AEO provides businesses with an internationally recognizedsecurity standard and certifies an entity as a “secure” and “reliable” trade partner. AEO offers a number of benefits, including lower rate of physical inspections of imported/exportedgoods, faster release of shipments, preferential treatment by Customs Authorities, and deferred payment of duties, to the companies that meet compliance criteria and demonstrate the security of supply chain.
Customs organizations all over the world are tasked with thetwin challenge of securing the borders from unlawful trade and simultaneously facilitating legitimate trade.
AEO works towards achieving these objectives. Globally, AEO certification is gradually evolving into an industry standard for claiming eligibility to any administrative and governmental discretions, priority and facilitation.
AEO program in India – Current status:
The Central Board of Excise and Customs has re-launched a more effective and reworked three-tier AEO programme merging the ongoing Accredited Clients Programme (ACP) & AEO programme.
Vide circular no. 33/2016-Customs , the Central Board of Excise & Customs have merged the two facilitation scheme namely ACP and AEO into new three tier AEO programme.
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