Vikas Ecotech has received the ‘Authorized Economic Operator’ (AEO-T1) certificate from the Central Board of Indirect Taxes& Customs (CBIC), Ministry of Finance, Government of India. The AEO-T1 certification for the company is valid upto October, 2021.
The AEO certification is granted after a thorough check of a company’s general compliance, legal compliance, management of commercial and transport records, financial solvency and safety by the AEO Team of the CBIC. This AEO-T1 certification enables the company to be known as one of India’s top-class exporters and shall be accorded a high level of facilitation in imports and export of all consignments, thereby ensuring shorter cargo release times. Another benefit of the AEO-T1 certificate is that company’s quantum of any required Bank Guarantee would be 50% of what would be needed to be furnished by a non-AEO Certificate Holder importer or exporter.
Vikas Ecotech is an emerging player in the global arena of high-end specialty chemicals. An integrated, multi-specialty product solutions company, it produces a wide variety of superior quality, eco-friendly additives and rubber-plastic compounds.
