BIG RELIEF! CBIC allows auto-renewal of Authorised Economic Operation licenses; Know who all will be benefitted

The Central Board of Indirect Taxes and Customs (CBIC) has eliminated the requirement of renewal of Authorised Economic Operator (AEO) certification after every three years for AEO-T1 entities. 

CBIC tweeted: “From August 1, 2021, All AEO-T1 entities certified on or after April 1, 2019, shall be auto renewed in the system, without any end date.”

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CBIC has also said that the facility of auto-renewal is based on single-page annual self-declaration to be filed and processed entirely on the AEO web portal http://aeoindia.gov.in without any requirement of physical documents.

CBIC eliminates the requirment of renewal of Authorised Economic Operator certification after every three years for AEO-T1 entities. @FinMinIndia @cbic_india pic.twitter.com/sGwUEuFVsh

— Prasar Bharati News Services पी.बी.एन.एस. (@PBNS_India) August 2, 2021

An AEO is a business entity involved in the international movement of goods requiring compliance with provisions of the National Customs law and is approved by or on behalf of the national administration in compliance with the World Customs Organisation (WCO) or equivalent supply chain security standards. The security standards are detailed in the World Customs Organisation Safe framework of standards (WCO SAFE FoS), which is the basis of the Indian AEO programme. 

On July 7, CBIC Chairman M. Ajit Kumar launched the online filing of Authorised Economic Operators (AEO) T2 and T3 applications. The AEO web application is accessible at URL www.aeoindia.gov.in. The new version (V 2.0) of the web application is designed to ensure continuous real-time and digital monitoring of physically filed AEO T2 and AEO T3 applications for timely intervention and expedience. 

The AEO application processing for AEO T1 on the web-based portal www.aeoindia.gov.in has been functional since December 2018. To take this endeavour for digitisation forward, in line with the government’s Digital India initiative, the CBIC Board has launched a new version (V2.0) for on-boarding of AEO T2 and AEO T3 applicants for online filing, real-time monitoring, and digital certification. 

The Indian AEO Programme, started in 2011, was designed to set standards to secure and to facilitate the ever-growing flow of goods in international trade. The programme has a membership of nearly 5,000 AEO entities. That is 5,000 economic entities that have actively collaborated with Indian Customs to ensure safety and security in the Supply Chain. And in return, they are reaping benefits of an ever-widening set of benefits from Indian Customs such as faster processing and clearance of cargo, deferred payment of duty, direct port delivery/entry. 

The new version of the web application is designed to ensure continuous, real-time and digital monitoring of the physical filed AEO T2 and AEO T3 applications for timely intervention and expedience. The AEO T2 and AEO T3 applications, on submission of the physical documents in the jurisdictional Principal Chief Commissioner/ Chief Commissioner’s office (AEO Cell), shall register on AEO web application. On successful registration, the application shall upload the duly filled relevant annexures for their AEO T2 or AEO T3 application. The applicants who are already registered are not required to register again. The existing login credentials can be straightaway utilised for uploading either the AEO T2 or AEO T3 application annexures.