CBIC clarifies ECO issued by Korean Authority Now Accepted for Preferential Benefits after India-Korea EODES Implementation [Read Order]

The Central Board of Indirect Taxes and Customs ( CBIC ), vide instruction no. 10/2024 dated 1st May 2024  has issued instructions clarifying the Electronic Certificate of Origin (e-CoO) issued by authority of Korea now accepted for the preferential benefits after India-Korea Electronic Origin Data Exchange System ( EODES ) Implementation.

The CBIC received representations regarding the India-Korea Comprehensive Economic Partnership Agreement (CEPA), seeking clarification on whether Electronic Certificates of Origin (e-COOs) issued by the Issuing Authority of the Republic of Korea are acceptable under India-Korea CEPA following the implementation of the India-Korea EODES.

In response, the board clarified that with the implementation of India-Korea EODES, electronic certificates of origin will be considered acceptable for claiming preferential benefits under India-Korea CEPA.

However, certain conditions must be met. The e-CoO must be issued in the prescribed format, contain all required particulars including a QR code, and fulfil all other requirements outlined in notification No. 187/2009-Customs (N. T.) dated 31.12.2009 and subsequent amendments. Importantly, the e-CoO will carry the same validity and legitimacy as the manually issued original.

Additionally, it is mandatory for the importer/Customs Broker to upload the e-CoO on e-Sanchit for availing preferential benefits. When filing the bill of entry, the particulars of the e-CoO such as reference number, date, originating criteria, etc., should be accurately entered.

To Read the full text of the Order CLICK HERE

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