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TMI BlogAmendment in the AEO Programme Circular No. 33/2016 dated 22/7/2016- reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... o CBEC s Circular No. 33/2016 dated 22/7/2016 on AEO Programme. Consequent to the mid-term review of Foreign Trade Policy (FTP) wherein certain additional benefits have been assigned to AEO Certified entities, there is an urgent requirement for modification in the existing CBEC s Circular No.33/2016-Cus. dated 22.07.2016 . 2. Additionally, in order to maximize the reach of this programme, it has been decided by the competent authority to decentralise the processing of AEO applications so as to meet the objective of trade facilitation and ease of doing business. 3. Accordingly, the following modifications have been made in some of the paras of the aforesaid circular, which are as below: i. Para 1.5.1 xi may be added as: In ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... days of uploading the details. v. Para 3.4 may be read as, An applicant must be financially solvent during the three financial years preceding the date of application. The applicant should not be listed currently as insolvent, or in liquidation or bankruptcy. Further, the applicant should not have defaulted in payment of due Customs duties during the past three years. The applicants applying for AEO T1 and T2 status, can either submit a solvency certificate by a statutory auditor, or a solvency certificate from an independent reputed chartered accountant made on the basis of audited balance sheet of the company, discussing the parameters of solvency (for last 3 Financial Year). Further, the applicants applying for T3 and LO ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (CRM) for all the AEO entities in their jurisdiction and the same may be uploaded on their website for easy access for this entities. This nomination may also be given wide publicity through Facility Notices. 4. The Board Circular No. 33/2016- Customs dated 22/7/2016 stands modified to above extent 5. Wide publicity may please be given to this Circular by way of issuance of Trade/Public Notice. 6. Difficulties faced, if any, in the implementation of this Circular may be brought to the notice of this office. 7. Hindi version will follow. Yours faithfully, (Manish Kumar) Joint Commissioner (DIC) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X
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