TMI BlogRegarding implementation of ‘On Site Post Clearance Audit’.X X X X Extracts X X X X X X X X Extracts X X X X ..... CBEC. Sir / Madam, Subject: Implementation of On Site Post Clearance Audit Regarding. CBEC has introduced the scheme of On Site Post Clearance Audit or OSPCA at premises of importers and exporters vide Notification No. 72/2011-Cus. (NT) dated 4.10.2011. Guidelines for the conduct of OSPCA had been earlier circulated on 13.5.2011. This scheme complements the legislative change resulting in self-assessment of import / export duties by importers / exporters vide the Finance Act, 2011 . 2. OSPCA is a trade facilitation measure aimed at expediting clearances while safeguarding the interest of revenue. Self-assessment reposes trust on an importer / exporter to make correct import / export decl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iny of relevant business records at the importers / exporters premise. Thus, an importer or exporter can benefit from reduced clearance time and can deal with the goods promptly, saving on insurance, warehouse and storage charges. On the other hand, the Customs can do a comprehensive company oriented check to ensure that imports or exports conform to the declarations. 4. OSPCA is provided for vide Section 17(6) of the Customs Act, 1962 , which empowers the proper officer for verification of correctness of assessment of duty on imported or export goods at the premise of importer or exporter. Further, Section 157 of the said Act empowers the Board to frame regulations on the manner of conducting audit at the premise of the import ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It has also been decided that ACP importers shall be subjected to OSPCA on annual basis i.e. once during each financial year. However, during the transitional phase of the current financial year, the records for previous months beginning from 1.4.2011 may be taken up for audit. Coverage of OSPCA shall be increased in subsequent phases and the periodicity of audit in respect of other entities prescribed at that stage. 7. For a coordinated and effective OSPCA, the ACP importers have been segregated as under: (i) Those that are registered with LTU Commissionerates to be audited by the audit wing of LTU concerned; (ii) Multi Location Units to be audited by the Central Excise Commissionerates with the nodal Commission ..... X X X X Extracts X X X X X X X X Extracts X X X X
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