NIDB is a powerful assessment tool for Customs officers and a Decision Support System. For those who are engaged in day to day assessment of imported goods at the numerous Custom stations in India, the NIDB provides instant information to compare declared values with contemporaneous import prices as well as current international prices of identical and similar goods. This enables them to take well-informed decisions on valuation and classification of imported goods and to prevent loss of revenue on account of under valuation or mis-declaration.
The database also helps Customs officers and investigative agencies, like Directorate of Revenue Intelligence (DRI), to conduct risk analysis and item profiling to target goods or consignments, which are sensitive to valuation fraud. NIDB is also a valuable source of information in post audit work to review classification, valuation and other particulars of goods, which have been imported and cleared from customs. NIDB also provides vital information for product research and analysis in tax planning.
Information available in the database is made use of in the risk analysis. Risk indicators generally used are sensitivity of the goods from valuation angle, source of supply, profile of the importer, exporter, supplier, relationship etc, original of goods, carrier, the nature of transaction and payment channels.
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