Services

  • AEO CERTIFICATION SERVICES
  • OPINION SERVICES
  • DRAFTING SERVICES
  • START UP SERVICES
  • BUSINESS SOLUTIONS

AEO Certification Services

We provide comprehensive services of obtaining AEO Accreditation Certificates to our clients. We extend guidance to fulfil compliance with the prescribed security standards, provide assistance in the application processes and field verifications by the nodal agency.

What is AEO

An Authorised Economic Operator is a three tier accredited client programme of the Government of India, that extends customs privileges to a party involved in the international trade who comply with WCO or equivalent supply chain security standards specified in this behalf. The programme is aimed at ease of doing hassle free business by facilitating customs processes in return of maintaining specified compliance standards by the clients.

What are the compliance criteria

The criteria of compliance and the modicum of accreditation is spelt out in the Programme itself. Upon fulfilling the criteria, the party can apply for accreditation. The three tier certificates of accreditation are issued by the GOI upon field verification of the security standards maintained by the client. Upon accreditation, the client is extended the privileges/facilitations by customs based on the level of certification.

What are the benefits to the client
Benefits Tier I:
  • They shall be accorded high level of facilitation in imports and export of their consignments, thereby ensuring shorter cargo release time.
  • Facility of Direct Port Delivery (DPD) of their import Containers and/ or Direct Port Entry (DPE) of their Export Containers would be available to them. However, this facility will be dependent on the volume of their Import/ Export trade in terms of number of containers.
  • ID cards to be granted to authorized personnel for hassle free entry to Custom Houses, CFSs and ICDs.
  • Wherever feasible, they will get separate space earmarked in Custodian's premises.
  • In case they are required to furnish a Bank Guarantee, the quantum of the Bank Guarantee would be 50% of that required to be furnished by an importer/ exporter who is not an AEO Certificate Holder. However, this exemption from Bank guarantee would not be applicable in cases where the Competent Authority orders furnishing of Bank Guarantee for provisional release of seized goods.
  • Expedited Investigations, if any, in respect of Customs, Central Excise and Service Tax cases.
  • Expedited dispute resolution at the level of Adjudicating Authorities in respect of Customs, Central Excise and Service Tax cases.
  • They will not be subjected to regular PCA, instead, onsite PCA will be conducted once in a year only.
  • They will get an e-mail regarding arrival/ departure of the vessel carrying their consignments.
  • 24/7 clearances on request at all sea ports and airports
Benefits Tier II:

The following benefits would be provided over and above the benefits offered in tier-one:

  • They shall be accorded higher level of facilitation (as compared to AEO Tier-One) in imports and export of their consignments.
  • For Importers/Exporters not opting for DPD/DPE, seal verification/Scrutiny of documents by Custom officers would be waived.
  • The containers selected for scanning will be scanned on priority. The BEs/SBs selected for Assessment and/or Examination will be processed on priority by the Customs officers.
  • In case they are required to furnish a Bank Guarantee, the quantum of the Bank Guarantee would be 25% of that required to be furnished by an importer/ exporter who is not an AEO Certificate Holder. However, this exemption from Bank guarantee would not be applicable in cases where the Competent Authority orders furnishing of Bank Guarantee for provisional release of seized goods.
  • They will be given facility to paste MRP stickers in their premises.
  • They will not be subjected to regular PCA instead of that onsite PCA will be conducted once in two years only.
  • They will be given access to their consolidated import/export data through ICEGATE from a date that would be communicated separately.
  • On request they would be provided on-site inspection /examination
  • They would be provided the facility of submitting paperless declarations with no supporting documents in physical form
  • All Custom Houses will appoint a nodal officer as a single point of interaction with them.
  • The refund/Rebate of Customs/Central Excise duty and Service Tax would be granted within 45 days of the submission of complete documents.
  • They will get trade facilitation by a foreign Customs administration with whom India enters into a Mutual Recognition Agreement/Arrangement.
  • Facility of deferred payment of duty will be provided, from a date to be notified
  • Faster disbursal of drawback amount, from a date to be notified
Benefits Tier III:

The following benefits would be provided over and above the benefits offered in Tier-Two:

  • They shall be accorded highest level of facilitation (as compared to AEO Tier- Two) in imports and export of their consignments.
  • Their containers will not be selected for scanning except on the basis of specific intelligence. Further when any container is selected for scanning, top most priority will be given for scanning.
  • The assessing/examining custom officer will rely on the self-certified copies of documents submitted by them without insisting upon original documents.
  • They would not be required to furnish any Bank Guarantee. However, this exemption from Bank guarantee would not be applicable in cases where the Competent Authority orders furnishing of Bank Guarantee for provisional release of seized goods.
  • An approach based on Risk based interventions, in case of requirements originating from the Acts administered by other Government Agencies/Departments, will be adopted for providing better facilitation in imports and export of their consignments.
  • They will not be subjected to regular PCA instead of that onsite PCA will be conducted once in three years only.
  • The refund/Rebate of Customs/Central Excise duty and Service Tax would be granted within 30 days of the submission of complete document.

Opinion Services

Often tax payers are confronted with uncertain tax issues and disagreements with the Enforcing Departments involving huge stakes of money. The issues may arise out of Audit objections, Enforcement actions or on account of ambiguous or curable faulty legislations. Besides the sword of prospective tax demands hanging uncertainly over their heads, it significantly affects the financial planning of the businesses.

Similarly, foreign investment start up companies are confronted with agitating tax issues that are at various stages of litigations requiring urgent decision making to determine the project viability and/or require Advance Rulings to remove uncertainties that affect tax planning.

Ill informed decision making by tax payers in the absense of expert opinions are very often irreversible and can have huge costs to the company and can upset the calculations of the promoters.

We, at PSquare Wisdoms, provide concrete, legal opinion in all fields of taxations duly supported with expert commentary, legal authority and precedent case laws to facilitate informed decision making. We strive to remove the element of tax uncertainty in our client businesses.

Drafting Services

A vivid articulate draft is a foundation for a good defence. Lack of time and diverse domains of law are the serious challenges that confront Law firms to expand and grow.

We, at PSquare Wisdoms, provide comprehensive back end drafting services in the realm of taxation, FEMA, FCRA, SEBI and other fiscal laws to Law firms.

We also assist Tax Payers with preparing draft reply to Show Cause Notice, Audit Objections and Appeals before Appellate Authorities. 

We command exceptional knowledge, skills and expertise in drafting of ready to file Appeals/Counter Affidavits before Tribunals, High Courts, and the Supreme Court of India.

 

Start Up services

We provide comprehensive end to end services for Foreign Investment Start up companies’ right from company formation to obtaining necessary industry approvals, registrations, licences etc.

We also provide advisory services guiding our clients through customised operation modules that work in synergy with the Industrial and Tax policies of the Government of India to enhance operation efficiency.

Besides, we also provide consultancy services for setting up company infrastructure and logistics tie up for start up companies. 

So, if you are a Start up entrepreneur looking to establish business in India, look up to PSquare Wisdoms for support and assistance.

Business Solutions

 

We seek to provide credible business contacts for raw material sourcing, infrastructure building, Logistic solutions, Banking solutions, HR Solutions, Sub contracting, outsourcing and analysing International Trade Leads from leading sites to our clients.

We also provide one stop first contact services for Foreign Start ups to guide them through the processes and trade facilities of relevant ministries of the Government of India, on retainership basis.

About PSquare Wisdoms

PSquare Wisdoms started as a premium freelance Advisory cum consultancy service provider in the field of indirect taxation.

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