India: Authorised economic operator (AEO) renewal

Circular to allow for continuous authorised economic operator certification and for automatic renewal for AEO-T1 entities

Circular to allow for continuous AEO certification, automatic renewal for AEO-T1 entities

The Central Board of Indirect Taxes and Customs (CBIC) issued a circular to allow for continuous authorised economic operator (AEO) certification and for automatic renewal for AEO-T1 entities (subject to the submission of an annual declaration).

  • The annual declaration must be filed between 1 October to 31 December each year.
  • Entities certified after 1 April 2019 will be considered “migrated” to auto renewal status, effective from 1 August 2021.
  • AEO-T1 entities certified on or after 1 January 2021 will not be required to submit an annual self-declaration for the current year.
  • Any findings of non-compliance are to be communicated to the AEO holder.

Read an August 2021 report [PDF 279 KB] prepared by the KPMG member firm in India

 

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