Implementation of Risk Management System (RMS) for the Import under the Export Promotion Schemes such as VKGUY, FMS and FPS

Implementation of Risk Management System (RMS) for the Import under the Export Promotion Schemes such as VKGUY, FMS and FPS https://www.taxtmi.com/circulars?id=63001 The Risk Management System has been extended to imports under specified export promotion schemes, applying existing RMS assessment, examination, out of charge and post clearance audit procedures mutatis mutandis. Importers must register licences/authorizations/scrips with the relevant Appraising Group and quote the registration number on the bill of entry. Endorsement of duty debits on duty credit scrips is mandatory; ICES will perform system driven debits when registration details are provided, and Group Appraisers will verify system and physical debits for facilitated and non facilitated bills. en-us Fri, 16 Dec 2011 00:00:00 +0530 Sat, 02 Nov 2019 15:34:00 +0530 TaxTMI RSS Generator Implementation of Risk Management System (RMS) for the Import under the Export Promotion Schemes such as VKGUY, FMS and FPS https://www.taxtmi.com/circulars?id=63001 The Risk Management System has been extended to imports under specified export promotion schemes, applying existing RMS assessment, examination, out of charge and post clearance audit procedures mutatis mutandis. Importers must register licences/authorizations/scrips with the relevant Appraising Group and quote the registration number on the bill of entry. Endorsement of duty debits on duty credit scrips is mandatory; ICES will perform system driven debits when registration details are provided, and Group Appraisers will verify system and physical debits for facilitated and non facilitated bills. Circulars Customs Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63001