Sunday, November 10, 2013

CERTIFICATE OF ORIGIN



DEFINITION:
It meaning “Certificate of Origin”. This paper is wanted by BUYER. This paper is as certification of a country.

TYPE: This is two type:

  1. C/O of yarn
  2. C/O of garments.

1.C/O of yarn: This paper is used for incentive purpose. This paper is given by BTMA.
2. C/O of garments: This paper is used for BUYER and GSP.

Type of garments C/O:

  1. Metropolitan chamber of commerce.
  2. Dhaka 
  3. SHIPPER 
  4. BKMEA 
  5. BGMEA

1. Metropolitan chamber of commerce: It is depend on BUYER requirement.
2. Dhaka chamber of commerce:  It is depend on BUYER requirement.  
3. SHIPPER: It is given on shipper pad for GSP. It S/B submitted in EPB               with BKMEA.
4. BKMEA: Its give two type of C/O for garments and fabric supply.
5. BGMEA: It gives for only garments.

PAPER REQUIRED FOR C/O:

1. Commercial Invoice.
2. Packing list.
3. BL (Bill of landing) or AWL.
4. Bill of ENTRY (Import) or shipping bill(Export).
SHIPPING BILL: Its amount depend on Commercial invoice amount. Shipper have to pay shipping bill at rate of .20-.23 TK./ USD. The amount of commercial invoice is 3122 USD. Then
                                SHIPPING BILL = 3122 @ .2 = 624 TK.

5. C/O Form Rate: 30-50TK. It is available in JANATA BANK. Then approved C/O Form from EPB, BGMEA, BKMEA- 400TK.(Salad) otherwise 3 or 4 days delay. It you do not five salad.

6. Cash or Bank Draft Form for CO Form approved charge: 200TK. for all above enterprise. It is noted that BUYER want GSM for getting some tax free for ECC, BUYER get 13% tax free. GSP is one type C/O.

For FOB & C&F Order Shipper get Original BL. But for GSP purpose SHIPPING LINE give you NON neogosetatable BL copy which is submitted EBP. For payment shipping line original BL after 3 or 4 days from shipment.

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