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The Customs Department has decided to introduce risk management systems (RMS) in exports as a trade facilitation measure.
The RMS in exports will be initially implemented in customs locations where electronic data interchange (EDI) is operational, a Finance Ministry official said.
The RMS in exports is scheduled for implementation from July 15.
To begin with, this will be launched at ICD Mulund and ICD Patparganj.
India has been having RMS in imports for some years now.
HOW EXPORTERS BENEFIT
The RMS in exports will enable low risk consignments to be cleared based on self-assessment of declaration by exporters.
This will help the department speed up the process of cargo clearance.
By expediting the clearance of compliant export cargo, the RMS for exports will contribute to reduction in dwell time.
This will help reduce transaction cost and make businesses internationally competitive, official source said.
With the introduction of the RMS in exports, the present practice of routine verification of self-assessment and examination of shipping bills will be discontinued.
The focus will be on quality assessment, examination and post clearance audit (PCA) of shipping bills selected by the risk management system.
The Central Board of Excise and Customs (CBEC) has decided to implement RMS in export in two phases.
In the first phase, the RMS will process the data and provide the output to the Indian Customs EDI systems only up to the goods examination stage.
In the second phase, the RMS will also process the shipping bill data after the export general manifest is filed electronically and provide output to ICES for selection of shipping bills for drawback scrutiny and post clearance audit.
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