Common Digital Platform for Issuance of Electronic Certificates of Origin 29/09/2019 – Posted in: Press Information Bureau
Common Digital Platform for Issuance of Electronic Certificates of Origin
(Ministry of Commerce and Industry)
WHAT
The government recently launched a Common Digital Platform for Issuance of electronic Certificates of Origin (CoO).
- This platform will be a single access point for all exporters, for all Free Trade Agreements/Preferential Trade Agreements and for all agencies concerned.
- Certificate of Origin will be issued electronically which can be in paperless format if agreed to by the partner countries.
- Some designated agencies for CoO issuance are EIC, Directorate General of Foreign Trade (DGFT), Marine Products Export Development Authority (MPEDA), Textile Committee and Tobacco Board.
BENEFITS
BACKGROUND
- India has 15 FTAs/PTAs with various partner countries under which Indian exporters avail reduced import tariffs in the destination country.
- In order to avail this benefit, the exporters must provide a preferential CoO. About 7 lakh certificates are issued annually by designated agencies. These verticals certify that exported goods are made in India.
- These certificates are issued by designated agencies in India after vetting of the rules of origin criteria as per the respective FTA/PTA.
IMPORTANT INFORMATION
The platform has been designed and developed by DGFT and Regional & Multilateral Trade Relations (RMTR) Division, Department of Commerce, Ministry of Commerce and Industry, Government of India.
Source: PIB
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