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*Zimbabwe Implements The Authorized Economic Operator (AEO) Programme - ZIMRA* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?su The Zimbabwe Revenue Authority (ZIMRA) has announced that Zimbabwe has implemented the Authorized Economic Operator (AEO) programme which is a partnership programme between the customs authority and the economic operators to facilitate the movement of goods across international borders. Reads an article compiled by ZIMRA for information purposes only: *Customs – Business Relationship* > In line with international best practices and the Customs and Excise Act [Chapter 23:02] section 216B, Zimbabwe has implemented the Authorized Economic Operator (AEO) programme. *1). Authorized Economic Operator (AEO)* > ♦ AEO is a programme under the World Customs Organization (WCO) SAFE Framework of Standards to secure and enhance international supply chain security and facilitate the movement of legitimate goods across international borders. > ♦ An AEO may be defined as a party involved in the international movement of goods in whatever function that has been approved by or on behalf of a national Customs Administration as complying with WCO or equivalent supply chain security standards. AEO include inter-alia manufacturers, importers, exporters, brokers, carriers, consolidators, intermediaries, ports, airports, terminal operators, integrated operators, warehouses, and distributors. The facility is open to all stakeholders in this supply chain. *1). ZIMRA AEO Programme* > ♦ Administered by Customs and Excise Division, the AEO Programme is a voluntary programme open to all business entities that participate in the global supply chain. > ♦ Business entities that meet pre-determined compliance standards are accredited as AEOs and as such enjoy appropriate facilitation on Customs clearance. *1). Benefits of AEO Programme* > ♦ Faster movement of cargo through the Border/Port of entry > ♦ Simplified Customs formalities > ♦ Fewer physical and document-based controls > ♦ Reduced demurrage and other related costs > ♦ Priority treatment in query resolution > ♦ Choice of the place for physical examination > ♦ Facilitation for movement of cargo during periods of trade disruptions > ♦ Improved relations with ZIMRA > ♦ Promotes an AEO accredited entity as a secure and reliable trade partner thereby improving business competitiveness. > ♦ Mutual recognition of AEO authorizations between Customs authorities as a long-term benefit. > ♦ Provides businesses with internationally recognized security standards. > ♦ The opportunity to self-assess allows the entity to have full insight into its operations and business practices, identify and strengthen any security or compliance-related weaknesses *1). Qualification Criteria* > Any entity interested in getting benefits of the AEO programme shall apply in writing to the Commissioner of Customs & Excise for accreditation. The entity must meet the following conditions: > ♦ Be established in Zimbabwe; > ♦ Have an appropriate record of compliance with Customs and other relevant laws; > ♦ Have a satisfactory system of managing commercial and, where appropriate, transport records; > ♦ Have proven financial solvency; and > ♦ Ensure that there is general maintenance of approved security and safety standards at both the entity`s place of operations as well as its business systems and procedures. *1). AEO Application Process* > ♦ Consultation with nearest ZIMRA office on AEO application procedure > ♦ Completion of and submission of a self-assessment questionnaire, application form and other relevant attachments required for the granting of AEO status > ♦ Examination of application by ZIMRA > ♦ Onsite inspection by ZIMRA > ♦ AEO authorization *1). Obligations of an AEO* *The AEO is required to;* > ♦ Keep proper records in terms of Section 223 of the Customs & Excise Act [Chapter 23:02]. > ♦ Maintain an accounting system which is in accordance with the Generally Accepted Accounting Practices (GAAP) and which facilitates audit-based customs control. > ♦ Ensure that its staff members conduct business in accordance with the procedures of the Customs & Excise Act and any other Act administered by ZIMRA or any instructions given by the Commissioner of Customs & Excise. > ♦ Ensure a relationship of good faith is maintained by its staff at all times in dealing with the ZIMRA. > ♦ Allow ZIMRA officers physical and electronic access to the information and documents as provided in terms of Section 223 of the Customs & Excise Act. > ♦ Use compatible E-Systems for Customs procedures and commit to regularly upgrading the systems. > ♦ Ensure that its premises are in conformity with the appropriate security and safety standards. *Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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