What are the benefits for my company of a customs simplification AEO certificate?
The main benefits of AEO status will not be realised until the requirements for pre-arrival and pre-departure are introduced in July 2009 and the changes linked to the Modernised Customs Code are introduced, probably some time in 2010 but when considering whether or not to apply traders should be aware that access to certain simplifications in customs procedures such as guarantee waivers and centralised clearance may be restricted to AEOs, recognised status across the EU that should make it easier for businesses to apply to use simplifications across the EU. Trade considers AEO status an industry ‘kite mark’ and useful marketing tool.
From 1 January 2009 businesses holding, or wishing to apply for, Customs Simplifications (For example CFSP, LCP or Simplified Export) are required to either hold AEOC/F status or meet the AEOC criteria. However the main benefits of AEO status are linked to changes in the Modernised Customs Code which is expected to be implemented June 2013. Examples of the proposed changes in the MCC include: • Guarantee waivers – All businesses wishing to hold or apply for a customs special procedure (Inward Processing, Customs Warehouse, Temporary Storage etc) will be required to have in place a guarantee. Holders of AEOC/F status will be entitled to a full waiver. Businesses meeting the AEOC criteria will also be entitled to the waiver. • Single authorisations – all businesses wishing to hold or apply for a single authorisation across more than one member state will be required to either hold AEOC/F status or meet the AEOC criteria. • Self assessment and centralised clearance – similarly all busines
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