The Asia Pacific Trade Agreement (APTA) is a preferential trade agreement that was signed on 31 July 1975 in Bangkok, Thailand. APTA is an initiative under the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and is a framework for promoting trade and economic integration among developing countries in the Asia-Pacific region through the liberalization of trade in goods. In this article, we will focus on the APTA Certificate of Origin (COO) for India.
The APTA COO is a document used to certify that goods exported from India to APTA member countries are of Indian origin. This certification is required to claim preferential treatment under the APTA, where applicable. The APTA COO is issued by the authorized agencies of the Indian government, such as the Directorate General of Foreign Trade (DGFT).
To obtain an APTA COO, the exporter should provide the following information:
1. Document number and date of issuance
2. Name and address of the exporter
3. Name and address of the importer
4. Description of goods
5. Tariff classification of goods
6. Gross weight or other quantity as applicable
7. FOB (Free on Board) value of goods
8. Country of origin of goods
9. Preferential treatment claimed
10. Declaration by the exporter that the information provided is true and accurate
The APTA COO is valid for a period of six months from the date of issuance and can be used for multiple shipments of the same goods within that period. The exporter should retain a copy of the APTA COO for their records.
It is important to note that the APTA COO should be prepared and signed by authorized signatories only. Any incorrect or false information provided in the APTA COO can lead to penalties and loss of benefits under APTA.
In conclusion, the APTA COO is a crucial document for exporters from India to APTA member countries. The certificate certifies the origin of goods and allows exporters to claim preferential treatment under the APTA. To ensure smooth and hassle-free trade, it is vital to adhere to the guidelines provided for the issuance of APTA COO in India.