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of <h1>Risk Management System for Imports Launches at ICD Borkhedi, Enhances Clearance Process for Low-Risk Consignments.</h1> The circular announces the implementation of the Risk Management System (RMS) for imports at ICD Borkhedi, effective January 30, 2017. The RMS aims to balance facilitation and enforcement, allowing low-risk consignments to be cleared based on the importer's self-assessment without examination. It replaces routine assessments with selective quality assessments and post-clearance audits. The system processes Bills of Entry electronically, facilitating quicker clearance for compliant importers, particularly those under the Authorized Economic Operator (AEO) program. Importers must ensure accurate data submission and fulfill all bond-related requirements to avoid delays. The circular also outlines procedures for bond management, document submission, and post-clearance audits.
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