Section 1001Sec./Art. 1001

Scope of the Audit. The audit of importers shall be conducted when firms are selected by a computer-aided risk management system, the parameters of which are to be based on objective and quantifiable data, subject to the approval of the Secretary of Finance upon recommendation of the Commissioner. The criteria for selecting firms to be audited shall include:

(a) Relative magnitude of customs revenue to be generated from the firm; (b) The rates of duties of the firm's imports;

(c) The compliance track records of the firm; and

(d) An assessment of the risk to revenue of the firm's import activities.