GAIL gets the status of "AEO T3" authorized economic operator
India's leading natural gas company GAIL India Limited has been awarded the coveted Authorized Economic Operator (AEO) T3 status by the Central Board of Indirect Taxes and Customs, Ministry of Finance.
This recognition signifies the highest level of facilitation for exporters and importers, establishing GAIL as a reliable and secure partner in international trade.
The AEO program, administered by the World Customs Organization (WCO), aims to strengthen global supply chain security, streamline customs procedures and promote ease of doing business.
AEO T3 Status
AEO T3 status brings several benefits to GAIL India, the certification streamlines customs procedures, reduces administrative burden, and enhances the speed and efficiency of international trade transactions.
GAIL can now avail the benefits of simplified customs clearance procedures, reduced scrutiny and documentation requirements, and priority treatment at ports and borders. These advantages translate into cost savings, better supply chain management, and a competitive edge in the industry.
The AEO T3 certification recognizes GAIL's efforts in mitigating the risks associated with global trade such as smuggling, fraud, and terrorism.
GAIL (India) Limited
It was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas (MoP&NG). The company was initially given the responsibility of construction, operation, and maintenance of the Hazira-Vijaipur-Jagdishpur (HVJ) pipeline project.
World customs organization
It was established in 1952 as the Customs Co-operation Council. In 1994, it was renamed as the World Customs Organisation. Its headquarter is in Brussels.
