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Saturday, 18 June 2022

AEPC discusses problems of AEO Scheme with Government officials

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Apparel Export Promotion Council (AEPC) organised a webinar on Authorized Economic Operator (AEO) Scheme with Director General of Taxpayer Services (DGTS), Department of Revenue, Ministry of Finance.

Salik Parwaiz, Additional Commissioner (WCO Cell), Directorate of International Customs (DIC), made an extensive presentation on AEO Scheme giving its complete background, benefits available, types of AEOs, procedures involved, and more.

AEO Certification programme is a very important initiative of Govt. of India, which enables Indian Customs to enhance and streamline cargo security through close cooperation with the relevant stakeholders of the international supply chain,namely, importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators.

Naren Goenka, Chairman, AEPC, said “AEO certification demonstrates that the role of the exporter within the international supply chain is secure and that the customs controls and procedures are efficient and compliant.”

The way forward is to adopt better systems and practices that can lead to long-term growth and competitiveness of the apparel sector. In this context, today’s AEO programme is very relevant as this programme not only aims to align Indian exports with the World Custom Organisations (WCO) Safe – Framework for Standards to enhance international supply chain security through validated and robust systems –but also helps in faster movement of goods and reduced procedural barriers.”

Some of the exporters have pointed out that the benefits envisaged in the AEO Scheme are not being fully implemented in the field. This issue was brought in the notice of DGTS and the Directorate of International Customs, handling the AEO programme.

Indian Customs allows its AEO members with certain benefits, including self-declaration of SION under Para 4.07A of FTP 2015-20 for AEO status holder exporters in cases where SION is not notified; inclusion of Direct Port Delivery of imports to ensure just-in-time inventory management– clearance from dock to warehouse; inclusion of Direct Port Entry for factory stuffed containers meant for export by AEOs; faster disbursal of drawback amount and IGST refund; benefits of Mutual Recognition Agreements with other Customs Administrations, etc.

There are multiple tiers of certification in the new AEO Programme. For importers and exporters, there are three tiers providing varying levels of benefits.

Source : https://in.apparelresources.com/

 

    
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