Risk Management System directs centralized division to design and coordinate risk parameters, committees, and facilitation-compliance balance. The circular creates a Risk Management Division (RMD) as the nodal agency to design and implement the Risk Management System (RMS), set and update risk parameters, recommend assessment/examination of risky consignments, maintain an intelligence database, administer the Accredited Client's Programme, coordinate with Customs Houses, Directorate of Valuation, DRI, DG Audit and other departments, develop training, review RMS performance and facilitation-compliance balance, and provide periodic reports to the Board.
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Provisions expressly mentioned in the judgment/order text.
Risk Management System directs centralized division to design and coordinate risk parameters, committees, and facilitation-compliance balance.
The circular creates a Risk Management Division (RMD) as the nodal agency to design and implement the Risk Management System (RMS), set and update risk parameters, recommend assessment/examination of risky consignments, maintain an intelligence database, administer the Accredited Client's Programme, coordinate with Customs Houses, Directorate of Valuation, DRI, DG Audit and other departments, develop training, review RMS performance and facilitation-compliance balance, and provide periodic reports to the Board.
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