A Certificate of Origin (CO) is an important document in cross border trade. It declares that a specific product is wholly produced, manufactured or processed in a particular country and it helps in satisfying customs or trade requirements.
This document is issued through Chambers of Commerce in several countries. While in some countries, the regulatory body such as Customs or Export Commission Body is the issuing authority.
Regulatory agencies worldwide find it challenging to enable faster clearance by cutting down delays and improve trade compliance. The processes are suffused with costly inefficiencies, lack of co-ordination among cross-border regulatory agencies, and burdensome procedures and documentation.
Federation of Indian Export Organization (FIEO) is an apex body of Indian export promotion organizations was set up jointly by the Ministry of Commerce, Government of India and private trade and industry in 1965. It has a wide presence across India and consists of exporters, customs brokers and freight forwarders/agents.
With a significant amount of members, FIEO has still been issuing Certificate of Origin manually. As the number of members kept growing year after year, there were operational delays in the entire process. Therefore, they found a need to digitize the operations to facilitate faster issuance of COs to its members.
Kale deployed the Regulatory Single Window System for FIEO to fast-track issuance of Certificate of Origin digitally in 2016. The entire process of Application for CO, Attachment of supporting documents, Verification & Issuance of CO by FIEO is digitized through this platform.
The exporters can make online payments using the facility of payment gateway and pre-deposit account. This service is availed from 20 branches of FIEO across India where over 50,000 certificates were issued annually.
Data Reusability function to reutilize the data submitted for Customs Declaration.
This Single Window System is also enabled to integrate with the enterprise systems of Forwarders, Customs Brokers, Exporters and other parties involved.
With Kale’s Regulatory Single Window System, issuance of COs eventually became simpler. Especially, in the period from March 2020 to June 2020 i.e., when the lockdown restrictions to thwart COVID-19 was high, there was a need to issue certificates with far more lesser touch points. Thanks to Kale for developing such a robust application which is redefining and transforming business functions for all stakeholders in the logistics fraternity.