Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT RATES :: cpt :: empanelment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARD
 
 
« Latest Circulars »
 Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017
 RBI to conduct 7 day, 14 day and 28 day Variable Rate Reverse Repo Auctions under LAF on May 18, 2017
 RBI to conduct 7 day, 14 day and 28 day Variable rate Reverse Repo auctions under LAF on May 17, 2017
 RBI-Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 Auction of Government of India Dated Securities May 15, 2017
 Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 RBI to conduct 7 day Variable Rate Reverse Repo Auction under LAF on May 15, 2017
 GST implementation to have far reaching implications for the Indian Economy RBI releases State Finances: A Study of Budgets of 2016-17
 Submission of Statutory returns (SLR-Form VIII) in XBRL platform
  RBI’s Monthly Bulletin for May 2017
 RBI- National Electronic Funds Transfer (NEFT) system – Settlement at half-hourly intervals

CBEC awards AEO Certificates and launches CBEC's interactive customs tariff website
July, 20th 2012
                                                                            "15"

                                                                       pib.nic.in
                       PRESS INFORMATION BUREAU
                         GOVERNMENT OF INDIA
                                  *****

   CHAIRMAN, CBEC AWARDS AEO CERTIFICATES AND LAUNCHES
        CBEC'S INTERACTIVE CUSTOMS TARIFF WEBSITE

                                                 New Delhi: Ashadha 27, 1934
                                                                July 18, 2012


     India   has   developed   an   Authorized   Economic   Operator    (AEO)
Programme consistent with World Customs Organization (WCO) SAFE
Framework of Standards. The trade supply chain has become extremely
complicated and vulnerable to external threats which led to an urgent need
to have a system that ensures end to end supply chain security while
ensuring faster release of goods. Authorized Economic Operator Programme
has been developed by the WCO to standardize the procedure for this
programme. Many Customs administrations globally have also adopted the
same or similar programmes to ensure supply chain security.




     AEO Programme is an effective tool for Customs to Business
Partnership towards a common objective of securing supply chain. Under
AEO Programme, approved economic operators are given preferential
treatment in terms of faster clearance and less physical inspections along
with other benefits subject to their conformance of prescribed security
standards and compliance with tax laws.

     The development of Indian AEO Programme was started on plot basis
in August 2011 and is applicable to all economic operators such as
Importers, Exporters, Logistic service providers, Customs House Agents,
Warehouse owners etc.,.    There is also no threshold limit prescribed for
eligibility under AEO Programme which would enable any player in the
global supply chain including SMEs to apply to get certification under this
Programme.

        The pilot project completed after a thorough verification process has
identified three entities which have been found compliant for grant of AEO
Certification. In a function held at New Customs House at Delhi M/S IBM,
M/S LG Electronics and M/S Ennore Container Terminal were awarded the
AEO certificates by Chairman, CBEC.              The CBEC is sure that the
commitment of these companies who have volunteered for this programme
will provide an impetus to other operators to seek similar certification in
future. Indian Customs is also committed to enhancing outreach of this
Programme. Trade associations are requested to give wide publicity to this
Programme and contribute meaningfully and substantially to foster
Customs Business partnership for mutual benefits.

        It is envisaged that in the near future Indian Customs will seek to
enter    into   Mutual    Recognition       Agreements   with   other   Customs
administrations for mutual recognition of our AEO programme.            This will
yield significant benefit to our traders.

        CBEC has developed an "Interactive Customs Tariff" application as
part of the ongoing trade facilitative measures which was also launched
today by Chairman, CBEC.




        The purpose of the application is to enhance public access to
information on duty payment and other regulatory requirements for
clearance of goods, when imported into India. The application is designed to
show various customs and other applicable duties. It helps the importers in
calculation of actual effective duty applicable by taking into account the
various exemption notifications. It also provides alerts related to anti-
dumping duties and MRP based abatements and displays Compulsory
Compliance Requirements (CCRs).
      It is envisaged that the Customs Interactive Tariff would assist the
trade in understanding the statutory and other regulatory requirements for
clearance of goods and usher greater transparency in the functioning of the
Customs department. The department would be making all efforts to
constantly address any issues that may arise in using this website in order
to improve user experience.

                                     *******

DSM/SS/GN
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions