For Importer/Exporter not opting for DPD/DPE, Seal Verification/Scrutiny of documents by customs officer would be walved. Consignment would be given out of charge or Let Export order, as the case may be, without any scrutiny by the officers.
Faster disbursal or drawback amount within 72 hours of EGM submission.
Faster disbursal of refund, including IGST refund and rebate for AEO status holder within 45 days of submission of complete documents.
Automatic activation of Deferred Duty Payment option for AEO – T2 and AEO T3 status holder.
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THE INDIAN AEO PROGRAM -Game Changer in the Global Market
HOW IT WORKS
ELIGIBILITY
Any legal entity that undertakes Customs related work can apply for the AEO Program if they fulfill the following conditions:
They have handled 25 Import or Export document in last Financial Year.
They have had their business activity for last 3 Financial Year (This Condition can be waved off by the AEO Program Manager).
The Applicant must have been Financially Solvent for the last 3 Financial Years.
The Applicant must not be issued a Show Cause Notice involving “fraud, forgery, outright smuggling, clandestine removal of excisable goods or cases where Service Tax has been collected from customers but not deposited to the Government” during last 3 Financial Years.
