Businesses faces an increasing number of compliance requirements in the countries where they operate. There is also rigorous enforcement by the tax authorities. RSA offers efficient, cost-effective customs and global trade compliance services. We regularly advise clients from a wide range of sectors on compliance and relevant procedures. We help businesses manage compliance risk by providing timely and transparent report. This can help improve data integrity and accuracy. Compliance may include Registration, Refund/Rebate, Obtaining FMS, FPS Advance Authorization, EPCG licence, etc. & Redemption thereon.
Authorised Economic Operator
The AEO programme is a recognition system introduced by the government to identify genuine traders in the international supply chain. The main objective of the programme is to provide businesses with an internationally recognized quality mark that indicates their secure role in the supply chain and that their customs procedures are efficient and compliant. An entity with an AEO status is considered a “secure” trader and a reliable trading partner by the customs authorities.
There are three levels of AEO certification, i.e. AEO-T1, AEO-T2 and AEO-T3. The programme manager may issue the AEO certificates to eligible economic operators after reviewing their application and fulfilling the eligibility conditions and criteria laid down.
In order to obtain the AEO status, several documents are required, including a safety and security plan, process map, site plan, self-assessment form, legal compliance, management of appropriate commercial and transport record compliance, and financial solvency compliance, among others. Our role is to assist our clients in the entire AEO application process by guiding them through the documentation requirements and answering any queries raised by the customs authorities. We will also file the application, follow up with the department, and obtain the AEO certificate on behalf of our clients based on their eligibility.
There are several benefits of having an AEO certificate, including faster clearance of goods, savings in time and costs, concessions in furnishing bank guarantees, and direct port delivery/direct port entry for exports. Our recommendation is that businesses should consider obtaining the AEO certificate based on their eligibility, as it can be a very facilitative process.
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REX Audit – Registered Exporter System
The Registered Exporter system (REX) is a certification of origin system for goods exported to European Union countries. The exporter is required to declare the origin of goods through a Statement of Origin and must be registered with the competent authorities to become a “registered exporter.” The REX system is used for exports under some Free Trade Agreements, the EU’s Generalized System of Preferences, and the Overseas Association Decision.
REX compliance and audit is crucial for businesses to ensure their exports to Europe are in line with the REX system’s guidelines. This includes proper registration, modification of registration data, and revocation of non-compliant exporters.
It is important to understand the importance of REX compliance and audit. An expert can provide assistance in the REX registration process, including application filing and data verification. To that end the experts can conduct REX audits for clients to ensure proper procedures are being followed by employees. They can assist in modifications to registration data and resolving any non-compliance issues. In the event that any company receives a notice for a REX audit from the department, an expert can assist them in navigating the process and ensuring a successful outcome. Consult the expert to achieve REX compliance for seamless and compliant exports to Europe.
CTPAT Audit
The Customs-Trade Partnership Against Terrorism (C-TPAT) is a voluntary program led by U.S. Customs and Border Protection, aimed at strengthening international supply chains and improving U.S. border security. Its main objective is to ensure the safety and security of cargo exported to the United States by requiring exporters to comply with all US CBP security requirements and obtain C-TPAT Certification. The program is based on the Security and Accountability for Every Port Act of 2006 and is designed to mitigate the threat of terrorism by improving the security of supply chains.
Obtaining C-TPAT Certification comes with numerous benefits, including faster customs entry and reduced security checks. Compliance with the program’s security requirements not only improves the security standards of the supply chain but also helps US CBP to carry out cargo security measures effectively. However, obtaining C-TPAT Certification can be a complex and time-consuming process.
This is where an expert in C-TPAT compliance can help. An expert can conduct a comprehensive audit of your supply chain to identify areas that need improvement and ensure compliance with all US Customs and Border Protection security requirements. They can also help you navigate the CTPAT portal system and complete the supply chain security profile. Additionally, an expert can undertake risk assessment analysis with regard to the requirements of the concerned authorities to ensure compliance and provide objectivity. By working with an expert, you can streamline the process of obtaining C-TPAT Certification and ensure that your supply chain is secure and compliant.