The Central Board of Indirect Taxes and Customs (CBIC) has introduced system-generated centralized examination orders for bills of entry (BE) in a phased manner, in case of risk-based selection for examination after assessment. The idea is to bring about uniformity in the examination of imported goods. The first phase will commence from today for ferrous base metals falling under Chapter 72 and 73 of the Customs Tariff.
Under the new procedure, after processing BE data, Risk Management System (RMS) will generate a consolidated examination order for each selected BE based on potential risks. An RMS-generated examination order would include percentage
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