Enhanced Certificate of Origin (eCoO) 2.0 System
Summary
* Source: PIB* ** ****Context:** The Directorate General of Foreign Trade (DGFT) introduced the Enhanced Certificate of Origin (eCoO) 2.0 System, a digital platform aimed at simplifying export certificationCAROTAR-2020-rules/ and boosting trade efficiency. **About Enhanced eCoO 2.0 System:** • **What is eCoO 2.0?** The eCoO 2.0 system is an upgraded digital platform for issuing **Certificates of Origin (CoO)**, which authenticate the origin of exported goods. It facilitates exporters with sea
Exam Brief
GS-3DGFT launched the Enhanced Certificate of Origin (eCoO) 2.0 system. It aims to streamline export processes and enhance trade efficiency. Useful for understanding trade facilitation measures.
Key Facts
- eCoO 2.0 is administered by DGFT, Ministry of Commerce and Industry.
- It simplifies the CoO certification process for exporters.
- It enhances trade efficiency by reducing processing times.
- It supports global supply chains by providing transparency.
Prelims — What UPSC Might Ask
- Which ministry administers the Certificate of Origin?
This article hasn't been rewritten for exam prep yet. Showing original content.
Source Article Content
- Source: PIB*
** **Context: The Directorate General of Foreign Trade (DGFT) introduced the Enhanced Certificate of Origin (eCoO) 2.0 System, a digital platform aimed at simplifying export certificationCAROTAR-2020-rules/ and boosting trade efficiency.
About Enhanced eCoO 2.0 System:
• What is eCoO 2.0? The eCoO 2.0 system is an upgraded digital platform for issuing Certificates of Origin (CoO), which authenticate the origin of exported goods. It facilitates exporters with seamless access to both preferential and non-preferential CoOs, ensuring global trade compliance. • The eCoO 2.0 system is an upgraded digital platform for issuing Certificates of Origin (CoO), which authenticate the origin of exported goods. It facilitates exporters with seamless access to both preferential and non-preferential CoOs, ensuring global trade compliance. • Administering Ministry/Department: Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. • Aims of eCoO 2.0: • Streamlining Export Processes: Simplify the CoO certification process for exporters. Enhancing Trade Efficiency: Reduce processing times and improve trade documentation accuracy. Supporting Global Supply Chains: Provide transparency for intermediary and re-export trade. • Streamlining Export Processes: Simplify the CoO certification process for exporters. • Enhancing Trade Efficiency: Reduce processing times and improve trade documentation accuracy. • Supporting Global Supply Chains: Provide transparency for intermediary and re-export trade. • Key Features of eCoO 2.0: • Multi-User Access: Allows exporters to authorize multiple users under a single Importer Exporter Code (IEC). Aadhaar-Based e-Signing: Adds flexibility alongside digital signature tokens for document authentication. Back-to-Back Certificates of Origin: Enables re-export and transshipment certifications for non-Indian-origin goods based on verified documentation. Mandatory Electronic Filing: Non-preferential CoOs are now mandatorily processed online from 1st January 2025. In-Lieu Certificate of Origin: Provides correction options for previously issued CoOs via an easy online application. • Multi-User Access: Allows exporters to authorize multiple users under a single Importer Exporter Code (IEC). • Aadhaar-Based e-Signing: Adds flexibility alongside digital signature tokens for document authentication. • Back-to-Back Certificates of Origin: Enables re-export and transshipment certifications for non-Indian-origin goods based on verified documentation. • Mandatory Electronic Filing: Non-preferential CoOs are now mandatorily processed online from 1st January 2025. • In-Lieu Certificate of Origin: Provides correction options for previously issued CoOs via an easy online application. Insta links:
• Carotar-2020-rules