The Indian government in the 2023-24 Union Budget proposed to simplify the Know Your Customer (KYC) procedure by taking a risk-based approach rather than the current one-size-fits-all approach. The finance minister also announced plans to introduce a one-stop solution for updating identity and address through DigiLocker. Additionally, the number of Basic Custom Duty (BCD) rates … Continue reading "Budget 2023: Indian Govt proposes simplified KYC process"
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