Eligibility and Benefits of obtaining AEO Registration in India
Under the AEO Status programme, a company involved in international trade must be compliant with supply chain security standards and granted AEO status & certain benefits. The AEO Programme is in reference to the obligations made under Article 7.7 of WTO TFA. Though AEO Registration is not a mandatory scheme, it is a voluntary compliance programme. It ensures the development and rationalization of cargo security via. close cooperation with the entity associated with international trade including importers, exporters, custodians, logistics providers, warehouse operators or customs brokers. AEO-Eligibility Criteria for a company The company must have managed a minimum of 25 documents (Bills of Entry or Shipping Bills) in the previous Financial Year. The company should have experience in Customs work. The company must be a part of the international supply chain. The company must have had company activity in the last 3 Financial Years. Benefits of obtaining AEO Registration Self-...