CBIC's AEO programme

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The story: India's Central Board of Indirect Taxes & Customs (CBIC) inaugurated the online filing of Authorised Economic Operators (AEO) applications.

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CBIC's AEO programme

  • The story: India's Central Board of Indirect Taxes & Customs (CBIC) inaugurated the online filing of Authorised Economic Operators (AEO) applications. The web application ensures continuous real-time and digital monitoring of physically filed AEO applications.
  • Points to note: The AEO is a programme (2007) under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate global trade which aims to enhance international supply chain security and facilitate the movement of goods.
  1. An entity engaged in international trade is approved by WCO as compliant with supply chain security standards and granted AEO status. An entity with an AEO status is considered a ‘secure’ trader and a reliable trading partner.
  2. Benefits of AEO status include expedited clearance times, fewer examinations, improved security and communication between supply chain partners. The AEO is a voluntary programme.
  • Indian AEO programme: It was introduced as a pilot project in 2011, and security standards detailed in WCO SAFE Framework are the basis of the Indian AEO programme. There is a three tier AEO Status for Exporters and Importers. The three tiers are AEO T1, AEO T2, AEO T3, where AEO T3 is the highest level of accreditation.
  • Goals: To provide business entities with an internationally recognized certification. To recognize business entities as “secure and reliable” trading partners. To incentivize business entities through defined benefits that translate into savings in time and cost. Secure supply chain from point of export to import. Enhanced border clearance. Reduction in dwell time and related costs. Customs advice/assistance if trade faces unexpected issues with Customs of countries.
  • Business benefits: There are many -
  1. Safe and compliant business - Worldwide recognition as safe, secure and compliant business partners in international trade.
  2. Reciprocal recognition - India gets trade facilitation by a foreign country with whom India enters into a Mutual Recognition Agreement/Arrangement (MRA), an international agreement by which two or more countries agree to recognize one another's conformity assessment results (for example certifications or test results).
  3. Cargo security - It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principal stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators.
  • World Customs Organisation: The WCO was established in 1952 as the Customs Co-operation Council (CCC) is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations. It represents 183 Customs administrations across the globe that collectively process approximately 98% of world trade. It is the only international organization with competence in Customs matters and which can rightly call itself the voice of the international Customs community. It is headquartered in Brussels, Belgium.
  • SAFE framework: In June 2005 the WCO Council adopted the Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework) that would act as a deterrent to international terrorism, to secure revenue collections and to promote trade facilitation worldwide. The SAFE Framework has emerged as the global Customs community’s concerted response to threats to supply chain security, equally supporting facilitation of legitimate and secure businesses. It prescribes baseline standards that have been tested and are working well around the globe.


 

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PT's IAS Academy: CBIC's AEO programme
CBIC's AEO programme
The story: India's Central Board of Indirect Taxes & Customs (CBIC) inaugurated the online filing of Authorised Economic Operators (AEO) applications.
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