Kochi, Dec 13 (UNI) The Cochin Customs House will introduce the 'Risk Management System' (RMS) from tomorrow to clear selected imported goods, making it the 13th Customs House in the country with this facility.
The objective of the RMS was to strike an optimal balance between facilitation and enforcement, and enable clearance of low risk consignments based on importer's declaration, an official release said today.
The Central Board of Excise and Customs (CBEC) had introduced the facility in Customs for fast clearance of goods imported and to utilize existing resources in an effective and efficient manner to check consignments, which were high revenue risk, instead of examining all goods, the release added.
As part of the RMS, certain importers would be granted an Accredited Client Status, wherein their goods would not be assessed and checked anywhere in the country.
The new system would project the Customs Department as a facilitator instead of a regulator by not compromising on the quality of scrutiny, the release said.