Customs Advisory & Compliance Services
Authorized Economic Operator (AEO)
AEO T2 &T3
- Review: Preparedness & OSPCA
- Understand the operations undertaken by the Company, process flow (documents/goods) & review sample documents from the perspective of AEO T-2 & AEO T-3, Customs law, and Foreign Trade Policy compliances matters. This review would be for preparedness of:
- Determination of eligibility in respect of AEO T-3
- Process flows, compliances namely legal compliances, financial solvency, managing of transport & commercial records, safety, security of the business in terms soundness of internal controls, procedural security of transportation, handling/storage of cargo, related documentation, cargo security and other aspects as laid down in Circular, etc
- OSPCA: Collate documents as per OSPCA guidelines, such as import/export invoices, BoE/SB, licenses, ledgers, financials), etc to review the information/documents for following aspects:
- Appropriateness of classification of import/export goods (broad level)
- Valuation of imported goods: change in circumstances (import form related parties), implications of royalty, technical know-how etc.
- Rate of duty including appropriateness of exemptions availed if any including fulfilment of conditions therein
- Export/import incentives claimed
- Customs procedures including licensing requirement (such as BIS, SCOMET, etc.)
- Assessments (whether provisional, open bonds etc)
- Evaluation of internal controls to ascertain as to whether the process controls are appropriate, etc
- Share a draft report to the Company stating our understanding, documents reviewed, our observations from relevant legal compliance perspective and suggest way forward for best compliance practises in this area
- Understand the operations undertaken by the Company, process flow (documents/goods) & review sample documents from the perspective of AEO T-2 & AEO T-3, Customs law, and Foreign Trade Policy compliances matters. This review would be for preparedness of:
- Assistance in obtaining AEO T-3 certificate
- Based on review of documents and Customs processes, assist in preparation of application form (Annexure A to the Circular) and other Annexures
- Submission of requisite application with AEO Authorities
- Reply to queries raised by authorities, if any
- Timely follow up with Authorities for faster disposal of the application including scheduling visit, if required
- Represent the Company before Customs Authorities (restricted to AEO process) & obtain AEO T-2/T-3 certificate on best effort basis 6. Suggesting best compliance practices from AEO T-3 perspective