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Authorised Economic Operators Programme:

Authorised Economic Operators Programme:

The Central Board of Indirect Taxes & Customs (CBIC) has inaugurated the online filing of Authorised Economic Operators (AEO).

  • The new version (V 2.0) of the web application is designed to ensure continuous real-time and digital monitoring of physically filed applications for timely intervention and expedience.

Authorised Economic Operator (AEO) Programme:

  • AEO is a programme under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade.
  • The programme aims to enhance international supply chain security and facilitate movement of legitimate goods.
  • AEO is a voluntary compliance programme.
  • Under this programme, an entity engaged in international trade is approved by Customs as compliant with supply chain security standards and granted AEO status & certain benefits.
  • Benefits of AEO status include expedited clearance times, fewer examinations, improved security and communication between supply chain partners.

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.
  • It prescribes baseline standards that have been tested and are working well around the globe.