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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>India to Implement Risk Management System for Export at Land Customs Stations from Feb 15, 2019.</h1> The circular outlines the implementation of the Risk Management System (RMS) in exports at specific Land Customs stations in India, starting February 15, 2019. The RMS aims to balance facilitation and enforcement, enhance compliance, and reduce transaction costs by expediting the clearance of compliant export cargo. It will process Shipping Bills for assessment and examination and later for Post Clearance Audit (PCA) and drawback sanction. Exporters and Custom House Agents (CHAs) are advised to ensure accurate and complete documentation to benefit from reduced dwell times. The RMS will facilitate low-risk consignments while high-risk ones will undergo verification. Compliance requirements and amendments procedures are detailed, emphasizing data quality and proper documentation.