https://www.taxtmi.com/article/detailed?id=1024 The draft permits clearance of imports on importer self-assessment subject to subsequent on-site post-clearance audits grounded in GATT and the Kyoto Convention. Jurisdiction is tied to the importer's IEC address, audits may cover multiple premises, and importers must preserve and produce specified import and financial records for audit. The audit procedure follows the Central Excise EA-2000 model-selection, desk review, risk analysis, site visit, verification, and compliance follow-up. Success depends on importer cooperation, prompt audit execution, and adequate staffing to avoid verification gaps and potential abuse. en-us Mon, 22 Nov 2010 18:27:11 +0530 Mon, 22 Nov 2010 19:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1024 The draft permits clearance of imports on importer self-assessment subject to subsequent on-site post-clearance audits grounded in GATT and the Kyoto Convention. Jurisdiction is tied to the importer's IEC address, audits may cover multiple premises, and importers must preserve and produce specified import and financial records for audit. The audit procedure follows the Central Excise EA-2000 model-selection, desk review, risk analysis, site visit, verification, and compliance follow-up. Success depends on importer cooperation, prompt audit execution, and adequate staffing to avoid verification gaps and potential abuse. Articles Customs - Import - Export - SEZ Mon, 22 Nov 2010 18:27:11 +0530 https://www.taxtmi.com/article/detailed?id=1024