Mumbai, Sep 03: CovestroPrivate Limited has received Authorised Economic Operator Tier 2 certification from the Central Board of Indirect Taxes and Customs, Government of India, recognising the company’s customs compliance and supply-chain security practices
For Covestr AEO T2 brings concrete operational advantages: priority customs processing, Direct Port Delivery and Direct Port Entry for eligible consignments, reduced bank guarantee requirements, and an extended duty deferral period of up to 30 days following the Union Budget 2026–27 proposal and subsequent notification. For customers, this means shipments arrive faster and with fewer disruptions, a significant advantage for manufacturers running on lean or just-in-time schedules. Together, these measures make Covestro India‘s cross-border supply chain more predictable, cost-efficient and reliable for everyone in the chain.
Commenting on this achievement, Anand Srinivasan, Managing Director – Covestro& Head of Polycarbonate – ISC, said,
“India‘s manufacturing sector is growing fast and supply-chain standards are rising with it. AEO T2 puts us in a stronger position to serve our customers here — not just as a supplier, but as a partner they can plan their businesses around.”
The AEO programme is a trade-facilitation initiative administered by the Directorate of International Customs under CBIC, recognising businesses with established standards of customs compliance and supply-chain security. Its three-tier framework – T1, T2 and T3 – offers progressively enhanced facilitation, with T2 reserved for organisations that demonstrate mature, verifiable compliance controls. The programme is aligned with international trusted-trader frameworks and is designed to facilitate secure, efficient cross-border trade.