Extension of validity of AEO certificate for ease of renewal process up to 30.06.2021

Updated on : 2021-Aug-16 19:06:46 | Author :

Extension of validity of AEO certificates for ease of renewal process-reg. department of revenue decided to extend the validity of all the AEO Certificates expired/expiring between 01.04.21 and 3105.21 up to 30.06.21, except for the cases where the entity has been found ineligible for continuation under the AEO Programme.

 

When the coronavirus pandemic began early in 2020, experts wondered if there would be waves of cases, a pattern seen in other virus pandemics. The overall pattern so far has been one of increasing cases of COVID-19, with a surge in the summer and a larger one in the fall. Some locations that saw a high number of coronavirus infections early on, followed by a decline, are having a “second wave” of increased cases. India faces the same problem so govt decided Extension of validity of AEO certificates for ease of renewal process-reg. department of revenue decided to extend the validity of all the AEO Certificates expired/expiring between 01.04.21 and 3105.21 up to 30.06.21


The validity of AEO certificates shall be 3 years for AEO-T1 & AEO-T2 and 5 years for AEO-T3 & AEO-LO.

AEO stands for Authorized economic operator is a program under the approval of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade.

 

  • The programs object is to improve international supply chain security and facilitate the movement of legitimate goods. AEO is a willful compliance program.
  • It enables Indian Customs to improve 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, customs brokers and warehouse operators.
  • it is imperative to develop a comprehensive program on AEO providing additional facilities to the legitimate trade who have demonstrated a strong internal control system and willingness to comply with the laws administered by the Central Board of Indirect Taxes and Customs.

AEO Certificates expired/expiring between 01.04.21 and 3105.21 up to 30.06.21, except for the cases where the entity has been found ineligible for continuation under the AEO Programme.

Validity of AEO Certificate

The validity of the AEO certificate shall be three years for AEO-T1 and AEO-T2, and five years for AEO-T3 and AEO-LO.

 

Renewal of AEO certificate

AEO Status  The time limit for submission of application for renewal before lapsing of validity
AEO-T1 30 Days
AEO-T2 60 Days
AEO-T3 90 Days
AEO-LO   90 Days

 

        

 

 

 

          

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