+
Identity verification now mandatory for new importers and exporters
PORTS & SHIPPING

Identity verification now mandatory for new importers and exporters

The centre has made identity verification such as incorporation documents, Aadhaar, PAN, physical verification of place of business mandatory for new importers, exporters, and customs brokers.

The Customs (Verification of Identity and Compliance) Regulations 2021 also gives customs authorities power to undertake identity verification of existing importers, exporters, and customs brokers. The entity selected for verification would have to furnish to the customs authorities documents or information on the common portal within 15 days of such intimation of selection.

These include documents of incorporation, documents evidencing authorised signatories' appointment, Permanent Account Number (PAN), GST identification number, bank statement, income tax return, among others, evidencing the person's financial standing.

Following this, customs authorities would undertake a physical verification of the address provided in the principal place of business within 45 days from the date of submission of the documents; and evaluate the person's financial standing.

Similar provisions have been introduced under the customs law, whereby the new importers and exporters will have to undergo identity verification, including verification of incorporation documents, Aadhaar, PAN, and the physical verification of the place of business. In case any default is discovered, clearance of goods, drawbacks, and refunds can be suspended.

Customs authorities have also been granted the power to undertake this identity verification for existing players as well.

Image Source


The centre has made identity verification such as incorporation documents, Aadhaar, PAN, physical verification of place of business mandatory for new importers, exporters, and customs brokers. The Customs (Verification of Identity and Compliance) Regulations 2021 also gives customs authorities power to undertake identity verification of existing importers, exporters, and customs brokers. The entity selected for verification would have to furnish to the customs authorities documents or information on the common portal within 15 days of such intimation of selection. These include documents of incorporation, documents evidencing authorised signatories' appointment, Permanent Account Number (PAN), GST identification number, bank statement, income tax return, among others, evidencing the person's financial standing. Following this, customs authorities would undertake a physical verification of the address provided in the principal place of business within 45 days from the date of submission of the documents; and evaluate the person's financial standing. Similar provisions have been introduced under the customs law, whereby the new importers and exporters will have to undergo identity verification, including verification of incorporation documents, Aadhaar, PAN, and the physical verification of the place of business. In case any default is discovered, clearance of goods, drawbacks, and refunds can be suspended. Customs authorities have also been granted the power to undertake this identity verification for existing players as well. Image Source

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?