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Self-certification for exports to EU will save time and money: MSME exporters

Updated: Jan 02, 2017 11:53:25am
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Self-certification for exports to EU will save time and money: MSME exporters

New Delhi, Jan 2 (KNN) Making an amendment in Generalized System of Preferences (GSP), the Ministry of Commerce has allowed ‘self-certification’ for Certification of Origin for exports to European Union from India.

The new rule is applicable from January 1, 2017.

“Registered Exporters System (REX) as of 1 January 2017 for the

EU Generalised System of Preferences (GSP) is notified,” Directorate General of Foreign Trade (DGFT) said in a notification.

The European Union (EU) has introduced a self-certification scheme for certifying the rules of origin under GSP from 1.1.2017 onwards.

Under this scheme called as REX, exporters with a REX number will be able to self-certify the Statement on Origin of their goods being exported to EU under the GSP Scheme.

Talking to KNN, garment exporter Animesh Saxena, Managing Director, Nitee Clothing, said  the scheme will reduce the workload and save time and cost for MSME exporters.

“This is a very welcome step as it will reduce the workload and cost which further results in saving time and reduce hassle,” said Saxena.

He also said that the scheme will eventually be beneficial for export sector and business activity will be easier.

“It will be beneficial for the exporter community. It is a step forward towards ease of doing business,” added Saxena.

The DGFT notification added that the registration on REX is without any fee or charges and this system would eventually phase out the current system of issuance of Certificates of Origin (Form-A) by the Competent Authorities listed in Appendix-2C of FTP (2015-20) by 1.1.2018 (one year transition period). (KNN/RAS)

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