What is the general certificate of origin co
Certificate of Origin co is also called the general certificate of origin, which is the certificate of origin. A sort of. When the CO certificate of origin is presented during import customs clearance, only under the premise that both countries have signed a contract to enjoy most-favored-nation treatment and the CO general certificate of origin is presented, the goods can be taxed at the most-favored-nation rate. Certificate of Origin CO, also known as General Certificate of Origin, is a type of Certificate of Origin. The scope of application of Certificate of Origin CO is: tariff collection, trade statistics, anti-dumping and countervailing, origin marking, government procurement, etc., and any country can do CO. Generally speaking, the CO certificate of origin is a certification document used to prove the export goods and manufacturing place. It is the "origin" certificate of the goods in international trade. Under certain circumstances, the importing country will grant different tariff treatments to imported goods accordingly. As long as the content of the CO certificate of origin can be confirmed, it can be processed within 7 days before and after delivery.
General certificate of origin co can be divided into two types : One is issued by the China Council for the Promotion of International Trade (CCPIT), and the other is issued by the China Import and Export Inspection and Quarantine Center (CIQ). Among them, CCPIT is an organization that can represent the China Chamber of International Commerce. Therefore, when foreign importers require the exporter to issue a CO issued by the China Chamber of Commerce, they can go to the Council for the Promotion of International Trade to stamp "CCPIT represents the China Chamber of Commerce".
The role of general certificate of origin co
In international trade, countries around the world generally implement import trade controls and implement differential tariffs on imported goods according to their respective foreign trade policies. and quantity restrictions, and statistics are implemented by the customs. It has become an international practice for the importing country to require the exporting country to issue a certificate of origin of the goods. Therefore, the general certificate of origin co is an important certification document for international trade. To sum up, it has the following Role in aspects:
1. CO’s preferential tax
The general certificate of origin is the customs certificate of each country. A valid certificate for the collection of tariffs and the implementation of differential treatment. For example, there is a tariff agreement between the governments of the importing country and the exporting country, and the agreement tax rate (AGREEDCUSTOMSRATE) is stipulated in the form of a treaty, or the most-favored-nation clause (MOSTFAVOREDNATIONCLAUSE) is stipulated in the treaty between the two countries. ), the buyer often requires the seller to provide a valid certificate of origin to prove that the origin of the imported goods is indeed the contracting country in order to obtain the corresponding tax rate treatment.
2. The role of improving product competitiveness
For example, in the international market, silk with a Chinese certificate of origin is more expensive than silk with a certificate of origin from other countries that do not produce silk. Silk can be sold at a better price. In addition, the certificate of origin is sometimes a necessary document for handover and settlement of foreign exchange between trading parties. For example, the buyer often requires a general certificate of origin when applying for a letter of credit (L/C) to ensure that itFor personal interests, banks often use the general certificate of origin co as an important document to determine whether the letter of credit (L/C) is paid.
3. Responsibility for import and export statistics
Certificate of Origin is a certificate issued by the customs for imported goods. important basis for statistics.
4. Tools for trade management
Countries around the world, in accordance with their trade policies, in order to protect their industrial production and International trade competition requires the implementation of restrictions on certain goods and the formulation of some quantity control measures for imported goods, such as import quotas, license systems, anti-dumping, and countervailing systems. In order to implement these control systems, it is first necessary to determine which country the imported goods come from, and then determine whether the goods are subject to import quantity restrictions, whether they need to hold an import license, whether they need to offset quotas and levy anti-dumping and countervailing duties... Place of origin Certification has become an important tool for implementing these systems.
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