CBIC notifies Regulations for verification of identity of importer, exporter and customs broker

April 5, 2021

The Central Board of Indirect Taxes and Customs has notified verification regulations for new importers, exporters and customs brokers, where non-compliance may lead to penalty of Rs 50,000. The Board issued the Customs (Verification of Identity and Compliance) Regulations, 2021. Please refer to the notification here.