9 Bill of Entry for bond/warehousing:
9.1 A separate form of Bill of Entry is used for clearance of goods for warehousing. All
documents, as are required to be attached with a Bill of Entry for home consumption
are also required with the Bill of Entry for warehousing which is assessed in the same
manner and duty payable is determined. However, since duty is not required to be
paid at the time of warehousing, the purpose of assessing the duty at this stage is only
to secure the duty in case the goods do not reach the warehouse. The duty is paid at
the time of ex-bond clearance of goods for which an Ex-Bond Bill of Entry is filed. The
rate of duty applicable to imported goods cleared from a warehouse is the rate inforce
on the date of filing of Ex-Bond Bill of Entry.
10. Risk Management System:
10.1 ‘Risk Management System’ (RMS) has been introduced in Customs locations where
the EDI System (ICES) is operational. This is one of the most significant steps in the
ongoing Business Process Re-engineering of the Customs Department. RMS is
based on the realization that ever increasing volumes and complexity of international
trade and the deteriorating global security scenario present formidable challenges to
Customs and the traditional approach of scrutinizing every document and examining
every consignment will simply not work. Also, there is a need to reduce the dwell-time
of cargo at ports/airports and also transaction costs in order to enhance the
competitiveness of Indian businesses, by expediting release of cargo where
compliance is high. Thus, an effective RMS would strike an optimal balance between
facilitation and enforcement and promote 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]
10.2 With the introduction of the RMS, the practice of routine assessment, concurrent audit
and examination is discontinued and the focus is on quality assessment, examination
and Post Clearance Audit of selected Bills of Entry.
10.3 Bills of Entry and IGMs filed electronically in ICES through the Service Centre or the
ICEGATE are transmitted by ICES to the RMS. The RMS processes the data through
a series of steps and produces an electronic output for the ICES. This output determines
whether a particular Bill of Entry will be taken-up for action (appraisement or
examination or both) or be cleared after payment of duty and Out of Charge directly,
without any assessment and examination. Also where necessary, RMS provides
instructions for Appraising Officer, Examining Officer or the Out-of-Charge Officer. It
needs to be noted that the appraising and examination instructions communicated by
the RMS have be necessarily followed by the proper officer. It is, however, possible
that in a few cases the proper officer might decide to apply a particular treatment to
the Bill of Entry which is at variance with the instruction received from the RMS. This
may happen due to risks which are not factored in the RMS. Such a course of action