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<h1>Risk Management System Streamlines Export Clearance Process, Reducing Costs and Time for Low-Risk Consignments Under RoDTEP Scheme</h1> Risk Management in export clearance, introduced in July 2013, allows low-risk consignments to be cleared based on self-declaration, while high-risk consignments undergo further verification. This system reduces dwell time and transaction costs without compromising regulatory compliance. Shipping Bills filed electronically are processed by the Risk Management System (RMS), which determines whether they require verification or can directly receive a 'Let Export Order.' With the RoDTEP scheme's introduction in 2021, RMS phase-II processes Shipping Bills claiming Duty Drawback or RoDTEP, selecting them for audit post-LEO issuance. RMS provides instructions to ensure uniform verification practices.
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