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Ans 01GG

Certificate of Origin is a required document for import customs clearance in most countries. It certifies the original country where exported goods were produced and manufactured. Buyers often require certificates issued by local chambers of commerce, but some insist on GSP certificates issued by export councils. Exporters applying for regular certificates from the Indian Chamber of Commerce must submit an indemnity bond and company profile documents.

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36 views1 page

Ans 01GG

Certificate of Origin is a required document for import customs clearance in most countries. It certifies the original country where exported goods were produced and manufactured. Buyers often require certificates issued by local chambers of commerce, but some insist on GSP certificates issued by export councils. Exporters applying for regular certificates from the Indian Chamber of Commerce must submit an indemnity bond and company profile documents.

Uploaded by

Guman Singh
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ANS 01

Certificate of Origin is one of the required documents for import customs clearance in
most of the importing countries. Difference between exports and re-exports copy As per
the government policies of each country time to time, and the bilateral and unilateral
business agreement between countries, the import duty may be exempted under the
specified goods from particular countries. Or as per the availability and consumption
goods, certain commodities are imposed import duty to control the import of such goods.
Duties are also levied against the goods importing from certain countries because of
political policies also. So, the importance of certifying the origin of goods plays a vital
role in the international trade between countries.

Certificate of origin is the document, certifying the origin of country where in the export
goods are procured and manufactured originally. Most of the cases, the buyer needs only
the certificate issued by local Chamber of commerce. However in certain cases, the buyer
insist to get GSP (generalized system of preference) issued by export council agencies of
respective country. While issuing certificate of origin, a copy of commercial invoice is
also attested by the said authorities.

For obtaining Certificate of Origin from Indian Chamber of Commerce (ICC) on regular
basis, exporters are required to furnish ICC a permanent indemnity bond on a Non-
judicial stamp paper of Rs 10/- only, duly notarized (format for Indemnity Bond is
available with the Certificate of Origin Dept).

Stamp paper should be purchased in the name of the Company/Establishment.

The Bond shall only be signed by the Director/Partner/Proprietor of the Company. After
due process, it will be entered in the ICC records and the exporter shall be given a
registration number by the ICC.

Bond should be required to be submitted with the profile of the Company/Establishment,


PAN, I/EC Registration document, Signatures of those authorized to sign the Certificates;

After registration at ICC on every occasion of submission of application for Certificate of


Origin the Registration Number .

ANS 02

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