Cochin Chamber launching Aadhaar-based e-certificate of origin
Posted on:30 Jul 2016 18:31:29
30 July 2016 Current Affairs GK: The Cochin Chamber of Commerce & Industry is launching an Aadhaar based e-Certificate of Origin service.
A certificate of origin, a critical document in the course of export, is issued to exporters by the Chamber of Commerce to avail duty benefits under Free Trade Agreements (FTAs) or prove from where the goods originated.
Chambers of Commerce in countries like Australia, Belgium, UK & U.S already provide online certificates of origin to speed up the application, issuance process and provide a more secure documentation environment. It also saves time, costs and increases transparency.
This user-friendly online solution enables the Cochin Chamber of Commerce& Industry to manage digital requests and digitally sign off electronic certificates of origin on behalf of exporters and freight forwarders.
The process reduces the overall time and cost of procuring and sending critical export documents. Importers can also be sure that these goods actually originated from the mentioned location, as the chances of manipulation of a digital document are virtually nil.
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