Business news from Ukraine

Business news from Ukraine

CUSTOMS HEAD: STATE CUSTOMS CONSIDERS IT NECESSARY TO REVISE 2 CRITERIA FOR OBTAINING AEO STATUS

11 October , 2021  

The State Customs Service considers it necessary to revise the coefficients according to two criteria for enterprises-candidates for obtaining the status of an Authorized Economic Operator (AEO), Head of the State Customs Service of Ukraine Pavlo Riabikin has said.
“Today, from our experience, we see that there is a need to revise the coefficients for candidate enterprises in two positions – liquidity and solvency. They can be revised by a government decision without touching the legislation,” he said in an exclusive interview with Interfax-Ukraine.
The head of the State Customs Service added that this issue does not lie in the political plane.
“This is an objective necessity dictated by our financial and economic realities,” Riabikin said.
The AEO status provides the company with significant advantages and simplifications in its work. In particular, the implementation of customs formalities as a matter of priority (for example, an extraordinary registration of customs declarations), a simplified declaration procedure by the customs authority, the use of a specially defined traffic lane at a checkpoint, etc.
“So far, the AEO authorization has been granted to one enterprise [JTI Ukraine]. In total, five applications have been submitted, two applications are at the stage of preliminary consideration, two enterprises have been denied the assessment,” Riabikin said.

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