The Union finance ministry has introduced Risk Management Systems (RMS) in exports in customs locations where the Indian Customs EDI Systems (ICES) is operational. This trade facilitation measure enables low risk consignments to be cleared based on self assessment of the declarations by exporters. It enables the government to enhance the level of facilitation and speed up the process of cargo clearance. It has become effective from July 15 this year. By expediting the clearance of compliant export cargo, the RMS for exports contributes to reduction in dwell time, thereby achieving the desired objective of reducing the transaction cost in order to make the business internationally competitive.