Certificates of Origin 2.0 System
28-01-2025
10:30 AM
1 min read
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Certificates of Origin 2.0 System Latest News
Recently, the Directorate General of Foreign Trade (DGFT) has launched the enhanced Certificate of Origin (eCoO) 2.0 System.
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About Certificates of Origin 2.0 Systems:
- It is an upgrade designed to simplify the certification process for exporters and enhance trade efficiency.
- Features of Certificates of Origin 2.0 Systems: Multi-user access, which enables exporters to authorize multiple users under a single Importer Exporter Code (IEC). Additionally, the system now supports Aadhaar-based e-signing alongside digital signature tokens, providing greater flexibility.
- An integrated dashboard offers exporters seamless access to eCoO services, Free Trade Agreement (FTA) information, trade events, and other resources.
- The platform also introduces an in-lieu Certificate of Origin feature, allowing exporters to request corrections to previously issued certificates through an easy online application process.
- The Certificates of Origin platform processes over 7,000 eCoOs daily, including both preferential and non-preferential certificates, connecting 125 issuing agencies which includes 110 national and regional chambers of commerce & industry
- Certificates of Origin is a single access point for all exporters, for all FTAs/PTAs and for all agencies concerned.
- The platform has been designed and developed by DGFT and Regional & Multilateral Trade Relations (RMTR) Division, Department of Commerce, Ministry of Commerce and Industry.
Certificates of Origin 2.0 Systems FAQs
Q1: Who provides a Certificate of Origin?
Ans: The certificate of origin shall be issued by the Government authorities designated by the Government of the exporting Beneficiary country.
Q2: Who has developed the Certificate of Origin (eCoO) 2.0 System?
Ans: Directorate General of Foreign Trade (DGFT)
Q3: What are Free Trade Agreements?
Ans: These are comprehensive trade deals between two or more countries, aimed at reducing or eliminating trade barriers such as tariffs and import/export restrictions
Source: PIB