authorized economic operator
Simply so, what are the benefits of AEO?
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.
Also Know, how do you become an AEO?
Who can become AEO ? Any economic operator established in the customs territory of the Union who is part of the international supply chain and is involved in customs-related operations, may apply for the AEO status. Proven practical standards of competence or professional qualifications.
What is AEO Programme in India?
AEO is a voluntary programme. It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principle stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators.
What is AEO registration?
AEO Registration. AEO (Authorised Economic Operator) Scheme, adopted by several countries across the globe, is a World Customs Organization initiative towards Standards to Secure and Facilitate Global Trade or SAFE Framework.