AEO is an internationally recognised accreditation that indicates a company’s role in the supply chain is secure and reliable, and that any Customs controls and procedures are efficient and compliant.
There are a range of benefits companies can take advantage of when operating under AEO:
Simplified Customs
declarations and EIDR (Entry in Declarant’s Records)
Transit simplifications
Priority treatment
of consignments if selected for control
Clearance self-assessment
The option of a centralised clearance self-assessment
Easier admittance to special procedures
such as CFSP, temporary storage and Customs warehousing
Duty deferment
guarantee reduction and SIVA
Guarantee
reductions or waivers
Removal of previous sales provisions
relating to valuations