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    Mepp-Trading Across Borders

    Uploaded by

    Hari Krishnan
    The document discusses trading across borders and the authorized economic operator scheme. It provides details on transportation methods globally and in India. It also outlines the tiers and eligibility criteria for authorized economic operator status, which aims to enhance supply chain security and facilitate international trade.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Mepp-Trading Across Borders

    Uploaded by

    Hari Krishnan
    26 views5 pages
    The document discusses trading across borders and the authorized economic operator scheme. It provides details on transportation methods globally and in India. It also outlines the tiers and eligibility criteria for authorized economic operator status, which aims to enhance supply chain security and facilitate international trade.

    Original Description:

    Trading across borders presentation Indian Context

    Original Title

    mepp-trading across borders

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    The document discusses trading across borders and the authorized economic operator scheme. It provides details on transportation methods globally and in India. It also outlines the tiers and eligibility criteria for authorized economic operator status, which aims to enhance supply chain security and facilitate international trade.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    26 views5 pages

    Mepp-Trading Across Borders

    Uploaded by

    Hari Krishnan
    The document discusses trading across borders and the authorized economic operator scheme. It provides details on transportation methods globally and in India. It also outlines the tiers and eligibility criteria for authorized economic operator status, which aims to enhance supply chain security and facilitate international trade.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    Trading across borders

    • The Trading Across Borders indicator records the time and cost associated with the logistical
    process of exporting and importing goods.
    • Transportation by ports is the most favored followed by railways and then roads globally
    • Opposite trend in India
    • Italy tops EoDB(Ease of Doing Business)
    • India jumped to 68rd position Nepal - 94, UAE-16, Pakistan – 108, Sri Lanka- 99, USA-6
    • 70 % of the delays (both in exports and imports) occur on account of port or border handling
    processes
    • Involvement of multiple documentation and agencies increase the time and cost
    • Government has reduced the procedural and documentation process by digitalization
    • Integrating different agencies can further increasing efficiency
    Authorized Economic Operators
    scheme(AEO)
    • Used to smoothen the process for registered exporters/importers.
    • Under the support of the World Customs Organization (WCO) SAFE Framework of Standards to
    secure and facilitate Global Trade.
    • Aims to enhance international supply chain security and facilitate movement of goods
    • An entity engaged in international trade is approved by Customs as compliant with supply chain
    security standardsand granted AEO status
    • It enables Indian Customs to enhance and streamline cargo security close cooperation with the
    principle stakeholders of the international supply chain
    • Benefits include expedited clearance times, fewer examinations, improved security and
    communicationbetween supply chain partners
    AEO FRAME WORK
    • Three tiers of certification
    • AEO T1 – Verified on the basis of document submission only.
    • AEO T2 – In addition to document verification, onsite verification is also done.
    • AEO T3 – For AEO T2 holders
    • AEO LO – Here onsite verification is done in addition to document verification. For logistics
    providers, custodians or terminal operators, custom brokers and warehouse operators
    • Anyone involved in the international supply chain that undertakes Customs related activity in
    India can apply for AEO status irrespective of size of the business.
    AEO FRAME WORK
    • Eligibility criteria
    1. They have handled 25 Import or Export documents in last Financial Year.
    2. They have had their business activity for last three Financial Year
    3. The applicant must have been Financially Solvent for the last three financial years The applicant must not
    be issued a show cause notice involving ‘fraud, forgery, outright smuggling, clandestine removal of
    excisable goods or cases where Service Tax has been collected from customers but not deposited to the
    Government during last three financial years.

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