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of <h1>Risk Management System Streamlines Export Clearance, Balancing Efficiency and Compliance with Self-Declarations and Selective Verifications</h1> Risk Management in export clearance, introduced in July 2013, facilitates the processing of low-risk consignments based on exporters' self-declarations, while high-risk consignments undergo verification by customs officers. This system reduces clearance time and costs without compromising regulatory compliance. Shipping Bills filed electronically are processed through the Risk Management System (RMS), which determines whether they require verification or can proceed directly to export. With the introduction of the RoDTEP scheme in 2021, RMS now also processes claims for Duty Drawback or RoDTEP, selecting certain Shipping Bills for audit post-export. This ensures uniformity and efficiency in customs procedures.
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