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TMI BlogRisk Management System in Indian CustomsX X X X Extracts X X X X X X X X Extracts X X X X ..... transaction costs in order to enhance the competitiveness of Indian businesses, by expediting the release of cargo where compliance level is high. Thus, an effective RMS strikes an optimal balance between facilitation and enforcement and promotes a culture of compliance. RMS is also expected to improve the management of the Department s resources by enhancing efficiency and effectiveness in meeting stakeholder expectations and bringing the Customs processes at par with best international practices. [Refer Circular No. 43/2005-Cus., dated 24-11-2005 ] 11.2 Facilitation of legitimate trade is one of the key motivating forces for simplification of procedures and reduction of barriers to the trade. Indian Customs has been at the forefro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection criteria. Besides, provisos to Section 47 (1) and Section 51(1), the orders of clearance of imported goods for home consumption and goods for exportation respectively, in addition to the proper officer, may also be given electronically through the Customs Automation System on the basis of risk evaluation through appropriate selection criteria. This in turn paved way for machine release of goods through customs automation system in the case of imported and export goods. 11.4 Risk Management processes in Imports: Bills of Entry and IGMs filed electronically in ICES through the Service Centre or the ICEGATE are transmitted by ICES to the RMS. RMS processes the data through a series of steps and produces an electronic output for t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hile duty has not been paid or its payment is in process. Once the goods are registered, the proper officer carries out all necessary verifications as per Sections 17 / 18 and Section 47(1) of the Customs Act, 1962 . On satisfaction that the goods are ready for clearance, but for the payment of duties, the proper officer confirms the completion of the CCV for the particular Bill of Entry in the System. Thereafter, on payment of duty by the importer, the Customs Automated System electronically gives clearance to the Bill of Entry, as provided for in the 1st proviso to Section 47(1) of the Customs Act, 1962 . This facility of automated clearance of Bills of Entry has been introduced on a pilot basis in Chennai Customs House and Jawaha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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