AEO & SELF ASSESSMENT
Freight Forwarders & Customs Brokers urge for clarity
Authorised Economic Operator
a ccording to Raghu Sankar G, ED, International Clearing and Shipping Agency, the Authorised Economic Operator (AEO) programme is a move in the right direction. But the pace of progress needs to be addressed. If and when implemented, it would definitely speed up the entire process. This, in turn, would translate to a reduction of transactional costs. In AEO, there should be two categories – one section of service providers to be mandatory, and the other optional. Custodians, licenced by Customs and handling the entire flow (irrespective of their clients – importers and exporters being AEO or not), should mandatorily be in the loop to ensure continuity of the chain.
Prem Kumar M, CMD, Uniworld Group, maintained that the AEO programme is a building block to secure international trade-flow against security threats during the global movement of goods. AEO encompasses all stakeholders in the supply chain process from door-to-door; i.e, exporter, importer, freight operators, custom brokers, terminal operators, distributors