Authorized Economic Operator (AEO) is a program initiated by World Customs Organization (WCO) to secure and facilitate Global trade under SAFE framework. The program aims to enhance international supply chain security and facilitate movement of legitimate goods. Since its inception in 2005 many countries have taken initiative towards implementing this program in order to enhance “Ease of Doing Business” across the globe Indian Govt. also has taken steps towards implementing this program in India with the following objectives :-
By becoming and AEO you will be recognized as “Secure Trader” and reliable trading partner by the Customs Dept. and other stake holders in the International business environment. Therefore, you will be eligible for the below benefits :-
Direct Port Delivery of import/export container
24/7 clearances on request at all sea ports and airports
Shorter cargo release time – assessment will be done on priority
Self-certified copies of FTA/PTA origin related or any other certificates required for clearance will be accepted
No Merchant Overtime Fee (MOT)
Deferred payment of Duty
Self-declaration of SION in cases where SION is not notified
Bills of Entry /Shipping Bills will be processed on priority
Disbursal of drawback amount within 72 hours of EGM submission
Expedite refund of IGST and rebate within 45 days
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