CERTIFICATE OF ORIGIN SERVICES

Certificate of Origin services provided at K M Gatecha & Co LLP:

• Ascertaining documents required,
• Collection of documents,
• Collection of required details,
• Filling and filing of CO form,
• Declaration drafting and submission,
• Submitting application,
• Issuance of Certificate of Origin.

Process of Certificate of Origin:

• DGFT portal registration,
• Apply for new Certificate,
• Filling mandatory details,
• Details of exporter and importer,
• Uploading documents,
• Declaration by exporter,
• Payment of fees,
• Submission of documents,
• Completing and submitting application.

Documents required for Certificate of Origin Services:

• Covering letter (on original letterhead of business) requesting issuance of Certificate of Origin, to be addressed and submitted to the Director General of Indian Chamber of Commerce.
• Copies of invoices or packing list,
• Attested copy of letter of authorization,
• Completed form of certificate of origin purchased from Indian Chamber of Commerce,
• Letter of credit, purchase or email order stamped and signed by the exporter,
• In case of goods which are first imported then exported to another country:
  • Clearance certificate from customs department showing that all taxes and duties have been cleared.
• Second set of documents for ICC

What is a Certificate of Origin (CO):

• Certificate of Origin is an important international trade document which certifies that the goods which are being exported are procured, manufactured/processed, produced, or made in a specific country which is also called the Country of Origin.
• The Certificate of Origin shows the product’s nationality and serves as a declaration of origin and authenticity of country by the exporter to meet the requirements of customs department and trade regulations.
• It is issued by the Indian Chamber of Commerce (ICC).

Different categories of Certificate of Origin:

• Non-preferential certificate:
  • It is a certificate of origin which indicate the origin country of the product but does not qualify or come under preferential or lower tariff definition,
  • During trade wars or sanctions, the non-preferential certificate of origin shows that the product is not originating from a sanctioned country,
  • It is used within the WTO framework for most favoured nation treatment specified under Article 1.2 of the Agreement on Rules of Origin.
• Preferential certificate:
  • Preferential certificate of origin certifies that the product is originating from the specified nation and complies with the definition of a specified bilateral or multilateral free trade agreement,
  • This certificate is required by importing countries to determine preferential treatment of imported products under the agreement,
  • This certificate is more useful and widely used.

Why is certificate of origin required?

There are many instances where CO is required, some of them are:

• For Customs:
  • Ensures traceability and security of goods entering the country,
  • Ascertains taxes and duties applicable,
• Exporters:
  • Customs clearance is simpler and faster,
  • Increases productivity for businesses.
• Importers:
  • Helps in knowledge about:
    • Clearances,
    • Taxes and duties,
    • Clearance process,
    • Prevents detaining of products,
    • Assists in getting preferential treatment for the imported goods.