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Local Risk Management (LRM) Committee - CBEC's Customs Manual 2023 - CustomsExtract 15. Local Risk Management (LRM) Committee: 15.1 A Local Risk Management (LRM) Committee headed by Commissioner of Customs has been constituted in each Custom House / Air Cargo Complex / ICD, where RMS is operationalised. The LRM Committee comprises the Additional / Joint Commissioner in charge of Special Investigation and Intelligence Branch (SIIB), who is designated as the Local Risk Manager and includes 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. The LRM Committee meets once every month and some of its functions are as follows: (i) Review trends in imports of major commodities and valuation with a view to identifying risk indicators, (ii) Decide the interventions at the local level, both for assessment and examination of goods prior to clearance and for PCA. (iii) Review results of interventions already in place and decide on their continuation/ modification or discontinuance etc. (iv) Review performance of the RMS and evaluate the results of the action taken on the basis of the RMS output. (v) Send periodic reports to the NCTC with the approval of the Pr. Commissioner/Commissioner of Customs. [Refer Circular No.43/2005-Cus., dated 24-11-2005 ]
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