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of <h1>India Implements Risk Management System for Imports to Streamline Clearance and Facilitate Trade from February 15, 2019.</h1> The circular announces the implementation of the Risk Management System (RMS) for imports at various ports in India, effective from February 15, 2019. The RMS aims to enhance trade facilitation by allowing low-risk consignments to be cleared based on importers' self-assessment without examination. It replaces routine assessments with selective quality checks and post-clearance audits. Importers with Authorized Economic Operator (AEO) status will receive expedited clearance. The circular outlines procedures for filing Bills of Entry, bond management, document submission, and post-clearance audits. It emphasizes the importance of accurate data submission and compliance to maximize facilitation benefits.
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