Brand rate fixation adopts 5% random verification of originals based on risk parameters for core, high value, and high duty inputs. The revised simplified procedure limits submission of originals by dispensing with routine originals for post facto checking and permits random defacement of only 5% of originals of self attested duty paid documents, with the Commissioner selecting samples based on risk parameters: (A) Bills of Entry for core inputs of export goods; (B) Bills of Entry for high value inputs used in export goods; and (C) Bills of Entry for inputs with higher Customs duty; parameters to be revised as inputs change and exporters must furnish prescribed documents and comply with conditions.
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Brand rate fixation adopts 5% random verification of originals based on risk parameters for core, high value, and high duty inputs.
The revised simplified procedure limits submission of originals by dispensing with routine originals for post facto checking and permits random defacement of only 5% of originals of self attested duty paid documents, with the Commissioner selecting samples based on risk parameters: (A) Bills of Entry for core inputs of export goods; (B) Bills of Entry for high value inputs used in export goods; and (C) Bills of Entry for inputs with higher Customs duty; parameters to be revised as inputs change and exporters must furnish prescribed documents and comply with conditions.
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