Benefits – Post Clearance Audit

1. Compliant Trade is Facilitated at the point of customs clearance and border controls can be reduced

Because – Customs laws impose necessary penalties for violations there of which can be discovered
during post clearance audit. Such if there are violations, the subject of the audit will be sanctioned
accordingly, and this sanction or penalty will serve as deterrent or this prevents future violations of
customs laws, rules and regulations. In that sense, compliant trade is facilitated or encourage of PCA

2. Enables customs to gain better information on and understanding of trader’s business – The list of
documents required by the importer and the broker, with examining such documents which could be the
subject of audit, these documents do not only cover documents or aspects in relation to the importation
of the goods by the importer rather it encompasses a wide array of information including accounting and
financial information. In that sense, the BOC gains better information and understanding of trader’s
business.

3. Risk levels can be more easily assessed and reviewed: a premises visit provides the opportunity to
identify risks and weaknesses in traders system – With talking about risks in this context, we talk about
risk that the importer may have been or may be committing violations of Customs laws, rules, or
regulations. So that risks, the “risk” that the importer could be possibly be committing violation is being
assessed through customs audit, it is also being reviewed.