January 7, 2021
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Authorised Economic Operator liberalisation offers MSMEs expedited customs clearance and relaxed eligibility requirements with a rapid decision timeline.
The Liberalised MSME AEO Package relaxes eligibility and documentary requirements for MSMEs holding a line Ministry certificate and a clean two year compliance record, allows enrolment after filing a minimum number of customs clearances in a year, and commits to an expedited electronic decision timeline for tier 1 applications. The programme simplifies application formalities, reduces bank guarantee obligations for MSMEs, and confers facilitative benefits-including Direct Port Delivery/Entry, priority refund processing, Client Relationship Manager support, exemption or reduction of bank guarantees, deferred duty payment at import clearance, and enhanced facilitation under Mutual Recognition Agreements for higher tiers.