Risk Management System (RMS)- Charter of functions for Risk Management Division and constitution of national/local risk management committee

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....tral Excise, Directorate General of Revenue Intelligence, Directorate General of Systems & Data Management, Directorate General of Valuation, Directorate General of Safeguards, Director General of Audit, [email protected]. Sir, Subject:- Risk Management System (RMS)- Charter of functions for Risk         Management Division and constitution of national/local risk management committee- regarding- *** The undersigned is directed to invite attention to Board's Circular No.43/05-Customs dated 24.11.2005 introducing Risk Management System as a significant step in the ongoing Business Process Re-engineering initiative of the department. In continuation of this initiative....

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....chniques.  It will update and maintain risk parameters in relation to the trade, commodities and all stakeholders associated or involved with the supply chain logistics. 3.4 The RMD will be the nodal agency for Accredited Client's Programme (ACP). It will maintain a list of accredited clients in the RMS and closely monitor the compliance standards of these accredited clients. 3.5 The RMD will closely interact with all Custom Houses, Directorate of Revenue Intelligence (DRI) and Directorate of Valuation (DOV) to enable it to effectively address national risks.  The local risks will be largely addressed by RMD in co-operation with the Custom Houses where import/export clearances are actually effected. Further, the RM....

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....cessary for the implementation of RMS.   In addition to this, it will also work out regular training schedules for training of officers responsible for implementing the RMS in major customs locations.   3.9 The RMD shall work in close coordination with Directorate General of Audit (DG Audit), which has the responsibility for formulating audit policies and procedures, developing  criteria and parameters for selection of cases or documents for audit. 3.10 DG(Systems) will submit periodic reports on the functioning of the RMS to the Board. National Risk Management (NRM) Committee 4.1 There shall be established a National Risk Management (NRM) Committee with the DG(Systems) as the head. The RMD wil....

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....ttee will comprise the Additional / Joint Commissioner in charge of Special Investigation and Intelligence Branch (SIIB), who will be designated as the Local Risk Manager, and will also function as the Secretary of the Committee.  The LRM Committee shall also include the Additional / Joint Commissioner in charge of Audit and a nominee, not below the rank of a Deputy Director from the regional / zonal unit of the DRI, and a nominee, not below the rank of Deputy Director from the Directorate of Valuation, if any. 5.3. The LRM Committee will meet once every month and will have the following functions: i) Review of trends in imports of major commodities and valuation with a view to identifying risk indicators ii) De....