C/O Form E is an important document in export activities of businesses. Understanding the process, issuance conditions and notes when using C/O Form E will help businesses optimize commercial benefits and avoid legal risks when importing and exporting goods.
>>>See more: What is C/O Form A?
What is C/O Form E?
C/O (Certificate of Origin) Form E is a document certifying the origin of goods, issued to enjoy preferential tariffs within the framework of the ASEAN-China Free Trade Area (ACFTA) ). The purpose of C/O Form E is to prove that goods exported from ASEAN member countries or China meet the rules of origin according to the provisions of the ACFTA agreement, thereby enjoying preferential tariffs when imported. into other member countries.
Using C/O Form E not only helps businesses save tax costs but also promotes trade between member countries, creating favorable conditions for import and export activities.
Main content of C/O Form E:
+ Information about the exporter: Name, address, tax code…
+ Information about the consignee: Name, address, tax code…
+ Information about goods: Detailed description of goods, HS code, quantity, value…
+ Declaration of origin: Confirms that the goods originate from an ACFTA member country
+ Sign and stamp the competent authority issuing C/O Form E
The role of C/O Form E
C/O Form E plays an important role in:
+ Import tax reduction: Goods with C/O Form E enjoy preferential tax rates, usually 0-5%, lower than normal tax rates.
+ Enhance trade: Promote trade between ASEAN member countries and China, creating favorable conditions for import and export businesses.
+ Ensuring transparency: Clearly determine the origin of goods, helping to avoid commercial fraud and protect consumer rights.
Procedures for applying for C/O Form E:
Exporting enterprises follow these steps to apply for C/O Form E:
+ Prepare documents: Enterprises need to prepare documents including: C/O application, commercial invoice, bill of lading, and other related documents.
+ Submit application: Enterprise submits application to the competent authority to issue C/O (usually the chamber of commerce and industry or import-export management agency).
+ Document review: Competent authority reviews and checks the validity of the document.
+ C/O issuance: If the application is valid, the issuing agency will issue C/O Form E to the business.
>>>See more: What is C/O Form D?
Notes when using C/O Form E
+ Ensure accurate information: Information on C/O Form E must be accurate and match other related documents (invoices, bills of lading, etc.).
+ Validity period: C/O Form E is usually valid within one year from the date of issuance, so businesses need to pay attention to the deadline to avoid problems during customs clearance.
+ Check specific regulations: Each member country may have its own regulations on the process and criteria for issuing C/O Form E, so businesses need to clearly understand these regulations to ensure compliance.
Above is important information about C/O Form E. For assistance with import and export information, international freight, sea transport or import entrustment, please contact Truong Thanh Logistics at the address:
Truong Thanh Logistics – Dedication, Prestige
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