At present, Foton Lovol has successfully gained the title of “AA Company” from the Customs. “AA Management Company” is with highest credit in the customs management, and the highest honor awarded by the Customs to import and export companies. From now on, Foton Lovol can enjoy a series of conveniences of customs clearance in China, including priority to handle customs procedures, guarantee for clearance, low inspection rate, assigned persons for coordinating difficult problems that companies are confronted when dealing with customs affairs, not apply standing book system of pledged deposits to companies engaged in processing and trade, etc.
Foton Lovol submitted application materials in 2013, successfully passed the inspection and verification of the Customs and the auditing firm, and reported the result to the General Administration of Customs in 2014. Then the Jinan Customs issued Decision on Adjustment in Customs Management Category of Jinan Customs of People’s Republic of China, and officially notified that Foton Lovol had become a Customs AA company. Such a title will definitely improve the efficiency of customs clearance and inspection of Foton Lovol, reduce the delivery time of products, and promote the development of overseas business.