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of <h1>India Implements Risk Management System for Imports to Streamline Processes and Enhance Trade Compliance from Feb 15, 2019.</h1> The circular announces the implementation of the Risk Management System (RMS) for imports at specific locations in India, effective from February 15, 2019. The RMS aims to streamline the import process by facilitating low-risk consignments through self-assessment, reducing routine assessments and examinations. Importers and Custom Brokers are encouraged to participate in the Authorized Economic Operator (AEO) program for enhanced facilitation. The circular details procedures for bond management, document submission, amendments, and post-clearance audits. It emphasizes the importance of accurate data submission for efficient processing and outlines expectations for trade compliance to maximize facilitation benefits.
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