Answer: Ministry of Finance
Notes: The Ministry of Finance has granted Authorised Economic Operator (AEO) status to the gem and jewellery sector to enhance ease of doing business. Asian Star, a leading diamond manufacturer, is the first recipient in the industry. The AEO program, under the World Customs Organization (WCO) SAFE Framework, aims to secure international supply chains. AEO status offers benefits like quicker clearance and enhanced security, aligning with World Trade Organization trade facilitation agreements. Introduced in India in 2011, the voluntary AEO Programme by CBIC simplifies customs procedures.
