9911796707
TMI BlogAmendment in the AEO Programme Circular No. 33/2016 dated 22/7/2016X X X X Extracts X X X X X X X X Extracts X X X X ..... e Circular No. 03/2018-CUs dated 17.01.2018 has dated that 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.33/201 6-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 decentralize 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 foresaid circular, which are as below: 1.5. Benefits of an AEO Certificate:- After m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... General of Performance Management, Customs Central Excise, ID' Block, I.P. Bhawan, I.P. Estate, New Delhi - 1 10002 will be the AEO Programme Manager and AEO Programme Team will comprise officers from the Directorate General of Performance Management and its regional offices. After modification in CBEC's Circular No.33/2016-cus, dated 22.07.2016 vide Board's Circular 03/2018 dated 17.01.2018, Para 2.5 may be read as, The Commissioner, Directorate of International Customs, 10th Floor, Tower Il, Jeevan Bharti Building, Connaught Place, New Delhi -1 10001 will be the AEO Programme Manager and AEO Programme Team will comprise officers from the Directorate of International Customs or jurisdictional Custom Zones. Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Further, the applicant should not have defaulted in payment of due Customs duties during the past three years. The applicants applying for AEO Tl and T 2 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 (and T2 applicants in review) must submit a Solvency Certificate from the Statutory Auditor of the applicant. (f) Annexure - E SELF-ASSESSMENT FORM Annexure E.I General Compliance (applicable for grant of AEO-TI, AEO-T2, AEO-T3 and AEO-LO) Annexure E.4 Financial Solve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Section 5 Post-Certification Provisions Earlier Para 5.1 was read as:- The validity of AEO certificate shall be two years for AEO-TI, three years for AEO-T2, and five years for AEO-T3 and AEO-LO. After modification in CBEC's Circular No.33/2016-cus, dated 22.07.2016 vide Board's Circular 03/2018 dated 17.01.2018, Para 5.1 may be read as The validity of AEO certificate shall be three years for AEO-Tl, and AEO-T2, and five years for AEO-T3 and AEO-LO. (i) APPLICATION FORM FOR GRANT OF AEO STATUS (contains ten annexures A, B, C, D, E.I to E.5 and F) (Please fill-up the annexures as may be applicable to the applicant) Earlier Annexure A(4) was read as:- Address: (If there are more than one site/ location, a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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