As a test and measure of our performance, the Australian Customs Service (ACS) recently conducted a compliance benchmark audit. Compliance benchmark testing forms part of Customs responsibilities to monitor the international trading environment and validate relevant transactions with Customs. Items tested were -
Valuation |
Classification |
Origin & Preference |
Data Integrity |
Duty / GST Leakage |
S181 Authorities |
Retention Of Documents |
Procedures |
Self Assessment |
Internal Audit Processes
|
The ACS compliance benchmark audit scorecard uses a rating scale from 0 to 12 to identify the level of compliance. The score for GCF Griffin was 12.
100%
accuracy and compliance achieved by GCF - Formal
ACS confirmation available.
GCF is again well prepared and will easily absorb the impact
of the ACS Penalties and Infringement Notice Scheme commencing
12
April 2006.
