Khimji Ramdas Shipping achieves recognition for being the First AUTHORIZED ECONOMIC OPERATOR for TRANSPORT.

Khimji Ramdas Shipping were awarded AEO after a lengthy period of evaluations by the Customs Authorities earlier in November. The ceremony held under the auspices of Directorate General of Customs, was presided by the Director General of Customs – Colonel Khalifa and other dignitaries of the Royal Omani Police. Ms Malvika Pankaj Khimji and Mr Jose accepted the certificate on behalf of KR Shipping. The AEO concept is based on the Customs-to-Business partnership introduced by the World Customs Organisation (WCO). Traders who voluntarily meet a wide range of criteria work in close cooperation with customs authorities to assure the common objective of supply chain security and are entitled to enjoy benefits throughout the EU. The EU established its AEO concept based on the internationally recognised standards, creating a legal basis for it in 2008 through the ‘security amendments’ to the “Community Customs Code” (CCC) (Regulation (EC) 648/2005) and its implementing provisions. The programme, which aims to enhance international supply chain security and to facilitate legitimate trade, is open to all supply chain actors. It covers economic operators authorised for customs simplification (AEOC), security and safety (AEOS) or a combination of the two. On the basis of Article 39 of the Union Customs Code (UCC), the AEO status can be granted to any economic operator meeting the following common criteria: Conditions and criteria AEOC AEOS Compliance with customs legislation and taxation rules and absence of criminal offences related to the economic activity. X X Appropriate record keeping. X X Financial solvency. X X Proven practical standards of competence or professional qualifications. X Appropriate security and safety measures. X The AEO status granted by one Member State is recognised by the customs authorities in all Member States (Article 38 (4) UCC).

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