Risk Management System in import clearance enables self assessment facilitation and targeted post clearance verification. The RMS automates processing of electronically filed Bills of Entry and IGMs to permit facilitation of low risk self assessed B/Es for out of charge after duty payment, while selecting others for assessment or examination based on risk parameters, random sampling or intelligence. The Accredited Clients Programme confers predominant no assessment/no examination treatment subject to limited selection. Concurrent audit is replaced by Post Clearance Audit; bond debits become system driven and Compulsory Compliance Requirements from allied Acts must be declared and documented at filing.
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 import clearance enables self assessment facilitation and targeted post clearance verification.
The RMS automates processing of electronically filed Bills of Entry and IGMs to permit facilitation of low risk self assessed B/Es for out of charge after duty payment, while selecting others for assessment or examination based on risk parameters, random sampling or intelligence. The Accredited Clients Programme confers predominant no assessment/no examination treatment subject to limited selection. Concurrent audit is replaced by Post Clearance Audit; bond debits become system driven and Compulsory Compliance Requirements from allied Acts must be declared and documented at filing.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
