What is Preferential Certificate of Origin? Who is authorised to issue the Preferential CoO?
What is a Certificate of Origin?
A Certificate of Origin is an official document that certifies the country where the product or goods have been manufactured.
This certificate is used in many places:
- Tariff and Trade Agreements
- Customs Clearance
- Provide Consumer Information
What is a preferential Certificate of Origin?
A Preferential Certificate of Origin is given to goods subject to preferential tariff treatment in the Payment of duties.
- A reduction of the standard tariff
- A complete exemption from the taxes
These are examples of duties.
These kinds of situation arise when two or more countries come together for a trade agreement entailing such exemptions when the goods are exported or imported between the countries.
Here are the Agencies who are authorised to issue the Preferential Certificate of Origin.
Agencies Authorised to issue Preferential CoO
India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA)
Global System of Trade Preferences (GSTP)
India Sri Lanka Free Trade Agreement (ISLFTA)
ASEAN-India Free Trade Agreement (ASEAN-India FTA)
India-Korea Comprehensive Economic Partnership Agreement (IKCEPA)
India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA)
India-Japan Comprehensive Economic Partnership Agreement (IJCEPA)
India-Afghanistan Preferential Trading Agreement (India-Afghanistan PTA)
South Asia Free Trade Area (SAFTA)
India-Chile Preferential Trading Agreement (India-Chile PTA)
India-Mercosur Preferential Trading Agreement (India-Mercosur PTA)
Asia-Pacific Trade Agreement (APTA)
SAARC Preferential Trading Arrangement (SAPTA)
India-Thailand Early Harvest Scheme
India-Singapore Comprehensive Economic Cooperation Agreement (CECA)
Generalized System of Preference (GSP) Scheme
- DGFT extends the RoDTEP scheme for exports made from 1st October, 2023.
- DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation
- DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential)
- DGFT amends the Export Policy of Food Supplements containing Botanicals
- DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear
- DGFT permits export of Non-Basmati White Rice to Bhutan, Mauritius and Singapore through National Cooperative Exports Limited (NCEL)
- What is Preferential Certificate of Origin? Who is authorised to issue the Preferential CoO?
- Central Govt. changes the Registration Fees for SIMS to Rs.500/- flat