The DGFT has operationalized the Certificate of Origin framework under the India-Oman CEPA, designating authorized agencies and updating procedures. This move is expected to streamline processes for exporters.
India-Oman CEPA: New Developments in Certificate of Origin Framework
The Directorate General of Foreign Trade (DGFT) has announced the operationalization of the Certificate of Origin framework as part of the India-Oman Comprehensive Economic Partnership Agreement (CEPA). This notification designates specific agencies authorized to issue certificates, thus facilitating smoother trade relations.
As part of this update, the Handbook of Procedures (HBP) has also been amended to reflect the new structure, which aims to bolster export activities between the two nations. By simplifying the certification process, traders are expected to benefit from enhanced clarity and efficiency.
Practitioners should take note of these developments as they may impact compliance processes for exporters looking to leverage the CEPA provisions. Understanding the new authorized agencies and requirements will be crucial for ensuring effective trade facilitation.
