What is GSP (Generalised system of preferences)?
Generalised System of Preference (GSP) was implemented to support developing countries by giving them preferences in trade tariffs from developed countries. It is also defined as the non-contractual instrument by which developed countries extend tariff concession to goods originating in developing countries and an example of a Unilateral Trade Agreement.
The objective of GSP
- To increase the export earnings of developing countries.
- In promoting their industrialization.
- Accelerating their rates of economic growth.
What is GSP Certificate of origin?
Certificate of Origin is the certificate that declares that goods in the export shipment are manufactured or produced in a particular country, basically, it tells about the nationality of the export goods. There are two types of Certificate of Origin - Preferential Certificate of Origin & Non-Preferential Certificate of Origin (NP CoO) issued in India.
Certificate of origin issued under GSP system comes under preferential type certificate of origin and known as GSP Certificate of Origin or Form a certificate of origin.
Exporters having a Certificate of origin under GSP can get the tariff concession on their export goods exported in developed countries.
The Government of India has nominated various agencies to issue the certificate of origin through a Common Digital platform CoO Portal launched by DGFT.
List of the GSP Countries
The following countries are there who are giving tariff preferences to exporters of the developing countries having the certificate of Origin under GSP trade agreement:-
Customs of the above countries require Form A certificate of origin by exporters of beneficiary countries and certified by the authorized agencies.
Who issues GSP Certificate of Origin in India?
The Government of India has launched various agencies to issue Certificate of Origin. To issue CoO under GSP following agencies have been nominated and available to accept the application online on the common portal to issue the Certificate.
- Export inspection council
- Textiles Committee
- Marine Products Export Development Authority
- Directorate General of Foreign Trade
- Tobacco Board
- Noida Special Economic Zone
- Kandla Special Economic Zone etc.
How to obtain the GSP Certificate of Origin online in India?
Certificate of origin obtained under GSP (Preferential type of CoO) can be shown at the customs to get tariff concession in developed countries. The online system has been launched to obtain a COO in India.
The Government has launched one Common platform to obtain Certificates of origin. The platform would provide an electronic, paperless, contactless platform to issue the certificate by saving time and cost for exporters.
The application has to be done to the nominated agencies by doing an online application on - https://coo.dgft.gov.in/.
The CoO portal was launched for issuance of the GSP Certificate of Origin in September 2019. Since then various agencies have been added to the list of nominated agencies to get the Certificate of Origin under GSP.
Obtaining the GSP certificate of Origin through the common portal is a two-step procedure –
Prior Registration on CoO portal
Prior registration using Class 2 or Class 3 Digital Signature is mandatory to get a Certificate of Origin.
- To register on the CoO portal Insert DSC enter IEC code, Email id, Mobile number as per updated IEC.
- Select “I Agree” and submit the registration request.
- On successful registration, the password would be received on Email id.
- After completing the process go to the log-in screen
Online Application on CoO portal
- Login on a Common platform with valid credentials, The application form to issue CoO will display,
- Select Preferential Certificate of Origin and from trade agreement select GSP from the drop-down list.
- Fill in all the required details.
- A digital signature certificate has to be attached for uploading the documents and submitting the application.
- Make the Payment and submit the application.
The certificate would be issued after verification and approval by one of the nominated agencies through the portal only.
How Afleo Consultants can help you to get GSP Certificate of Origin?
- We are leading CoO (Certificate of Origin) Consultants in India.
- Check the Eligibility to get the Certificate of origin online.
- Accordingly, prepare the application along with the documentation.
- Submit the application online & coordinate with nominated agencies till issuance of the Certificate of origin.
- Guiding Clients in taking advantage of the various privileges like tariff concession, reduced tariff.
FAQ's
GSP means Generalized System of Preference is a unilateral trade agreement.
Generalized System of Preference (GSP) was implemented to support developing countries by giving them preferences in trade tariffs from developed countries.
GSP Certificate of origin is issued to the exporters of developing countries to get the tariff preferences in developed countries.
Developing countries having Certificate of origin under GSP are qualified to avail the benefits of tariff concession.
GSP stands for Generalized System of Preference is the non-contractual arrangement under which developed countries provide tariff concession to the developing countries.
Yes, India is a developing nation and under GSP the exporters having the certificate of origin can avail the benefits of tariff concession.
The developing countries that signed unilateral bonds under GSP with developed countries are eligible to avail the benefits of tariff concession under GSP.
There are more than 30 developed countries are there under GSP who offers tariff concession to the developing countries.
Yes, the GSP certificate of origin can be obtained after the shipment of goods with necessary procedures and formalities insisted by the issuing authority.
Why Afleo Consultants?
- We are the team of highly qualified & experienced professionals having sufficient expertise over the years in the field of DGFT Consultancy Services.
- We only have the goal of providing very reliable services with the most competitive cost to the exporters under one roof.
- We keep updating our clients with regular policy amendments, all the upcoming rules, and regulations in foreign trade policy.
- We have a separate team for follow up with DGFT and have a great understanding of the working of DGFT office, which helps us in obtaining MEIS licenses without delay.
Recent Update
- 19th September 2019: Trade Notice No. 34/2015-2020 - Online filing and issuance of Preferential Certificate of origin through the common Digital Platform.
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