Internationally valid Authorized Economic Operator Certificate is generated to facilitate import and export procedures. It enables completion within soonest possible notice, customs clearance in respect of both importation as well as exportation issues of those companies with a proven record of credibility and fulfilling requirements of specific regulatory practices. By virtue of Authorized Economic Operator Certificate, business enterprises are allowed to receive the imported commodities directly within their manufacturing premises. Whereas any exported goods could be forwarded from such manufacturing premises directly to customs clearance outwards. Thus, it is ensured faster performance of the relevant procedures.
Which Prerequisites Are Sought?
The primarily sought prerequisite is credibility. The entity is required to be free of any criminal offense regarding customs legislations.
Its business books and records should be reliable and traceable. It should be attended and taken care to keep and maintain any and all records concerning business operations and transportation so as to ensure that customs clearance controls are made in the easiest manner possible. It should further be assured that means of security are duly adopted so as to keep the computer system and all entries of the unit filing application in secret and avoid any unauthorized access by third parties. Any and all data and particulars with respect to the product specifications and transportation of the same should be kept and maintained in a systematic manner.
There should be available financial capability to meet and cover the undertakings.
It is amongst the prerequisites that safety and security of the foregoing are provided for and maintained in utmost care. It should be created the medium required for inspection of the goods. Further, in case there is any deficiency which might cause confusion and/or substitution between the goods, this should be eliminated. Regular security checks should be initiated and business methods and conduct should be set forth mutually with the stakeholders.
Amenities To Be Enjoyed
In fact, companies in possession of Authorized Economic Operator Certificate become some type of Customs Administration. To this effect, manufacturing premises holding such a certificate are enabled to make the audits of their own products more conveniently and ensure faster advancement of the relevant procedures.
There are certain facilities provided to those companies holding this certificate without demand. Understatement method and partial assurance practices appear before us and are confronted with as facilitated practices. It is included in the practices concerning control of the declaration, such processes like green line application, in circumstances where control of documents are deemed necessary, carrying out documentary controls preemptively, and in cases where inspection is required, similarly preemptive performance of such inspections.
Likewise, in respect of safety and security, there are substantial conveniences granted to the companies through possession of Authorized Economic Operator Certificate. First of these is preferential right of passage. While declaring the summarized manifest of data required to be declared mandatorily, it is provided ease and ensured that customs controls pertaining to such resume are reduced and simplified. Yet another facility is preferential performance of these controls.
Whenever certain companies file requests therefor, they could make avail of specific conveniences regarding certain diverse applications. In case of demand, they are entitled to lump sum guarantee implementation as well as approved export authorization. Such issues like ATR, EUR-MED and invoice statement issuance, entitlement to on-site customs clearance in respect of import and export procedures, licensed consignor and consignee authorization are amongst issues that could be possessed and enjoyed as and when requested.
Cooperation With Customs Administrations
If you are a company in possession of Authorized Economic Operator Certificate, you could be allowed ease of passage through customs. All customs clearance procedures could be carried out faster compared to other companies, and priorities are granted.
Proceeds Of Being An Authorized Economic Operator
Companies in possession of such certificate are entities with proven credibility in the market. Further, since their process costs would be reduced, thus allowing them extra time, this would also enhance their competitive power. They are welcome to make use of the privileges provided in those countries where this certificate is in effect. Expenses are reduced and their cooperation with suppliers is improved and augmented. All sorts of uncertainties that could arise in relation with the
shipments are minimized. They are further promoted regarding operating in compliance with the rules.