The Central Board of Indirect Taxes and Customs (CBIC) provided the amended rules for the National Risk Management Committee (“NRMC”)/Local Risk Management Committee (“LRMC”) for effective implementation of the Risk Management System in Customs and GST.
As per the formation of the Directorate General of Analytics and Risk Management (DGARM), the Directorate sees forwards the risks of Customs, Passenger profiling, and GST (Goods and Services Tax), there is a compulsory requirement to revisit the policies and mandate of the NRMC.
Under the circular, there would be a development of the National Risk Management Committee for Customs and GST. the DGARM, Delhi would be a nodal agency liable for calling the NRMC meeting to review the functioning of the NCTC-Cargo, NCTC (Pax), and the GST Business Analytics Wing. the same wings beneath the DGARM would track the executions and expansion of RMS, APIS, and the DGARM applications and furnish the feedback to revise the effectiveness of risk management and the concerned facts. The NRMC would be the standing committee with the Member (Investigation), CBIC, as Chairman and Additional Director General, DGARM Hqrs, Delhi will the Member Secretary of the NRMC.
The names of Standing Committee members are being mentioned inside the circular. The NRMC will be called once every year and would need the operations along with reviewing the effectiveness of existing Risk Parameters employed in various modules namely Import, Export, Container Scanning, Express Cargo Clearance System (ECCS), Post Clearance Audit (PCA), Protection and enforcement of Intellectual Property Rights (IPR), and others along with the amendment risk in the Modus Operandi, new exemption notifications and new CCR’s, review existing parameters and recommend the latest parameters to address concerns on the border and port security, the Business Analytics wing of GST executes different modules, for instance, Risky Exporters, Risky Taxpayers, Scrutiny of Returns, Audit, Analytical reports and others.
The NRMC will suggest the modifications, if any, will be made in the diverse risk standards that describe the Risk in these modules, deliberate and recommend new and appearing risks, and suggest methods to address systemic risks, that have cross-cutting implications.
NRMC might hold another meeting in a year and when the situation warrants it. Suggestions of the National risk management committee meeting would be submitted to CBIC along with the additional related stakeholders for the other required action.
A Local Risk Management Committee (LRMC) will begin in every custom zone and CGST zone and it shall be headed by an officer, not below the rank of Pr. Commissioner.
