TaxTMI 
TaxTMI 
Simplification and rationalization of processing of AEO-T1 application - reg.
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....ian AEO Programme is governed by this circular. Multiple suggestions have been received from various field formations, wherein it has been emphasised that the compliance requirements for AEO T1 are not commensurate with the benefits allowed to AEO T1 entities. The suggestions also highlighted the fact that this has made it difficult to attract entities into the AEO fold. Consequently, a review of the aforementioned circular was done and it was felt that the processing of AEO T1 application requires simplification and rationalization. Accordingly, it has been decided that the present Annexure for AEO T1 application i.e. Annexure A, C, D, & E1,E2,E3 & E4 shall be hereby replaced with the Annexure 1 and Annexure 2 (enclosed herewith). The pro....
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....sing of AEO T1 application is already underway. The online processing of AEO T1 application will commence as soon as the necessary digital infrastructure is in place. In the meantime, the processing of new AEO T1 application in form of the new annexures {annexure 1 & 2) will come in effect immediately. This will ensure proper preparedness and adequate time to Customs Zones to take up necessary outreach to the trade, informing them about the relevant changes as well as imminent automation of AEO T1 application processing, before the process of transition to digitization is initiated. The Board Circular No. 33/2016- Customs dated 22/7/2016 as amended stands modified to above extent Wide publicity may please be given to this Circular by way ....
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....ership Act, 2008) 7. PAN Number (copy to be provided) 8(a). Major Items of import and countries (in descending order of volume) 8(b) Major Items of export and countries (in descending order of volume) 9. Number of documents i.e. Bills of Entry or Shipping bills handled, with the Customs Authorities during the last financial year. 10. Duration for which the entity has business activities preceding the date of application? 11. Provide Process Map that should illustrate the flow of goods and provide sample copy of relevant record keeping documentation (related to - sales &purchase order, inventory management of warehouse and manufactured goods, shipping/transport document) to ascertain the complete trail and flow of go....
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....eguard duties or countervailing duties? If, yes, please briefly provide details of the goods. 5. Provide procedures for verifying the accuracy of Customs declarations including procedure in place on the establishment of Customs Value and tariff classification. In case any Business Partners/ representative is involved in the above mentioned process/formalities please provide details of the representative along with the document that brings out the responsibility of the representative. 6. Provide in brief the procedure to ensure the protection of your computerized record system from unauthorized access? 7. Provide procedures for back-up, recovery, archiving and retrieval of your business records. Please state for how long is this da....