AEO package for MSME Exim player & others!
Swifter Customs clearance for accredited Stakeholders in the global supply chain! India announces liberalised MSME AEO Package! Recognising their critical contribution in supporting the economy especially during the present difficult times of Covid-19 pandemic, Central Board of Indirect Taxes & Customs (CBIC) has taken a new initiative to introduce its flagship, Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs). In order to attract MSMEs to become Authorised Economic Operators (AEOs) and avail the various benefits, the CBIC has relaxed the compliance criteria provided the MSMEs have a valid certificate from their line-Ministry. The relaxed requirements allow MSMEs who have filed minimum 10 Customs clearance documents in one year and who have a clean compliance record over 2 years to apply for the scheme. The documentary requirements have also been appreciably simplified. Another feature is that the CBIC commits to take a decision on an applicat