What is Generalised system of preferences (GSP)?

Generalised System of Preference (GSP) was implemented to support developing countries by giving them preferences in trade tariffs from developed countries. It is also defined as the non-contractual instrument by which developed countries extend tariff concession to goods originating in developing countries and an example of a Unilateral Trade Agreement.

The objective of GSP

• To increase the export earnings of developing countries.
• In promoting their industrialization.
• Accelerating their rates of economic growth.

What is GSP Certificate of origin?

TCertificate of Origin is the certificate that declares that goods in the export shipment are manufactured or produced in a particular country, basically, it tells about the nationality of the export goods. There are two types of Certificate of Origin - Preferential Certificate of Origin & Non-Preferential Certificate of Origin (NP CoO) issued in India.

Certificate of origin issued under GSP system comes under preferential type certificate of origin and known as GSP Certificate of Origin or Form a certificate of origin.

Exporters having a Certificate of origin under GSP can get the tariff concession on their export goods exported in developed countries.

The Government of India has nominated various agencies to issue the certificate of origin through a Common Digital platform CoO Portal launched by DGFT.

List of the GSP Countries

The following countries are there who are giving tariff preferences to exporters of the developing countries having the certificate of Origin under GSP trade agreement:- Australia, Belgium, United Kingdom, Japan, Denmark, Czech Republic, New Zealand, Finland, Estonia, Norway, France, Cyprus, Switzerland, Germany, Latvia, United States of America, Greece, Lithuania, Republic of Belarus, Ireland, Hungary, Republic of Bulgaria, Italy, Malta, Russian Federation, Luxembourg, Poland, Turkey, European Union, Spain, Netherlands, Slovenia, Portugal, Slovakia, Sweden.

Customs of the above countries require Form A certificate of origin by exporters of beneficiary countries and certified by the authorized agencies.

Who issues GSP Certificate of Origin in India?

The Government of India has launched various agencies to issue Certificate of Origin. To issue CoO under GSP following agencies have been nominated and available to accept the application online on the common portal to issue the Certificate.

• Export inspection council
• Textiles Committee
• Marine Products Export Development Authority
• Directorate General of Foreign Trade
• Tobacco Board
• Noida Special Economic Zone
• Kandla Special Economic Zone etc.

How VN Samarth Corporate Services can help you to get GSP Certificate of Origin?

• We are leading CoO (Certificate of Origin) Consultants in India.
• Check the Eligibility to get the Certificate of origin online.
• Accordingly, prepare the application along with the documentation.
• Submit the application online & coordinate with nominated agencies till issuance of the Certificate of origin.
• Guiding Clients in taking advantage of the various privileges like tariff concession, reduced tariff.