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of <h1>Central Board of Excise & Customs Merges ACP and AEO into Unified Three-Tier Program with Enhanced Benefits for SMEs.</h1> The circular from the Central Board of Excise & Customs outlines the merger of the Accredited Client Programme (ACP) and Authorized Economic Operator (AEO) into a unified three-tier AEO program, enhancing benefits for compliant entities. The new program includes features like Direct Port Delivery, Direct Port Entry, deferred payment of duties, and faster processing of refunds and drawbacks. It emphasizes benefits for small and medium enterprises and introduces Mutual Recognition Agreements with other customs administrations. Existing AEO and ACP entities are transitioned to the new system, with provisions for application and compliance detailed in the circular. The document also specifies eligibility, application procedures, and the benefits of different AEO tiers.
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