A Certificate of Origin (CO) is a document which is used for certification that the products exported are wholly obtained, produced or manufactured in India. It is generally an integral part of export documents.
India is signatory to World Trade Organization because of which Indian exports are accorded preferential treatment available to all WTO members. Secondly, India has also entered into bilateral and multilateral trade pacts with its trade partners because of which Indian exports get into these countries at concessional import duty regime. In order to avail the preferential treatment, the Indian exporter are required to furnish the proof that the goods manufactured are, indeed, of Indian origin. Hence, the need for Certificate of Origin.
Yes. It is a document that helps improve the competitive edge of your exports. It enables your buyers to claim preferential tariff treatment when importing your products under many schemes of preferences such as available under WTO, Generalised System of Preferences (GSP), Commonwealth Preference (CP), Global System of Trade Preferences (GSTP), CO for MFA etc.
Generally, yes. Your importer will usually tell you the type of Certificate of Origin required by him. The Certificate of Origins could be broadly classified under two categories.
- Certificate Of Origin ( Preferential)
- Certificate Of Origin ( Non-Preferential)
Preferential Certificate of Origins as Certificate for Exports for Textile Quota (under MFA), GSP etc. are issued by designated Government Offices.
For most of other countries Non-Preferential Certificate of Origins are required and that are issued by Chamber of Commerce & Industries.
