The following is excerpted from a 14 November 2013 article by India Briefing.
Indian Finance Minister Shri P. Chidambaram today announced the implementation of an IT-based Risk Management System (RMS) for exported customs goods. The RMS is designed to greatly speed up the clearance process for the export of goods and reduce the related transaction costs.
In explaining why the new RMS had to be implemented for the export process, Mr. Chidambaram stated that “the underlying principle is trade facilitation.”
This article is available in its entirety at:
http://www.india-briefing.com/news/customs-system-reduce-costs-indian-exports-7115.html/