Risk Management System in imports enables self-assessment-based clearance with targeted examinations and post-clearance audits to expedite cargo release. The RMS will electronically process filed Import General Manifests and Bills of Entry to permit self-assessment-based clearance without routine officer examination, generate duty calculations and challans, select certain entries for assessment and/or examination based on risk parameters or randomisation, and replace concurrent audit with Post-Clearance Audit. Accredited Clients receive predominant facilitation subject to occasional selection. The system imposes bond management changes, requires adherence to Compulsory Compliance Requirements from allied acts, strict document submission prior to Out of Charge, and emphasises data quality; mis-declaration attracts penalties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Risk Management System in imports enables self-assessment-based clearance with targeted examinations and post-clearance audits to expedite cargo release.
The RMS will electronically process filed Import General Manifests and Bills of Entry to permit self-assessment-based clearance without routine officer examination, generate duty calculations and challans, select certain entries for assessment and/or examination based on risk parameters or randomisation, and replace concurrent audit with Post-Clearance Audit. Accredited Clients receive predominant facilitation subject to occasional selection. The system imposes bond management changes, requires adherence to Compulsory Compliance Requirements from allied acts, strict document submission prior to Out of Charge, and emphasises data quality; mis-declaration attracts penalties.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.