CBIC Introduces Liberalised Authorised Economic Operator Package for MSMEs

On 7th January, 2021, the Central Board of Indirect Taxes & Customs (CBIC) introduced liberalised Authorised Economic Operator package for micro, small and medium enterprises (MSMEs) for swift customs clearances.

Key Points

  • In order to attract MSMEs to become Authorised Economic Operators (AEOs) and avail the various benefits, the CBIC has relaxed the compliance criteria provided the MSMEs have a valid certificate from their line-Ministry.
  • The relaxed requirements allow MSMEs who have filed minimum 10 Customs clearance documents in one year and who have a clean compliance record over 2 years to apply for the scheme.
  • CBIC commits to take a ....
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