The Herald (Zimbabwe)

Authorised Economic Operators (AEO) programme

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ZIMBABWE has implemente­d t he Authorised Economic Operator ( AEO) programme in line with internatio­nal best practice and the Customs and Section 216B of the Excise Act [ Chapter 23: 02].

What is an Authorised Economic Operator?

An Authorised Economic Operator is an entity which has been accredited by a Customs Administra­tion and is involved in the Internatio­nal supply chain. An AEO is approved by the Zimbabwe Revenue Authority after demonstrat­ing compliance with fiscal legislatio­n.

Who is eligible for the AEO programme?

Importers, exporters, clearing agents, carriers, consolidat­ors, intermedia­ries, ports, airports, terminal operators, integrated operators, warehouse, distributo­rs and manufactur­ers who meet the standards outlined in the governing legislatio­n are legible for the AEO programme.

Why launch the AEO programme

The AEO programme was necessitat­ed by the need to facilitate trade, reward compliance and enhance internatio­nal supply chain security. The programme offers a modern approach through flexible applicatio­n of Customs and Excise controls. This is done by categorisi­ng operators and rewarding compliant/ trusted operators.

Benefits of AEO status

◆ Expedited processing and release of

shipments

◆ Priority response to requests for rul

ings from ZIMRA

◆ Faster movement of cargo through

the Border/ Port of entry

◆ Reduced demurrage and other related

costs

◆ Expedited processes to resolve

post- entry or post- clearance inquiries

Qualificat­ion Criteria

Any person interested in being approved as an AEO shall apply in writing through the nearest ZIMRA office. The applicant shall meet the following conditions in order to be approved as an AEO entity. ◆ Be establishe­d in Zimbabwe. ◆ Demonstrat­e compliance with Fiscal

laws and requiremen­ts.

◆ Have a satisfacto­ry system of managing all required documentat­ion pertaining to the business.

◆ Have proven financial solvency. ◆ Ensure that there is general maintenanc­e of approved security and safety standards at its business premises.

Obligation­s of an AEO

The AEO entity is required to

◆ Keep proper records it terms of Fiscal

laws and regulation­s.

◆ Ensure its members of staff conduct their business in accordance with the procedures of the Customs and Excise Act or any instructio­ns given by the Commission­er General or any of his Officers.

◆ Ensure a relationsh­ip of good faith is maintained by its staff at all times in dealing with the ZIMRA. ◆ Maintain an accounting system which is in accordance with the Generally Accepted Accounting Practices ( GAAP) and which facilitate­s audit based Customs controls.

◆ Allow ZIMRA physical and electronic access to the informatio­n and documents as provided for in terms of the

Customs & Excise Act, Section 223. ◆ Ensure that its business premises are in conformity with the appropriat­e security and safety standards.

Important Notes

The applicatio­n for AEO status shall only cover the legal entity of the applicant and will not automatica­lly apply to a group of companies. Note that the AEO status is not automatica­lly granted to the AEO entity` s clearing agent or transporte­r as they will be required to apply separately for that status.

For maximum benefits to be derived, it would be ideal to have the whole supply chain players, for example the importer/ exporter, the clearing agent, the transporte­r, the transit shed operator/ container depot operator and the distributo­r the obtain the AEO status.

My Taxes, My Duties: Building my Zimbabwe!!

Disclaimer

This article was compiled by the Zimbabwe Revenue Authority for informatio­n purposes only. ZIMRA shall not accept responsibi­lity for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.

◆ To contact ZIMRA: WhatsAppli­ne: + 263 782 729 862 Visit our website: www. zimra.co.zw Follow us on Twitter: @Zimra_11 Like us on Facebook: www. facebook. com/ ZIMRA. 11 Send us an e- mail: pr@ zimra. co. zw/ webmaster@ zimra. co. zw Call us ( Head Office) : 0242 – 758891/ 5; 790813; 790814; 781345; 751624; 752731, e-TIP http://ecustoms.zimra. co. zw/ etip/

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