the suspension of benefits. In cases of non-compliance, a penalty of up to fifty thousand rupees may be imposed.
The outcome of the identity verification will be captured in the Customs Automated System and communicated to the verified person.
CAclubindia
