CBEC's AEO scheme to have efficient Customs procedures

CBEC's AEO scheme to have efficient Customs procedures
The Central Board of Excise and Customs (CBEC) has announced an ‘Authorised Economic Operator’ (AEO) programme, with a view to give AEO-certified operators preferential treatment in terms of less Customs examination, relaxed procedural requirements, etc, subject to the operators maintaining prescribed security standards and compliance requirements. The voluntary scheme is available to importers, exporters, warehouse owners, custom house agents, cargo forwarders, carriers, port operators and couriers, among others, involved in Customs work. They can obtain an internationally recognised quality mark, which will indicate their secure role in the international supply chain and that their Customs procedures are efficient and compliant. Thereafter, they will be considered ‘secure’ traders and reliable trading partners.

Source : http://www.business-standard.com/india/news/cbecs-aeo-scheme-to-have-efficient-customs-procedures/447360/