Covestro India Secures AEO Tier 2 Certification

07 Sep 2026 CW Team

Covestro (India) Private Limited has received Authorised Economic Operator (AEO) Tier 2 certification from the Central Board of Indirect Taxes and Customs (CBIC), recognising its customs compliance and supply-chain security practices.

The AEO T2 certification provides Covestro India with several operational benefits, including 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.

These measures are expected to improve the speed and predictability of the company’s cross-border supply chain while reducing disruptions for customers, particularly manufacturers operating lean or just-in-time production systems.

Anand Srinivasan, Managing Director, Covestro (India) and Head of Polycarbonate – ISC, said the certification would strengthen the company’s ability to support customers as manufacturing and supply-chain standards continue to advance in India.

The AEO programme, administered under CBIC, recognises businesses that maintain established standards of customs compliance and supply-chain security. Its three-tier framework — T1, T2 and T3 — provides progressively higher levels of trade facilitation, with Tier 2 awarded to organisations demonstrating mature and verifiable compliance systems.

Certification strengthens customs efficiency and supply-chain reliability.

Flyadeal Expands India Network with Mumbai-Riyadh Service

Govt Pushes Rare-Earth Magnet Capacity to Secure Manufacturing Supply

ECONOMY & POLICY

09 Oct 2026

Govt Pushes Rare-Earth Magnet Capacity to Secure Manufacturing Supply

Pathania Outlines Roadmap for Roads, Water, Power and Education

ECONOMY & POLICY

09 Oct 2026

Pathania Outlines Roadmap for Roads, Water, Power and Education

Gold Stories

ECONOMY & POLICY

01 Oct 2026

Infrastructure Opportunity Outlook by IMPACCT.Info

ECONOMY & POLICY

01 Oct 2026

We built our own capabilities to control execution

ECONOMY & POLICY

01 Oct 2026

Limitation of Liability in Construction Contracts

Infrastructure Transport

09 Oct 2026

Madhya Pradesh Plans Airport Every 150 Km, Airstrip Every 75 Km

The Madhya Pradesh government plans to establish an airport every 150 km, an airstrip every 75 km and a helipad every 45 km, according to the state aviation department. Airports being developed in Ujjain and Shivpuri are expected to take the state’s airport count to 10. The government stated that Madhya Pradesh currently has eight airports in eight cities. The locations named by the department include Indore, Bhopal, Jabalpur, Gwalior, Khajuraho, Rewa and Satna. The state also has more than 20 airstrips and 220 helipads, while permanent helipads are planned in all 230 Assembly constituencies..

Infrastructure Transport

09 Oct 2026

West Bengal Plans Four Airports for 2028 Completion Under UDAN

West Bengal will develop four new airports under an agreement signed between the Union Civil Aviation Ministry and the state government, with all facilities targeted for completion by 2028. Union Civil Aviation Minister K Rammohan Naidu said the airports would be located at Charra in Purulia, Kalaikunda in Paschim Medinipur, Balurghat in Dakshin Dinajpur and Hasimara in Alipurduar. The project is part of the Centre’s regional connectivity UDAN programme. The Union government has committed Rs. 290 bn for West Bengal’s aviation sector over the next decade, while the state government will pro..

Infrastructure Transport

09 Oct 2026

Mumbai Airport Bars Russian Airlines as Agent Seeks Ministry Intervention

Mumbai airport has stopped accepting cargo booked on Russian flag carrier Aeroflot, disrupting shipments and prompting the airline’s cargo sales agent, Delmos Aviation, to seek intervention from the Ministry of Civil Aviation. The restrictions also affect cargo booked on Volga-Dnepr Airlines, according to a letter submitted by Delmos Aviation to the ministry on September 30. Aeroflot operates daily flights between Moscow and Delhi and runs a winter seasonal service to Goa. Bonded cargo from Mumbai and other cities is transported by road to Delhi before being flown to Russia. The agent said t..