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TMI BlogSelf-Assessment in Customs - regarding.X X X X Extracts X X X X X X X X Extracts X X X X ..... of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of Customs & Central Excise. All Director Generals under CBEC. Subject: Self-Assessment in Customs - regarding. ***** 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to be taken up for verification, and such Bills of Entry will be straightaway facilitated for clearance without assessment and examination, on payment of duty, if any. 2. Further, provisions have been made in section 17 of the Customs Act, 1962 to empower the officers of Customs to carry out verification of correctness of assessment of duty relating to imported or export goods at premises of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sumed that if this rationalization of redundant and ineffective targets of Local Risk Management (LRM) and National Risk Management (NRM) are carried out, the percentage of facilitation is bound to increase substantially. 5. To streamline the procedures and for effective implementation of self assessment using RMS, Board has decided that the facilitation target of 80% for Air Cargo Complexes, 70% ..... X X X X Extracts X X X X X X X X Extracts X X X X
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