What is CO? Points to note when making CO

To be able to import and export goods, CO is one of the indispensable papers. So what is CO? What documents do documents need to apply for CO? Please refer to this article immediately to get answers to all these questions.

What is CO?

CO (certificate of origin) is a certificate of origin of goods issued by a country (exporting country) to certify that the item is manufactured and distributed by that country on the export market according to regulations. origin regulations. CO facilitates goods when imported into another country (importing country) in terms of tariffs.

CO là gì?

What is CO used for?

Preferential tariff: when determining the origin of goods, it will be possible to distinguish between preferential import goods for the application of preferential treatment under trade agreements signed between countries...
Applying anti-dumping duties and subsidies: in cases when one country's goods are dumped in another market. The determination of origin makes anti-dumping actions and the application of anti-subsidy duties feasible.

CO là gì?

Trade statistics and maintenance of quotas: traceability makes it easier to compile trade statistics for a country or a region. On that basis, the new commercial agencies can maintain a quota system - trade promotion.

Types of CO

Currently, there are the following types of CO:

CO form A: goods exported to countries for Vietnam enjoy GSP universal tariff preferences.

CO form D: exports to ASEAN countries eligible for preferential tariffs under CEPT agreements.
CO form E: goods exported to China or vice versa and ASEAN countries eligible for preferential tariff treatment under the ASEAN-China Agreement (ASEAN + 1).
CO form S: goods exported to Laos are eligible for preferential tariffs under the Vietnam - Laos agreement.
CO form AK: goods exported to Korea or vice versa and ASEAN countries eligible for preferential tariffs under the ASEAN-Korea Agreement (ASEAN + 2).
CO form AJ: goods exported to Japan or vice versa and ASEAN countries eligible for preferential tariffs under the ASEAN-Japan Agreement (ASEAN + 3).

CO là gì?

CO form GSTP: goods exported to countries participating in the system of global trade preferences (GSTP) for Vietnam to enjoy GSPT preferences.
CO form B: goods exported to all countries, issued according to non-preferential rules of origin.
CO form ICO: issued for products grown and harvested in Vietnam for export to all countries according to the provisions of the World Coffee Organization (ICO).
CO form Textile (hereinafter referred to as form T) is granted to textile products exported to the EU under Vietnam - EU textile and garment agreement.
Mexico form CO: granted to textiles, footwear exported to Mexico according to Mexican regulations.
Venezuela form CO: issued to exports to Venezuela according to Venezuelan regulations.
CO form Peru: issued to footwear exported to Peru according to Peru's regulations.
CO issued by someone?
In Vietnam, there are currently the following two competent authorities authorized to allocate CO:
Ministry of Industry and Trade, Export-Import Department: allocates CO forms A, D and any COs as agreed by governments.
Vietnam Chamber of Commerce and Industry - VCCI: Vietnam Chamber Of Commerce and Industry issues the remaining forms or is authorized by the Ministry of Industry and Trade to issue CO.

Points to note when making CO

1. Dossier of application for CO:

The application for CO issuance includes:

Application for issuance of CO (completed and valid).
Sample CO (include 1 original and 3 copies).
Export customs declaration has been cleared for customs procedures (copy with signature of authorized person + true copy).
Invoice.
Bill of lading.
Documents proving the origin of goods: sales documents; export and import consignment; customs norms (if any); manifest of used materials; vouchers for importing or purchasing raw materials; summary production process; verification paper.

CO là gì?

2. Procedures for issuing CO:

a. Step 1: register trader profile

In the case of the first application for CO, the applicant must submit the following documents:

Register the signature sample of the person authorized to sign the CO application and the seal of the trader.
Business license.
Tax code registration certificate (notarized copy).
List of production facilities.

b. Step 2: The officer receives and checks the file

After receiving and examining the records, the officer will send the notice in the following cases:

To be issued with CO and to clearly indicate the time of issue.
Submit additional documents.
Please double-check documents.
Refuse to issue CO in the cases prescribed by law.

c. Step 3: return the certificate of origin CO

Hopefully, with the above information, you have a better understanding of CO and CO procedures. LEC Group with a staff of many years of experience and infrastructure, modern equipment spread across the North - Central - South. Always ready to serve all requirements for the logistics services of customers. Please contact us today if you want to receive the best support!

LEC GROUP

Head Office: Road 4, Phu My 1 Industrial Zone, Phu My Ward, Phu My Town, Ba Ria - Vung Tau, Vietnam.

Add: No. 28 Thao Dien Street, Thao Dien ward, District 2, Ho Chi Minh City, Viet Nam.

Hotline: (+84) 909 800 136 & (+84) 901 388 136.

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