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CERTIFICATE OF ORIGIN (COO)
What is a Certificate of Origin (CoO)?
Just like the name implies, it's a certificate that declares where the export shipment was manufactured.
Here's an example of a Certificate of Origin:
Why do you need a Certificate of Origin (CoO)?
To determine if the goods are legal to be imported, and to check for any taxes or duties that may be applicable.
When should you submit your Certificate of Origin (CoO)?
Some countries’ Customs require a CoO along with the packing list and commercial invoice for customs clearance.
Freight forwarders may also ask you to provide it along with the Letter of Credit (a
letter from a bank guaranteeing the payment of the goods on behalf of the shipper).
What are the benefits of having a Certificate of Origin (CoO)?
- Tax Deduction. It saves you money on duties in case there are any trade agreements between the importing and the exporting countries.
- It Provides Protection. CoO can act as a proof in case of any Customs audits.