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of <h1>Chennai Customs to Implement Risk Management System for Export Promotion Schemes Starting March 30, 2009.</h1> The circular from the Office of the Commissioner of Customs in Chennai announces the implementation of the Risk Management System (RMS) for various export promotion schemes starting March 30, 2009. This includes schemes like Advance License, Duty Exemption, and others. Accredited Clients will have facilitated bill processing, while others will undergo assessment. The concurrent audit for all bills under these schemes will be replaced with a post-clearance audit of selected bills. Importers must register their licenses and follow established procedures for procurement certificates and bond registration. The RMS aims to streamline the import process and improve efficiency in customs operations.
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