ENA Sectors 2025-04-22 14:51:56 <p><span style="font-size:14px"><strong>New Delhi, Apr 22 (KNN) </strong>The government issued a formal definition for 'proof of origin' on Monday, aiming to enhance ease of doing business and prevent potential misuse of trade agreements.</span></p> <p><span style="font-size:14px">According to a circular from the Department of Revenue, proof of origin refers to a certificate or declaration issued under a trade agreement that certifies goods meet specific country of origin criteria.</span></p> <p><span style="font-size:14px">This documentation is necessary for importers seeking duty concessions under Free Trade Agreements (FTAs).</span></p> <p><span style="font-size:14px">The certificate of origin serves as a crucial document for exports to countries with which India has established trade agreements. Exporters must submit this certificate at the importing country's landing port to claim duty concessions under FTAs, proving the goods' origin.</span></p> <p><span style="font-size:14px">Mithileshwar Thakur, Secretary General, Apparel Export Promotion Council (AEPC), welcomed the development, noting that the customs circular establishes a well-defined mechanism and Standard Operating Procedure for verifying certificate authenticity.</span></p> <p><span style="font-size:14px"> This will lead to removal of the element of uncertainty and bring in simplification and transparency while simultaneously putting a robust mechanism in place to prevent the possibility of misuse of origin criterion, Thakur stated.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau) </span></strong></em></p> 41820 https://knnindia.co.in/news/newsdetails/sectors/govt-defines-proof-of-origin-to-streamline-trade-prevent-fta-misuse 2025-04-22 14:51:56 knnindia.co.in