The main purpose of the Certificate of Origin is to confirm the country of origin of goods, which affects the applicable tariffs, potential benefits, and compliance with international standards or agreements.
Necessity:This document is often required when exporting goods, especially if the product falls under special customs agreements or preferential tariffs, such as those in free trade areas.
- Types of Certificates:Preferential Certificate of Origin (for goods that fall under free trade agreements or preferential tariffs).
- Non-Preferential Certificate (for regular goods that do not fall under special agreements).
Issuing Authority:The Certificate of Origin is issued by trade chambers, customs authorities, or other authorized organizations in the exporting country.
Contents:The certificate contains information about the product (description, quantity, value), the country of origin, and may also indicate if the product was processed in another country.
Use:The Certificate of Origin is required for submission to customs authorities when crossing borders, for the calculation of duties and taxes, and to comply with the terms of trade agreements.
Importance for Importers:For the importer, this document may be necessary to confirm that the goods qualify for preferential tariffs or other benefits.
Without the Certificate of Origin, goods may be subject to standard tariffs, increasing the cost of imports.