βIndirect Tax I Indirect Tax Litigation I Customs & FTP I Central Licensing I Arbitration I Advisoryβ
Dated: 19.02.2025
CBIC Launches Direct Import Clearance for AEO T2 & T3
CBIC has introduced new Customs regulations for direct import clearance at Authorised Importer Premises, allowing AEO Tier II & III importers to store and process goods at their licensed warehouses. This initiative streamlines customs clearance, reducing port congestion and improving trade efficiency.
Key Highlights:
- Applicability & Eligibility:
- The facility applies to Authorised Economic Operators (AEO) under Tier II and Tier III.
- Importers must have designated storage premises within an already licensed bonded warehouse (under Sections 58 or 58A of the Customs Act, 1962).
- Applicable only to imported goods classified under HS codes 8517-8548.
2. Registration & Approval Process:
- Importers must apply to the Commissioner of Customs for registration.
- Verification of premises will be conducted within 7 days, and approval will be granted within another 7 days, provided all conditions are met.
- If additional information is required, the importer gets 15 more days to furnish the details.
3. Automated Permission for Storage:
- Upon arrival of goods and completion of electronic customs formalities, automated permission for storage at Authorised Importer Premises will be granted.
- Exceptions where permission will not be granted:
- Goods flagged as suspicious during scanning.
- Pending NOCs from government agencies.
- Specific intelligence-based holds.
4. Movement & Storage at Importer Premises:
- Once permitted, goods can be transported under bonded movement to the importerβs premises with a secure customs-approved seal.
- The bond officer at the premises may examine goods electronically and report back to the port of import.
5. Clearance & Removal of Goods:
- After examination, goods can be cleared for home consumption (Section 47) or moved for warehousing (Section 60).
- Importers must clear or remove goods within 15 days, extendable upon valid justification.
6. Importerβs Obligations:
- Maintain a continuity bond for goods under movement.
- Ensure secure storage and facilitate examination at their own cost.
- Keep detailed records of receipt, handling, and clearance for customs review.
7. Suspension & Penalty Provisions:
- The Commissioner of Customs may suspend or revoke the facility if conditions are violated.
- Non-compliance may result in penalties under Section 158(2)(ii) of the Customs Act.
8. Power to Relax Rules:
- The CBIC has the authority to relax provisions for certain classes of goods, subject to specified conditions.
Impact & Benefits:
- Faster clearance by enabling movement directly to importer premises.
- Reduced port congestion and storage costs.
- Enhanced security & transparency through automated tracking.
- Lower compliance burden for trusted importers with AEO status.
This initiative aligns with the Government of India’s digital and trade facilitation reforms, aiming to improve ease of doing business and streamline customs clearance procedures.
In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services.
We offer Legal advice and litigation support in matters related to Indirect Tax-Customs, FTP, other Indirect Tax matters & Arbitration law, all sorts of Central licensing and related matters. Come and explore the new way of doing business with us!
Source: CBIC, Ministry of Finance, Government of India
Connect with us for more-
@ Team S J EXIM SERVICES, New Delhi, IN
CP: Ms. Shubhra Jha, Founder
Tel: +91-11-4999 2707 I +91-9999005693
Web: www.sjexim.services
EMAIL: operations@sjexim.services I shubhra@sjexim.services
Facebook: www.facebook.com/sjeximservices
LinkedIn: https://www.linkedin.com/company/90794255/admin/feed/posts/
YouTube: https://www.youtube.com/@sjeximIndia
Subscribe our WhatsApp Channel:Β https://whatsapp.com/channel/0029VaTxDT8JZg4CHEOSoK47
Subscribe our Telegram Channel:Β https://t.me/sjeximindia
Disclaimer:
1. The views expressed are based on the interpretation of the relevant information/documents, applicable law, and government policy and there is no assurance that a court or tribunal or regulatory body or other governmental authority may not interpret it differently.
2. We are not responsible for updating or revising this article on account of any change in law or interpretation thereof or a change in events or circumstances informed or occurring after the date of this article unless specifically requested for it.
3. Our advice should not be taken or used out of context or reproduced for any other purpose or transaction. Views expressed in this update are strictly personal, based on our understanding of the underlying law.
4. We are not responsible for any injury, loss or cost arising to any person who refers to this update and acts or refrains from any act accordingly. We would suggest that detailed legal advice must be sought before relying on this update.
NOTE: All Inquiries/Consulting/Advisory/Assignments are solicited via email only & it is a PAID Service only!
#LawFirm #Lawyers #Arbitration #ArbitrationLaw #ADR #India #Law #LegalUpdates #NewDelhi #IndirectTax #IndirectTaxLaw #CBIC #FTP #CommercialLaw #CorporateLaw #ConstitutionalLaw #BarandBench #InternationalArbitration #InternationalCommercialArbitration #WTO #TBT #QCO #BIS #UnitedNations #UNO #DutyDrawback #CustomsAct #Advisory #ProBonoConsulting #IndiaCustomsAtWork #Facebook #Twitter #Instagram #LinkedIn #Tumblr #WhatsAppChannel #WhatsApp #YouTubeChannel #YouTube #KPMG #Deloitte #ErnstandYoung #GrantThornton #EY #PWC #BDO #Consulting #SettlementCase #DGFT #CII #FICCI #IndianChamberofCommerce #InternationalChamberofCommerce #PHDChamberofCommerce #FTP #FTP2023 #Compliance #CDSCO #HighCourts #SupremeCourt #DPIIT #CESTAT #CAAR #AdvanceRuling #CEX #Appeal #Refunds #IGSTRefund #Google #GoogleSearch #GoogleSEO #AIFTA #FTA #ASEAN #CustomsAdvanceRuling #JICA #JETROIndia #KITAIndia #KOTRAIndia #Multinationalcompanies #JapaninIndia #KoreainIndia #GovtofIndia #MinistryofcommerceIndia #TradeDeals #FTA #RulesofOrigin #SJEXIMServices #NewDelhi #India #Ministryofsteel #SteelQCO
Leave a Reply