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of <h1>India Introduces Risk Management System for Export Clearance to Boost Competitiveness and Reduce Costs from July 15, 2013.</h1> The circular announces the introduction of a Risk Management System (RMS) for exports, effective from July 15, 2013, at specific customs locations in India. This system, previously implemented for imports, aims to expedite the clearance of low-risk export consignments based on self-assessment by exporters, thereby reducing transaction costs and enhancing international competitiveness. The RMS will process shipping data and determine the need for customs control or direct clearance. It will be implemented in two phases, with a focus on post-clearance audits to ensure compliance. The circular advises reorganization of customs staff to align with the new system requirements.
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