Weekly news review:

⚡️ 25.09 19 border crossing points were withdrawn from the State Customs Service Source.

‍♀️ 26.09 The model for assessing the financial condition of enterprises will allow obtaining authorizations for general guarantees with a reduction in coverage to 50%, 30% and exemption from the guarantee. The introduced additional model provides for:

✅ analysis of the financial condition of applicants for authorizations based on the dynamics of an expanded range of indicators (without any regulatory values, as provided for in the basic model)

✅ introduction of a scoring scale for different types of general guarantee authorizations depending on the decrease in the level of coverage by a financial institution’s guarantee;

✅ for the period of application of the additional model for assessing financial condition indicators, quarterly (instead of annual) monitoring of this criterion will be carried out, which will require companies that wish to apply such a model to prepare and submit interim financial statements. Source.

‍29.09 How to apply NCTS? Answers from experts…

What benefits does the AEO authorization provide to the company?

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This publication has been prepared within the framework of the project Support to the Public Initiative “For Fair and Transparent Customs” with the assistance of the European Union), implemented by the Institute for Economic Research and Policy Consulting. The contents of this publication are the sole responsibility of the Ukrainian Association of Customs Brokers and can in no way be taken to reflect the views of the European Union.