Stream Line Logistics Pvt. Ltd (SLPL), Custom Brokerage arm and a fully owned subsidiary of Rhenus Logistics India has been accredited the status of “Authorized Economic Operator (AEO)” by Central Board of Customs & Excise, Government of India.
AEO is an internationally recognized quality mark backed by World Customs Organization (WCO) and the status is accorded to importers, Exporters and Logistics service providers who meet the prescribed eligibility criteria which include legal compliance, accounting system consistent with GAAP/IFRS, Data security, record maintenance, accuracy of customs declarations, appropriate security measures to protect data, procedures, cargo , conveyances, premises, personal and business partners , financial solvency to name a few.
The accreditation provides tangible benefits in the form of faster customs clearance and simplified customs procedures apart from other, to those business entities who offer high degree of security in respect of their role in supply chain and whose customs procedures are efficient and compliant.
An entity with AEO status is considered as a secure and reliable trading partner.
Stream Line Logistics is among the first few Customs brokers out of over 3000 in India to be accorded the AEO status. This accreditation could and would open up new business opportunities for Stream Line and Rhenus India in providing custom clearance services to large reputed AEO certified Indian and Multinational Corporates engaged in import / export of goods who would prefer to partner with an AEO certified Custom Broker.
The AEO accreditation is valid for 5 years until 2023.
Other tangible benefits extended to AEO certified Custom broker are: