9911796707
TMI BlogAuthorized Economic Operator (AEO) programme for implementationX X X X Extracts X X X X X X X X Extracts X X X X ..... revised guidelines thereon". 2. The trade and all concerned are hereby informed that the Cent-al Board of Excise & Customs, New Delhi vide Circular No. 28/2012-Customs Dated 16-11-2012 has issued revised AEO programme. The Board has approved the following major changes in the AEO Programme. (i) Inclusion of stringent requirements in regard to Business partner security, procedural security, etc. (ii) Inclusion of authorised couriers and custodians in the AEO Programme. (iii) Automatic disqualification on non-furnishing of the information by the applicant. (iv) Non-requirement of the compliance records of advocates directly employed by the applicant. (v) Outreach of AEO Programme by organizing workshops etc. (vi) The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sitive places viz. Dubai, Sharjah, Singapore, Hong Kong and Colombo Others (i) Consignments where the amount involved is ₹ 5 lakh or less 10% 2% (ii) Consignments where the amount of drawback involved is more than ₹ 5 lakh 25% 5% (iii) Consignments where the FOB value is under EPCG / DEEC is ₹ 10 lakh or less 10% 2% (iv) Consignments where the FOB value is under EPCG / DEEC is more than ₹ 10 lakh 20% 5% C. For Logistic Service Providers: (a) AEO logistic service providers shall be given benefits of waiver of bank Guarantee in case of transhipment of goods under Goods Imported (Condition of Transhipment) Regulations, 1995. Further they shall be given the facility of execution of a single ru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Operator shall be given benefits of reduced bank guarantee to the extent of 5% of the duty liability in respect of individual consignments of sensitive goods Ito be warehoused. Board Circular No 99/95-Cus. dated 20.09.1995 shall be modified to this extent. (c) In case of goods which are not likely to deteriorate, the warehousing period under section 61 of the Customs Act, 1962 may be extended by Commissioner of Customs, for a period not exceeding six months and by the Chief Commissioner of Customs for such period as he may deem fit. Board Circular No. 47/2002-Cus., dated 29.7.2002 prescribes that the Chief Commissioner at a time may not grant extension to the warehousing period beyond 3 months and in certain exceptional circumstances n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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