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Showing posts from October, 2022

[Certificate of Origin (CO) - Issuing Authority & Importance in Export process]

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A Certificate of Origin (CO) is a crucial international trade document that certifies that the goods in a specific export shipment were sourced, manufactured, manufactured or processed entirely in a specific country. It is one useful document in import-export trade. The Certificate of Origin is made by the Exporter under the rules and regulations of the specific country. This certificate indicates that the exported goods were manufactured in a specific country named therein. This certificate is sent from the exporter to the importer and is used to clear the goods at the customs authorities in the importing country.  The Certificate of Origin is one of the important Export Documents. The certificate is issued by the local Chamber of Commerce. However, in certain cases, the buyer insists on obtaining the GSP (General System of Preferences) issued by the Export Council agencies of each country. When the certificate of origin is issued, a copy of the commercial invoice is also certified by

Role of Custom Invoice in Export process

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Invoices play a crucial role in the export process. According to the government rule and regulations, the invoice/custom Invoice is the mandatory document required in the Export process. The invoice is the only export document that describes the entire export transaction from start to finish.  An invoice is a fundamental document of the utmost importance. The Invoice Contains the name of the exporter, importer, consignee, description of the goods, Number and type of packages, shipping mark, port of loading, port of discharge, and many other details of the transaction. An Export Custom Invoice is actually a Key document that assists in creating other important Documents such as commercial invoices, etc. Many governments use export invoices to calculate and assess duties and taxes. It is the exporter's invoice for the sale of goods. After creating an invoice correctly, It provides important information for the buyer, carrier, customs, bank, and other parties in the international tran