The Customs AEO (Authorised Economic Operator) Accreditation is better than its predecessor, the PTA (Preferred Trader Accreditation) Program.
- The AEO offers real tangible benefits
- With a little help, the Application Process is simpler, and
- The Audit Requirements are less stringent than before.
Also, the AEO Accreditation takes into account one’s relative company size during the vetting process. For example, even SMME’s now qualify to apply.
Smaller companies do not need a team of qualified corporate governance officers to draw-up highfalutin policies to prove compliance. Off-course, one does within reason, to demonstrate some level of compliance to the Customs legislation.
How to Demonstrate Compliance
- Supply of Standard Operating Procedures
- Proof of Financials and a Good Financial Track Record
- Passing the Customs CSK (Sufficient Knowledge Test).
There are two Levels of AEO Accreditation
Level 1 – Compliance
Level 1 has to do with one’s Record of Compliance, Logistical Systems, Sufficient Knowledge, Financial Resources and Domestic Taxes. This level may be viewed as internally focused.
Level 2 – Safety and Security
Level 2 builds on Level 1 Accreditation. In addition, it focuses on:
- Security of Buildings and Premises
- Business Partner Security
- Crises Management and Recovery
- Information and Confidentiality
- Personnel Security
- Cargo Security
- Education and Training
- Communication with SARS, and
- Good Corporate Governance.
This level may be viewed as both internally and externally focused.
The Benefits of AEO Accreditation
There are varying benefits between Level 1 and Level 2 Accreditation. The below listed benefits are a consolidation of the primary benefits for both Levels 1 and 2.
Benefits Include:
- Access to a Customs Client Relationship Manager
- Prioritisation of Applications (Licensing and Clearance Related)
- Reduced Security Amounts (i.e. Guarantees for Bond Stores, Rebate Stores, and Deferment Accounts)
- Reduced Inspections and the ability to Inspect Cargo at Premises (i.e. Embargo’s).
The Customs AEO Accreditation is a far better instrument for Trade Facilitation than its predecessors.
The benefits are far reaching. They will help Importers, Exporters, Customs Clearing Agents and Transporters to expedite Customs formalities, and to reduce costs.
Contact Us
Please Contact us for advice or a quotation for the Customs AEO Accreditation.
We will help you with:
- Application Process and e-Filing Procedures
- Supporting Documents and Templates
- Compliance Verification Requirements and Guidance
- Preparation for the CSK (Customs Sufficient Knowledge) Test.
