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of <h1>CBEC Launches Risk Management System at ICD Bhambholi for Efficient Import Processing and Enhanced Compliance from August 1, 2018.</h1> The Central Board of Excise and Customs (CBEC) has announced the implementation of the Risk Management System (RMS) for imports at ICD Bhambholi, effective from August 1, 2018. The RMS aims to balance facilitation and enforcement by focusing resources on higher-risk areas, reducing routine assessments, and improving transaction scrutiny. It processes Bills of Entry electronically, determining the need for assessment or examination. The system also integrates the Authorised Economic Operator program, offering self-assessment benefits while ensuring compliance with mandatory requirements. Post Clearance Audit replaces concurrent audits, enhancing compliance monitoring. Officers are urged to provide feedback for system improvements and ensure smooth facilitation for compliant importers.
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