Certificate of Origin Application
Declarators offer the lowest cost for complicated COO applications. Why go through unnecessary hassles when you can expect to save time and money by engaging Declarators as your broker? We are one of the few specialist in Singapore for COO applications. Call us now or email us at group@declarators.com.sg for any enquiries.
What is Certificate of Origin?
A Certificate of Origin (CO) is an important international trade document confirming that the goods in a particular shipment have been wholly obtained, produced, manufactured or processed in a particular country.
For more information on CO, please visit Certificates of Origin.
Types of Certificate of Origin (CO)
Preferential Certificate of Origin
- Issued to cover eligible exports for preferential tariff exemption or reduction under free trade agreements (FTA).
- Can be applied through Tradenet Frontend platforms.
Non-Preferential Certificate of Origin
- Issued to cover eligible exports for preferential tariff exemption or reduction under free trade agreements (FTA).
- Can be applied through Tradenet Frontend platforms.
Why Certificates of Origin are Necessary for Trade in Singapore?
Certificates of Origin (COs) are crucial for international trade, serving as a declaration by the exporter that goods in a particular export shipment are wholly obtained, produced, manufactured, or processed in a specific country. Singapore, being a global hub for trade, requires COs for various reasons:
Customs Clearance
COs are often required by the importing country’s customs authority to determine whether the goods can be legally imported and if they are subject to duties.
Preferential Treatment
Preferential COs allow exporters to benefit from reduced tariffs under FTAs, making their products more competitive in foreign markets.
Trade Compliance
They ensure compliance with trade agreements and international regulations, preventing illegal transhipment and fraud.
Best Practices for Certificate of Origin Application
When applying for a Certificate of Origin (CO) or a Preferential CO in Singapore, following best practices is essential for a smooth and successful process:
Accurate Information
Ensure that all information provided on the CO application is accurate and truthful. This includes the producer’s details, quantity of goods, and the HS code.
Timely Application
Submit the CO application well in advance to avoid any shipment delays. Most COs can be applied for electronically via Singapore’s TradeNet system.
Understanding FTAs
For Preferential COs, thoroughly understand the rules of origin criteria under the relevant FTA to ensure that your goods qualify for the benefits.
Regular Updates
Stay updated with any changes in the trade agreements or regulations by regularly checking with Singapore Customs or the respective FTA authorities.
Documentation
Keep all supporting documents readily available, such as the bill of lading, invoice, and production records, to prove the origin of goods if required.
