Self-Assessment in Customs - regarding.

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.... Sir / Madam,                 Vide Finance Act, 2011, 'Self-Assessment' has been introduced under the Customs Act.  Under 'self-assessment', responsibility of filing correct declaration lies with the importer or exporter.  The declaration filed by the importer or exporter may be verified by the proper officer when so interdicted by the Risk Management systems (RMS).  In rare cases, such interdiction may also be made with the approval of the Commissioner of Customs or an officer duly authorized by him, who shall not be below the rank of Additional Commissioner of Customs, and that will necessarily be done after making a record of the same in the EDI sys....

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....responsibility of filing correct declarations has been shifted to importers and exporters.  The idea is to move towards a trust based Customs control. Therefore, risk based techniques are desired to be fine tuned to meet this objective.  The risk parameters and risk rules should be so designed so as to have an effective interdiction system.  The matter was also discussed in the meeting of National Risk Management Committee (NRMC) wherein it was decided that conceptually there should be a fixed target for facilitation for different facilities such as Air Cargo, ports, ICDs, etc.    4. It has been reported that the level of facilitation on an average in the last year in Air, Sea and ICD was 60%, 50% and 40% re....