4.57

Monitoring, Audit and Risk Management System

For the purposes of audit and verification, the exporter would be required to keep records substantiating claims made under the Scheme. A monitoring and audit mechanism with an IT based Risk Management System (RMS) would be put in place by the CBIC, Department of Revenue to physically verify the records of the exporters on sample basis. Sample cases for physical verification will be drawn objectively by the RMS, based on risk and other relevant parameters.

(Above PARA 4.57 has been inserted vide NOTIFICATION NO. 19/2021, DT. 17/08/2021)