Certificate of Origin (CO)

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Definition of 'Certificate of Origin (CO)'

A certificate of origin (CO) is a document that certifies the country of origin of goods. It is typically required for customs clearance when goods are imported or exported. The CO may be issued by a government agency, chamber of commerce, or other authorized body.

The CO typically includes the following information:

* The name and address of the exporter
* The name and address of the importer
* The description of the goods
* The quantity of the goods
* The value of the goods
* The country of origin of the goods
* The date of issue of the CO

The CO may also include other information, such as the mode of transport, the port of export, and the port of import.

The CO is an important document because it helps to ensure that goods are properly classified for customs purposes. It also helps to prevent fraud and smuggling.

There are different types of COs, depending on the type of goods being imported or exported. For example, there are COs for agricultural products, textiles, and manufactured goods.

The CO is typically required by the customs authority of the importing country. The customs authority may refuse to clear the goods if the CO is not presented.

The CO may be issued by a government agency, chamber of commerce, or other authorized body. The issuing body must be accredited by the customs authority of the importing country.

The CO is typically valid for a period of time, such as 12 months. The validity period may vary depending on the type of goods being imported or exported.

The CO is an important document that helps to ensure that goods are properly classified for customs purposes. It also helps to prevent fraud and smuggling.

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