The government has issued a stern warning that a household owning more than one LPG connection and not submitting the KYC form by the end of this month will not be able to avail of the cooking fuel at subsidised rates. Most of Indian houses have multiple connection because of the high demand and low availability of the LPG.
However on my Visit to the supplier, I did found that KYC was not compulsory for everybody. The gas companies are listing names of such customer and seems to be notifying them over call or using their transparency report.
How to check whether you need to submit KYC form:
If you have more than one LPG connection, you should submit your KYC form. However, you can make a check if you actually need to submit the form or not. Most of the LPG Suppliers have a website (through GAS TRANSPARENCY PORTAL) where this information can be validated.
Go to your respective suppliers website and look for a link or search form which says “Multiple Connection. You will need to search according to your consumer no or check out the transparency report where names of customers who need to fill in the KYC form are listed. Below is an example of Indane.
Most of the time what you need is to fill the form by providing your customer number, distributor’s name, city, and state. In few minutes you will get to know weather you need or need not to give your KYC form.
If you name is listed, you can download your KYC form from the Indane and Hindustan petroleum
What is Know your customer (KYC):
KYC means “Know your Customer”, is a term used for customer identification process. It involves making reasonable efforts to decide true identity of the person. KYC has two components – Identity and Address. While identity remains the same, the address may change and hence the company are required to periodically update their records.
According to the government:
Only those customers whose names seem in the respective oil marketing company’s (OMC) Transparency Portal as identified using /holding multiple LPG connections (the list is also available with your LPG distributor) need to submit the KYC details along with POI and POA before the revised deadline of 31st of December 2012. Customers whose names do not appear in the transparency portal of oil companies as Multiple Connection Holders or in the list available with your distributor need not, repeat need not, submit the KYC details. The transparency portals of the respective OMC can be accessed through their websites in this website.
However, customer having single LPG connection need not, therefore, rush to their distributors to submit their KYC details as they are not required to do so as of now.
The extended date for filling the KYC formalities is 31.12.2012. The LPG gas connection of multiple connection holders who fail to furnish the KYC forms by this date, will be converted into Non Domestic Exempt Categories rate connections, Lakshmi said. While a subsidised LPG cylinder weighing 14.2 kg costs Rs 410.50 in Delhi, the non-subsidised one is available only at around Rs 900.