‘I sincerely hope that with the introduction of RMS in exports, the dwell time which now ranges from 1.6 days to 3.68 days will come down to a few hours,’ he said after launching the all-India Risk Management System for exports.
India started using the RMS for imports in December 2005 and it has helped to bring in additional revenue of Rs 2,211 crore, Chidambaram added. It has also reduced the dwell time, or the duration for which cargo remains in transit storage while awaiting clearance, for incoming shipments. ‘RMS in exports is intended to bring down the dwell time so that the cargo for exports moves up quickly, leaves the shores of India towards its ultimate destination,’ Chidambaram said.
India started using the RMS for imports in December 2005 and it has helped to bring in additional revenue of Rs 2,211 crore, Chidambaram added. It has also reduced the dwell time, or the duration for which cargo remains in transit storage while awaiting clearance, for incoming shipments. ‘RMS in exports is intended to bring down the dwell time so that the cargo for exports moves up quickly, leaves the shores of India towards its ultimate destination,’ Chidambaram said.