Latest news with #AEO-certified
Hans India
09-05-2025
- Business
- Hans India
Rise in Vizag AEO-certified entities
Visakhapatnam: With rising Authorised Economic Operator (AEO) adoption, India is steadily positioning itself as a trusted player in global trade, observed Chief Commissioner of Customs and Central Tax, Visakhapatnam Zone Sanjay a seminar on authorised economic operators held in Visakhapatnam on Thursday, he highlighted the growing importance of the AEO in strengthening India's trade ecosystem. Organised by the Confederation of Indian Industry (CII) in collaboration with the Central Board of Indirect Taxes and Customs (CBIC), the seminar witnessed participation of over 100 stakeholders from the import-export and logistics industry. 'The number of AEO-certified entities in Visakhapatnam zone has increased to 118, up from 46 earlier, reflecting growing industry awareness and trust in the scheme,' Sanjay Rathi stressed. Underscoring India's broader logistics progress, he pointed out that India has climbed to 38th position in the World Bank's Logistics Performance Index (LPI) 2023, a significant jump from the 54th rank in 2014. Principal Commissioner, Directorate of International Customs, Delhi, Akil Kumar Khatri highlighted that the AEO programme, launched 14 years ago, is a voluntary initiative by customs to identify and support trusted businesses involved in international trade. It helps reduce delays, speeds up clearances, and offers global recognition through mutual agreements with other countries, making trade safer, faster, and more efficient for compliant importers, exporters, and logistics providers. Immediate past chairman, CII Rajesh Grandhi underlined the need for continuous policy improvement and shared key industry suggestions, including extending the deferred duty payment window to 30 days. Past chairman of CII G Sambasiva Rao highlighted the growing role of Andhra Pradesh in global trade. He noted that the state has contributed nearly USD 20 billion in merchandise exports in FY 2024–25, led by key sectors such as marine products, pharmaceuticals, agriculture, engineering goods, and minerals. N Sridhar, Principal Commissioner, Custom House, Visakhapatnam, Pradeep Kumar, Joint Commissioner, Directorate of International Customs, Delhi, G Krishna Mohan, vice chairman, CII and other senior customs officials spoke.
Mid East Info
04-03-2025
- Automotive
- Mid East Info
In Partnership with Abu Dhabi Customs: Al Masaood Sets Best Practice Example in Supply Chain & Logistics Operations to visiting High Profile Hong Kong Delegation
For the third consecutive year, Al Masaood Group, prominent Abu Dhabi conglomerate, hosted a high-profile delegation from Hong Kong in partnership with UAE Customs, Abu Dhabi Customs and Federal Tax Authority. The visit highlighted Al Masaood Group's model of excellence in implementing management and logistics systems within the AEO framework. The delegation's visit provided an in-depth exploration of the Group's operations, offering them a clear view of the company's streamlined supply chain and rigorous logistics and safety protocols. It included a guided tour of Al Masaood Automobiles' recently revamped facility and warehouse, providing first-hand insights into the Group's storage methods and shipment handling procedures, as well as the company's strategic contributions to Abu Dhabi's economy. Al Masaood obtained AEO certification in 2021 – a significant milestone for the Group, achieved through meticulous efforts and commitment to excellence. The process involved meeting rigorous security and compliance requirements, intensive evaluations, and close interactions with Abu Dhabi Customs to ensure adherence with international standards. Commenting on this, Ahmed Salmeen, Chief Executive Government Affairs, Al Masaood Group, said: 'Achieving the AEO certification has been transformative for Al Masaood. As a strategic player in the international trade ecosystem, being AEO-certified optimises our operational efficiency, thus strengthening our supply chain security and solidifying our international partnerships.' Today, Al Masaood stands as a global trade player with leading international brands. Being a certified AEO operator allows the Group to enhance operational efficiencies, strengthen supply chain security, and solidify global trade partnerships. It also enables the company to foster a culture of trust, reliability, and security with its trade partners. These all align with Al Masaood's efforts to support the UAE's economic landscape while unlocking new opportunities and collaborations. About Al Masaood: Established in 1970, Al Masaood Group was the first company to be registered in the Abu Dhabi Chamber of Commerce and holds trade registration No. 1. The company is the authorised dealer of global brands such as Nissan, INFINITI, Renault, Bridgestone, mtu – a Rolls Royce Solution, Volvo Penta, Nidec Leroy Somer, Renault Trucks and UD Trucks. The Group also has its own suite of homegrown businesses and brands. Supporting the UAE's strategy for sustainable growth and economic diversity, Al Masaood provides a wide range of industrial solutions for the strategic sectors – oil & gas, utilities, marine, heavy equipment & machinery, logistics, and modular construction. It caters to various retail sectors, including automotive and accessories. Recently, Al Masaood has launched the UAE's first local manufactured off-grid solar charging solution for electric vehicles and hybrid marine vessels. Al Masaood manages First Stop and Autoserv retail outlets within ADNOC stations across Abu Dhabi, Al Ain, and the Western Region, offering a wide range of car pitstop services. It also owns and manages almost 40 prominent properties around the capital ranging from showrooms to offices, as well as a network of aftersales and certified pre-owned vehicles centres across the UAE. Selected as one of Forbes' Top 100 Arab Family Businesses for four years in a row, the Group employs over 3,000 employees from 54 nations. It also holds an active Emiratisation agenda and training programmes for both vocational and on-the-job skill advancement for Emiratis. The Group has an extensive CSR agenda in Abu Dhabi and supports the capital's sporting initiatives run by Abu Dhabi Sports Council.
Zawya
04-03-2025
- Automotive
- Zawya
Al Masaood sets best practice example in supply chain & logistics operations to visiting high profile Hong Kong delegation
The Group showcased operational excellence through strategic AEO certification in elevating global trade partnerships Abu Dhabi: For the third consecutive year, Al Masaood Group, prominent Abu Dhabi conglomerate, hosted a high-profile delegation from Hong Kong in partnership with UAE Customs, Abu Dhabi Customs and Federal Tax Authority. The visit highlighted Al Masaood Group's model of excellence in implementing management and logistics systems within the AEO framework. The delegation's visit provided an in-depth exploration of the Group's operations, offering them a clear view of the company's streamlined supply chain and rigorous logistics and safety protocols. It included a guided tour of Al Masaood Automobiles' recently revamped facility and warehouse, providing first-hand insights into the Group's storage methods and shipment handling procedures, as well as the company's strategic contributions to Abu Dhabi's economy. Al Masaood obtained AEO certification in 2021 – a significant milestone for the Group, achieved through meticulous efforts and commitment to excellence. The process involved meeting rigorous security and compliance requirements, intensive evaluations, and close interactions with Abu Dhabi Customs to ensure adherence with international standards. Commenting on this, Ahmed Salmeen, Chief Executive Government Affairs, Al Masaood Group, said: 'Achieving the AEO certification has been transformative for Al Masaood. As a strategic player in the international trade ecosystem, being AEO-certified optimises our operational efficiency, thus strengthening our supply chain security and solidifying our international partnerships.' Today, Al Masaood stands as a global trade player with leading international brands. Being a certified AEO operator allows the Group to enhance operational efficiencies, strengthen supply chain security, and solidify global trade partnerships. It also enables the company to foster a culture of trust, reliability, and security with its trade partners. These all align with Al Masaood's efforts to support the UAE's economic landscape while unlocking new opportunities and collaborations. About Al Masaood Established in 1970, Al Masaood Group was the first company to be registered in the Abu Dhabi Chamber of Commerce and holds trade registration No. 1. The company is the authorised dealer of global brands such as Nissan, INFINITI, Renault, Bridgestone, mtu – a Rolls Royce Solution, Volvo Penta, Nidec Leroy Somer, Renault Trucks and UD Trucks. The Group also has its own suite of homegrown businesses and brands. Supporting the UAE's strategy for sustainable growth and economic diversity, Al Masaood provides a wide range of industrial solutions for the strategic sectors – oil & gas, utilities, marine, heavy equipment & machinery, logistics, and modular construction. It caters to various retail sectors, including automotive and accessories. Recently, Al Masaood has launched the UAE's first local manufactured off-grid solar charging solution for electric vehicles and hybrid marine vessels. Al Masaood manages First Stop and Autoserv retail outlets within ADNOC stations across Abu Dhabi, Al Ain, and the Western Region, offering a wide range of car pitstop services. It also owns and manages almost 40 prominent properties around the capital ranging from showrooms to offices, as well as a network of aftersales and certified pre-owned vehicles centres across the UAE. Selected as one of Forbes' Top 100 Arab Family Businesses for four years in a row, the Group employs over 3,000 employees from 54 nations. It also holds an active Emiratisation agenda and training programmes for both vocational and on-the-job skill advancement for Emiratis. The Group has an extensive CSR agenda in Abu Dhabi and supports the capital's sporting initiatives run by Abu Dhabi Sports Council.
