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

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....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, a Risk Management Division (RMD) has been created in the Directorate of Systems and Data Management, CBEC with its headq....

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....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 RMD will also closely interact with Directorate of Valuation (DOV) on all matters pertaining to the Valuation Risk Assessment Module (VRAM) of RMS. DOV will guide and advise RMD on all matters pertaining to va....

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....dination 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 will be the nodal agency responsible for convening the National Risk Management (NRM) Committee to review the functioning of the RMS, supervise the implementation of RMS and provide feedback for improving the effectiveness of RMS. The NRM Committee will be a standing committee and sh....

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...., 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) Decide on the interventions to be put in place at the local level, both for assessment and examination of goods prior to clearance and for post clearance audit. iii) Review the results of interventions already in place and decide on their continuation/modification or discontinuance etc. iv) Review the performance of the RMS and evaluate the results of the....