When it comes to cross-border shipments, each document has a specific purpose. Here’s the difference between the certificate of origin and other essential documents:
- Commercial invoice: The commercial invoice is a detailed invoice provided to the buyer by the seller, indicating the type, quantity, and price of the products, as well as the total amount due. It specifies the value of the goods and the terms of sale, making it the most important document for customs clearance. Unlike the certificate of origin, which verifies the origin of the products, the commercial invoice focuses on the financial transaction and the product’s characteristics
Why is a certificate of origin necessary?
A certificate of origin is essential for accurate cleaned numbers list from frist database goods to be properly cleared through customs in the destination country. This document helps comply with certain legal requirements:
- Control of the movement of products: for total transparency regarding all goods entering or leaving the country.
- Prevention of dumping: Anti-dumping measures aim to ensure that goods sold abroad are not sold at prices lower than those charged on the domestic market, which could harm local industries.
- Import restrictions or quotas: These regulations aim to protect domestic markets or improve the country’s trade balance.
A CO may also be required for:
- Claim tariff reductions: Some do we find the aromas of maceration? countries offer tariff suspensions or quotas for a specific quantity of imported goods.
- Prove the origin of products for export credit insurance: for example, certain guarantees protect exports to high-risk countries.
- Check the price and quality of products during customs clearance.
Responding to customer demand for proof of origin for their own compliance.
- What is a certificate of origin?
- Why is a certificate of origin necessary?
- How and where can I request a certificate of origin?
- Costs and fees associated with obtaining the certificate of origin
- Certificate of origin: conclusion
Important note:
- Please check with your trading partner south africa numbers that you are both referring to the same type of certificate of origin, as there is a difference between a preferential certificate of origin (which confers benefits under certain trade agreements) and a non-preferential certificate of origin.