Question

To avail the concessions of tariffs for goods coining from a particular country, Certificate of Origin is not required. (State with reason whether the given statement is true or false)

Answer 1

As per the government policies of each country time to time, and the bilateral and unilateral business agreement between countries, the import duty may be exempted under the specified goods from particular countries. Or as per the availability and consumption goods, certain commodities are imposed import duty to control the import of such goods. Duties are also levied against the goods importing from certain countries because of political policies also. So, the importance of certifying the origin of goods plays a vital role in the international trade between countries.

Answer 2

True

To avail the concessions of tariffs for goods coining from a particular country, Certificate of Origin is not required.

Explanation:

The certificate of origin might be an announcement added a commercial invoice that supports the posting of the nation of birthplace by detail. While, it may be a different letter or structure that fuses an announcement showing the government of the source is as expressed on the business receipt, affirms the record is valid and right, and afterward marked by the exporter's representative.

The certificate of origin is a documentary proof that the products started in the nation expressed in the authentication, business receipt, or packing list.