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of <h1>Indian Customs Introduces Risk Management System for Exports to Streamline Shipping Bill Clearance from April 7, 2017.</h1> The circular announces the implementation of the Risk Management System (RMS) in exports, effective from April 7, 2017, to streamline the clearance of Shipping Bills under the Indian Customs EDI System. The RMS will be introduced in two phases, focusing on assessment, examination, and Post Clearance Audit (PCA) to enhance compliance and reduce transaction costs. Exporters and Custom House Agents (CHAs) are advised to ensure accurate and complete documentation to benefit from expedited processing. The RMS will facilitate low-risk consignments and ensure efficient resource utilization by customs officers. Compliance with Compulsory Compliance Requirements (CGRs) is mandatory.
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