DGFT notifies self-declaration of CoO under India-EFTA trade pact

The Directorate General of Foreign Trade (DGFT) has notified the amendment of a provision to facilitate domestic exporters to obtain Certificate of Origin (CoO) under the India-EFTA free trade agreement, through self-declaration. A paragraph of the Handbook of Procedures 2023 has been amended to facilitate exporters to obtain the CoO under the India-EFTA Trade and Economic Partnership Agreement (TEPA) through self-declaration, in addition to the existing system of issuance of CoO by the authorised agencies. Certificate of Origin is a key document required for exports to those countries with which India has trade agreements. An exporter has to submit the certificate at the landing port of the importing country. The document is important to claim duty concessions under free trade agreements, as it is essential to prove where the goods come from. The pact was implemented on October 1, said a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!