Enhanced Certificate of Origin (eCoO) 2.0 System Launched
The Directorate General of Foreign Trade (DGFT) has launched the enhanced Certificate of Origin (eCoO) 2.0 system. This upgrade aims to simplify the certification process for exporters and improve trade efficiency. The new platform incorporates user-friendly features and mandatory electronic filing, marking advancement in India’s trade facilitation efforts.
Key Features of eCoO 2.0
- The eCoO 2.0 system’s multi-user access allows exporters to authorise multiple users under one Importer Exporter Code (IEC). This flexibility enhances collaboration among team members.
- Aadhaar-based e-signing is now supported, providing an additional method for verifying identities alongside digital signature tokens.
Integrated Dashboard
The system includes an integrated dashboard that offers seamless access to various eCoO services. Exporters can easily find information on Free Trade Agreements (FTAs), upcoming trade events, and other essential resources. This centralised access streamlines the overall experience for users.
In-Lieu Certificate of Origin
A notable addition is the in-lieu Certificate of Origin feature. This allows exporters to request corrections to previously issued certificates through an online application process. This enhancement ensures that exporters can maintain accurate documentation efficiently.
Mandatory Electronic Filing
As of 1st January 2025, electronic filing of Non-Preferential Certificates of Origin is mandatory on the eCoO 2.0 platform. Exporters can access the system via the official DGFT website. This requirement aims to standardise the certification process and reduce paperwork.
Daily Processing Capacity
The eCoO 2.0 platform is designed to handle a high volume of transactions. It processes over 7,000 Certificates of Origin daily. This includes both preferential and non-preferential certificates. The system connects 125 issuing agencies, including 110 national and regional chambers of commerce and industry.
Back-to-Back Certificates of Origin
DGFT has also introduced procedures for obtaining online Back-to-Back Certificates of Origin. These certificates apply to goods not of Indian origin, intended for re-export or trans-shipment. They are issued based on documentary evidence from the foreign country of origin, ensuring transparency and accuracy.
Impact on Global Supply Chains
The enhancements made to the eCoO system benefit global supply chains. The quicker processing times and simplified certification procedures facilitate intermediary trade through India. This initiative aligns with DGFT’s commitment to improving the Ease of Doing Business for Indian exporters.
Month: Current Affairs - January, 2025
Category: Government Schemes Current Affairs