Certificate of origin
Certificate of Origin (abbreviated as C/O or CO) is a document used in trade between countries. Certificate of Origin gives information about the manufacturing country and required by the Customs department of the importing country to clear the items upon arrival. It is issued by the Chamber of Commerce of the exporting country.[1]
Uses
change- To claim benefits of Free Trade agreements[2]
- To clear items from Customs in the importing country[3]
- To verify the authenticity of importing items[4]
Types
changePreferential certificate of origin
changeUsed when trade take place according to free trade agreements between countries. This is required to get the benefits according to the free trade agreement. The certificate will include the country of origin and the name of trade agreement.[5]
Non-preferential certificate of origin
changeThis is required to get the items cleared from the customs by proving the items are not from a country that is banned from importing. The certificate will include the country of origin but bot the name of the trade agreement.[5]
References
change- ↑ Barone, Adam. "What Is a Certificate of Origin (CO)?". Investopedia. Retrieved 2020-10-11.
- ↑ Anonymous (2016-09-13). "Introduction". Taxation and Customs Union - European Commission. Retrieved 2020-10-11.
- ↑ Anonymous (2016-09-13). "Rules of Origin". Taxation and Customs Union - European Commission. Retrieved 2020-10-11.
- ↑ Zhang, Paul (2020-07-13). "Certificate of Origin China : A Special Paperwork For Import Customs and Tariff Treatment". FreightPaul. Retrieved 2020-10-11.
- ↑ 5.0 5.1 "Certificates of Origin". ICC - International Chamber of Commerce. Retrieved 2020-10-11.