Risk Management Systems (RMS) introduced in Exports
THE Board had vide Circular No. dated 24.11.2005 introduced Risk Management System (RMS) in Imports as a trade facilitation measure and for selective interdiction of high risk consignments for Customs control.
After a positive feedback gathered over almost an eight year period, the Board has now decided to introduce RMS in exports in Customs locations where the Indian Customs EDI Systems (ICES) is operational. It is mentioned that the RMS in exports will enable low risk consignments to be cleared based on self assessment of the declarations by exporters and this would lead to an enhancement in the level of facilitation and speed up the process of cargo clearance. This would result in reduction in dwell time and achieve the desired objective of reducing the transaction cost in order to make the business internationally competitive. Many other modalities to be followed are also spelt out.
The RMS in Exports is scheduled for implementation from 15.07.2013 onwards at ICD Mulund and ICD Patparganj.
Circular No. , Dated: June 24, 2013