Risk Management System implementation streamlines export promotion scheme clearances, accredits clients and replaces blanket concurrent audit. Risk Management System (RMS) is extended to imports under the remaining Export Promotion Schemes w.e.f. 30 March 2009. Bills of entry filed by Accredited Clients will be facilitated, while others will be referred for assessment and examination. Concurrent audit for all EP scheme bills is replaced by selective post clearance audit. Importers must continue prescribed registration of licences/authorisations and follow existing bond/guarantee registration procedures. For facilitated clearances, Procurement Certificates will be opened and recorded by the Bond Superintendent and shed officers must verify, debit/deface certificates and comply with examination and out of charge procedures.
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Risk Management System implementation streamlines export promotion scheme clearances, accredits clients and replaces blanket concurrent audit.
Risk Management System (RMS) is extended to imports under the remaining Export Promotion Schemes w.e.f. 30 March 2009. Bills of entry filed by Accredited Clients will be facilitated, while others will be referred for assessment and examination. Concurrent audit for all EP scheme bills is replaced by selective post clearance audit. Importers must continue prescribed registration of licences/authorisations and follow existing bond/guarantee registration procedures. For facilitated clearances, Procurement Certificates will be opened and recorded by the Bond Superintendent and shed officers must verify, debit/deface certificates and comply with examination and out of charge procedures.
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