Logistics & AEO September Quiz 2/2022

What is the full name of "AEO"?

(a)  

What is the AEO program about?

• A program under the World Customs Organization (WCO) SAFE Framework of Standard to secure and enhance international supply chain security and facilitate movement of legitimate goods across international borders.

• A program created by Royal Malaysia Customs Department.

• A Customs clearance division in TG.

• A system to do Customs Clearance.

What are the objectives of AEO program?

• To implement transparent global trade security standards.

• To enhance the level of compliance and awareness of respective supply chain.

• To align Malaysia’s Customs practice to international best practices based on the WCO.

• To position Malaysia as a secure trading nation in the global arena. 

• To enhance the competitiveness of Malaysian traders / operators internationally.

What are the criteria to be an AEO company?

• In operation for the past three years

• High level of compliance

• No tax arrears

• The company and directors are cleared for Police, Immigration, Companies Commission  security vetting

• Security features have been in place

What are the benefits of having AEO status?

• Automated and fast approval

• Fast clearance

• Mutual Recognition Arrangement

• Simplified drawback claims

• Reduced Cost & Time

How many questions are there in the AEO compliance checklist?

(a)  

How many AEO companies/entities are there in TG?

(a)  

Select correct AEO application process flow.

• 1. Applicant submit application form,

  Compliance Checklist & supporting documents to AEO Secretariat.

  2. AEO Secretariat conduct documentary audit

  3. AEO Secretariat &

  Account Manager do on-site validation audit

  4. AEO Secretariat &

  Account Manager do Documentation & final report

  5. Director General of Customs' approval or rejection

• 1. Applicant submit application form,

  Compliance Checklist & supporting documents to AEO Secretariat.

  2. AEO Secretariat conduct documentary audit and on-site validation audit

  3. AEO Secretariat &

  Account Manager do Documentation & final report

  4. AEO Panel meeting for approval or rejection

• 1. Applicant submit application form,

  Compliance Checklist & supporting documents to AEO Secretariat.

  2. AEO Secretariat conduct documentary audit

  3. AEO Secretariat &

  Account Manager do on-site validation audit

  4. AEO Secretariat &

  Account Manager do Documentation & final report

  5. AEO Secretariat (HQ) Meeting for approval or rejection

• 1. Applicant submit application form,

  Compliance Checklist & supporting documents to AEO Secretariat.

  2. AEO Secretariat conduct documentary audit

  3. AEO Secretariat &

  Account Manager do on-site validation audit

  4. AEO Secretariat &

  Account Manager do Documentation & final report

  5. AEO Panel meeting for approval or rejection

What are the 2 main documents required in the AEO declaration?

• Permission Request Slip (PRS) and Customs Form 1 / 2

• Customs Form 1 / 2 and Customs Chit

• Permission Request Slip (PRS) and Consolidated Statement (CS)

• Customs Form 1 / 2 and Consolidated Statement (CS)

What are the documents needed to do PRS and CS?

• Proforma Invoice and Packing List

• Dummy Invoice and Packing List

• Commercial Invoice and Repacking List

• Commercial Invoice and Packing List