Authorised economic operator: recent changes
Recent amendments to the Federal Law on Customs Regulation in the Russian Federation (RF) (as amended by Federal Law No. 115-FZ on Amendments to the Federal Law on Customs Regulation in the RF of 5 May 2014 with respect to the institution of authorised economic operator) have made the status of authorised economic operator (AEO) even more attractive for businesses.
The amendments affect both the conceptual framework and the practical aspects of the law. The amendments can be regarded as largely positive.
An AEO is a legal entity incorporated under the law of a member state of the Customs Union that meets certain requirements and has been entered in a special register. Under the current legislation, a wide range of entities — from manufacturers, importers, exporters, customs brokers, customs carriers, intermediaries and distributors to other persons involved in one way or another with foreign economic activities — are eligible for this favourable status. The amendments made to the law with respect to the concept of AEO unify the advantages that AEO status gives to manufacturers and other kinds of entity (retailers, service providers)…
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