Custom related matters

Custom related matters

Central Board of Indirect Taxes and Customs (erstwhile Central Board of Excise & Customs) is a part of the Department of Revenue under the Ministry of Finance, Government of India. It deals with the tasks of formulation of policy concerning levy and collection of Customs, Central Excise duties, Central Goods & Services Tax and IGST, prevention of smuggling and administration of matters relating to Customs, Central Excise, Central Goods & Services Tax, IGST and Narcotics to the extent under CBIC's purview. The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise and Central GST Commissionerates and the Central Revenues Control Laboratory.

Indian AEO(authorized economic operator) program

AEO is a program under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade. The programs aim is to enhance international supply chain security and facilitate movement of legitimate goods. AEO is a voluntary compliance program. It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principal stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators. An entity with an AEO status can, therefore, be considered a ‘secure’ trader and a reliable trading partner.

Benefits of an AEO Certificate

Priority in processing and clearance of goods.

Fast tracking of adjudications and refunds including IGST refunds and disbursal of drawback.

Facility of Direct Port Delivery (DPD) of their import Containers and/ or

Direct Port Entry (DPE) of their Export Containers would be available to them.

ID cards to be granted to authorized personnel for hassle free entry to Custom Houses, CFSs and ICDs.

Wherever feasible, they will get separate space earmarked in Custodian’s premises.

24/7 clearances on request at all sea ports and airports – No Merchant Overtime Fee (MOT) charges need to be paid.

Expedited investigation-dispute resolution

They will get an e-mail regarding arrival/ departure of the vessel carrying their consignments.

Facility of deferred payment of duty will be provided, from a date to be notified

The refund/Rebate of Customs/Goods and service tax would be granted within 45 days of

the submission of complete documents etc.

All the above mentioned benefits are applicable to all three tiers with varying and incrementally

increasing level of facilitation to the status holder.