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of <h1>Risk Management System for Exports Launches March 2018, Balances Cargo Facilitation and Enforcement with Two-Phase Assessment.</h1> The circular outlines the implementation of the Risk Management System (RMS) for exports at specific locations, starting March 2018. The RMS aims to balance facilitation and enforcement, expediting compliant export cargo clearance while ensuring compliance with regulations. It involves a two-phase process for Shipping Bill assessment and examination, focusing on self-assessment and post-clearance audits. Exporters and Custom House Agents are advised to ensure accurate declarations and complete documentation to benefit from reduced transaction times. The system will select high-risk consignments for further scrutiny, and any non-compliance will be addressed by customs officers.
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