Why the certificate of origin is required In foreign trade ? - Vidyadip

Question

Why the certificate of origin is required In foreign trade ?

✓

Answer

In foreign trade as per agreement, different countries give concession in paying import duty.
To obtain this concession, the products is made in which country is important. It requires certificate pertaining to country where it is manufactured. This certificate is obtained from Chamber of Commerce, or Government.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Each" from International Trade→International Trade — all question types→OCM STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Which facilities are provided by public utility units ?

What is social responsibility?

How does international trade maintain stability of price ?

In Sole Proprietary firm though the owner is one person only how does he satisfy his customers?

State any two characteristics of employment.

"The development of banking services is rapidly increasing, and the scope of its various services is also expanding." In this context, explain the methods through which money can be transferred from one account to another.

What is government department? Explain with an example.

What is endowment insurance ?

Which information does the government provide in export procedure) EPZ (Export Processing Zone) ?

You are the manager of a commercial bank. What factors would you properly verify before granting a loan to a business unit? Prepare a list.