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Benefits of certificate under AEO scheme
In a hurry to get the AEO certification ? Fill up this form , or click here or call Kapish at +91-9971770603
AEO offers a number of benefits , including lower rate of physical inspections of imported / exported goods, 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 .
|
Benefits |
AEO-T1 |
AEO-T2 |
AEO-T3 |
|
Shorter cargo release time |
Yes |
Yes |
Yes |
|
Direct Port Delivery (DPD) / or Direct Port Entry (DPE |
Yes |
Yes |
Yes |
|
ID to authorized personnel |
Yes |
Yes |
Yes |
|
Separate space earmarked in Custodian’s premises. |
Yes |
Yes |
Yes |
|
Bank Guarantee only to extent |
50% |
25% |
0.00% |
|
Investigations |
In Six to Nine Months |
Six months |
Six months |
|
Dispute resolution |
Within Six Months. |
Six |
Six |
|
e-mail regarding arrival/ departure of the vessel |
Yes |
Yes |
Yes |
|
24/7 clearances on request at all seaports and airports |
Yes |
Yes |
Yes |
|
No Merchant Overtime Fee (MOT) charges need to be paid |
Yes |
Yes |
Yes |
|
Waiver of seal verification/scrutiny of documents. |
No |
Yes |
Yes |
|
out of charge/let export order without any scrutiny by the officers |
No |
Yes |
Yes |
|
Front line of treatment for container scanning. |
No |
Yes |
No selection for scanning |
|
Facility of deferred payment of duty |
No |
Yes |
Yes |
|
Disbursal of drawback amount |
Within 72 hours of EGM submission |
faster |
|
|
Assessment and/or Examination on priority |
Yes |
Yes |
Yes |
|
Faster completion of Special Valuation Branch (‘SVB’) proceedings |
No |
Yes, in time bound manner |
Yes |
|
Facility to paste MRP stickers in their premises |
No |
Yes |
Yes |
|
Post clearance audit |
Yes |
onsite PCA will be conducted once in three years only, no regular PCA. |
On Intelligence information |
|
Access to their consolidated import/export data through ICEGATE |
No |
Yes |
Yes |
|
Facility of submitting paperless declarations with no supporting documents in physical form |
No |
Yes |
Yes |
|
Client Relationship Manager” (CRM) at AC/DC level at all port |
No |
Yes |
Yes |
Note: In terms of customs Notification No. 135/2016-Customs, Importers certified under Authorized Economic Operator programme as AEO (Tier-Two) and AEO (Tier-Three) are entitled for payment of duty under deferred payment scheme, means option of deferred payment is extended only to AEO-T2 and AEO-T3 certificate holder.
Benefits for AEO under Advance Authorization scheme of under Foreign Trade Policy (AEO LO)
AEO status holder shall be issued advance authorization on self-certification and declaration basis without ratification by the Norms Committee.
Logistic Service Providers:
- Waiver of bank Guarantee.
- Facility of Execution of running bond.
- Exemption from permission in case of transit of goods.
- In case of international transhipped cargo (Foreign to Foreign), for the pre-sorted containers wherein Cargo does not require segregation, ramp to ramp or tail to tail transfer of cargo can be affected without Customs escorts.
Customs Brokers
- Waiver of Bank Guarantee
- Extended validity (till validity of AEO status) of licenses
- System Manager to incorporate date of validity of AEO from time to time in the System Directory
- Waiver from fee for renewal of license.
Warehouse Operators
- Faster approval for new warehouses within 7 days of submission of complete documents
- Waiver of antecedent verification envisaged for grant of license for warehouse under circular 26/2016
- Waiver of solvency certificate requirement under circular 24/2016
- Waiver of security for obtaining extension in warehousing period under circular 21/2016
- Waiver of security required for warehousing of sensitive goods under circular 21/2016
Custodians or Terminal Operators
- Waiver of bank Guarantee
- Extension of approval for custodians under regulation 10 (2) of the 'Handling of cargo in Customs Area Regulation 2009' for period of 10 years.
For more details mail us on : info@ikargos.com and certification@ikargos.com
In a hurry to get the AEO certification ? Fill up this form , or click here or call Kapish at +91-9971770603
For more on AEO read our other BLOGS:
AUTO - RENEWAL FOR TIER 1 AEO LICENSE