Internal launch of CBSA’s phasing in CARM to remodel tax collection of import goods rescheduled
Ottawa/IBNS: The Canada Border Services Agency (CBSA) has rescheduled its internal launch of phasing in Assessment and Revenue Management (CARM) digital initiative plan to modernize tax collection of import goods.
This plan is based on the Auditor General of Canada's study which estimated that as many as 20 percent of goods coming into Canada were misclassified, resulting in a lesser amount of duty paid.
Owing to the impact of strike vote activity now underway by the Public Service Alliance of Canada on the Agency’s operations, CARM's internal launch has been postponed by CBSA from May 13 unitl October.
As a result, trade chain partners will continue to operate as before until the fall.
Although CARM is ready to roll out, the support of CBSA employees is critical to the successful implementation of the program, by rescheduling its launch.
Following approximately 100 consultation and technical working group sessions, over 160 direct engagement events, CBSA has completed multiple cycles of testing, including over 10 months of simulation with direct participation of approximately 71,500 importers CBSA employees and industry.
It represents over 92 percent of the volume of goods imported, and are now registered in CARM.
In addition to protecting and growing $40 billion a year in revenue for Canadians, CARM will provide a number of other benefits including eliminating cumbersome and time-consuming paper-based processes.
The CBSA is equipped with better tools to facilitate focus its compliance and enforcement efforts on potential bad actors, improving importers' functionality through the ability to enroll in commercial programs, submit accounting documents, and receive notifications through their CARM Client Portal account.
CARM's use would enable CBSA to identify errors and discrepancies in duties and tax submissions, and begin to work with industry in these areas.
(Reporting by Asha Bajaj)
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

“Thought she was my wife”: Indian man imprisoned in UK for groping sleeping 12-year-old on British Airways flight
An Indian man has been sentenced to jail in the United Kingdom for sexually assaulting a 12-year-old girl during a British Airways flight from Mumbai to London, according to media reports.

Countdown to another Iran-Israel war? Tehran readies to 'fire 2,000 missiles in one go'
Jerusalem/IBNS: A renewed Iran-Israel war may be just a matter of time, according to a report published by The New York Times on Sunday.

Christians in Bangladesh 'anxious' after bomb attacks on churches, catholic school
Dhaka/IBNS: Amid growing concerns over violence against minorities in Bangladesh, the country’s Christian community has been left deeply alarmed after three crude bomb attacks targeted two Catholic churches and a Christian school over the past few weeks, according to a report by AFP.

Activists condemn Pakistan's decades-long suppression of the Baloch people during BNM event in Berlin
The Baloch National Movement (BNM) held a demonstration in Berlin, Germany, to mark Baloch Martyrs’ Day, drawing political activists, human rights advocates, and members of the Baloch diaspora from several countries.
Latest News

Slow-moving Hyundai i20 halts at red light — moments later, a loud explosion: What happened near Red Fort at 6:52 pm

CERN Council reviews feasibility study for a next-generation collider

Red Fort blast: Pulwama link emerges as police trace Hyundai i20 owner; one detained in Gurugram

Tamil actor Abhinay dies at 44 after battling liver ailment

