Alphonsa Cashew Industries has been awarded Authorised Economic Operator Tier 2 Status on 16 March 2020 by the Directorate of International Customs, Government of India. Alphonsa Cashew is the first company from the Indian cashew industry to be awarded the AEO Tier 2 Status.
The program is regarded as a globally recognised quality mark that shows strong commitment towards securing international supply chains and in complying with World Customs Organisations’ SAFE Framework of Standards. The status is granted by the Central Board of Indirect Taxes and Customs (CBIC) and the companies that achieve AEO status are considered a more secure and reliable business partner and get to operate with certain privileges.
AEO is a programme under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade. The programme aims to enhance international supply chain security and facilitate movement of legitimate goods. Mutual Recognition of AEOs is a key element of the WCO SAFE Framework to strengthen end-to-end security of supply chains and to multiply benefits for traders at a global level.
Mutual Recognition Agreements (MRA) are the international face and connecting link of the domestic AEO Programme of various countries. It acts as an equaliser that harmonise the minor difference to allow for seamless facilitation in terms of benefits and processes for movement of goods across international borders for the domestic AEO accredited entities. Mutual Recognition of AEOs is a key element of the WCO SAFE Framework to strengthen end-to-end security of supply chains and to multiply benefits for traders at a global level.
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