DP World gets AEO-LO accreditation from CBIC

 DP World, a leading provider of end-to-end supply chain solutions globally, has received the Authorised Economic Operator for Logistic & Terminal Operators (AEO-LO) certification from the Central Board of Indirect Taxes and Customs (CBIC).

The certification, under the aegis of the World Customs Organisation (WCO) SAFE Framework of Standards, is awarded to companies whose operations strengthen global supply chain security and facilitate movement of legitimate goods, says an official release.

The AEO-LO certification will streamline clearance procedures for DP World at all customs stations across India for a period of five years, the release added.

Rajesh Pandey, Chief Commissioner of Customs, Mumbai Zone-II, Jawaharlal Nehru Custom House handed over the certification to Akash Agrawal, Vice President, Freight Forwarding, India subcontinent, DP World.

"By adhering to AEO-LO’s stringent standards, DP World ensures secure multi-channel and multi-region movement of cargo for its customers and benefit from the ease of facilitation which is available in countries with whom India has signed the Mutual Recognition Agreement (MRA) like South Korea, Taiwan and Hong Kong Customs."

The certification also provides DP World with access to Direct Port Delivery (DPD) for import containers and Direct Port Entry (DPE) for export containers, thus reducing turnaround time and enabling faster movement of goods through customs stations in the country, the release added.

"The AEO-LO certification is particularly beneficial for businesses involved in export-import activities, including freight forwarding and operations in Free Trade Warehousing Zones. The benefits of AEO certification include faster processing and clearance of cargo, deferred payment of duty, direct port delivery/entry, and benefits under MRAs."

(Video  Credit: CBIC)