Finance Minister P Chidambaram on Wednesday expressed hope that the time taken for customs clearance of export cargo will come down to a few hours after implementing a risk management system.
"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 be brought down to a few hours," Chidambaram said after launching the all-India Risk Management System (RMS) for exports.