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of <h1>India Launches Risk Management System for Exports to Streamline Clearance and Reduce Costs from December 4, 2013.</h1> The circular announces the implementation of the Risk Management System (RMS) for exports, effective from December 4, 2013, at various locations in India. The RMS aims to balance facilitation and enforcement, expedite compliant cargo clearance, and reduce transaction costs. It involves two phases: selecting shipping bills for verification and post-clearance audit. Exporters and Custom House Agents must ensure accurate documentation and compliance with the Compulsory Compliance Requirements (CCRs). The system will process shipping bills electronically, determining whether they require customs control or can proceed directly to export. High-risk consignments will undergo additional scrutiny.
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