Learning more about certificate of origin

Certificate of origin | Image Resource: ytimg.com

Wondering about the vital certificate of origin? This is a necessary document that is greatly required by importers and exporters alike. The All India Plastic Manufacturers Association (AIPM) has obtained authorization from the DGFT (Directorate General of Foreign Trade), Government of India, for issuing certificates of origin for all exporters. You can get in touch with AIPM for learning more about who provides a certificate of origin or download the form given by clicking the link on the official website. 

Thinking why this certificate is important and who provides certificate of origin? This is a certificate is used for the identification of country of manufacturing for any good or commodity. This origin certificate will carry several other information points including the nature of the product and what it actually is, the destination it is bound for and the countries for export. This is a vital instrument for cross-border trading and exports as agreed upon by national treaties and trade agreements alike. The certificate is used by the Trade Promotion Council of India and Indian Chamber of Commerce along with several other bodies authorized by the Government. The certificate is vital for any Indian exporter for proving that commodities that are being exported, have their origin in India itself. This also works as proof that the commodity that is exported is fully obtained, produced or manufactured in the country itself. 

Certificate of origin is issued in millions worldwide for enabling global trade and commerce to take place seamlessly. This certificate should be signed by the exporter in question along with a permanent indemnity bond which is affixed on a Rs. 10 non-judicial stamp paper with notarization (format can be accessed online). The certificate should have a sign and stamp from the authority or Chamber of Commerce as well. The main importance of this document is its role in clearing the customs authorities. In case the imported or exported commodities do not have this certificate, then the customs officer in charge of checking the same, will not be allowing these products to leave the customs warehouse. The certificate will help in determining payable duties and for checking whether imported goods are legal or illegal.