A. General Information
Korea-India Electronic Origin Data Exchange System (EODES)
Ministry of Finance, India.
Ministry of Finance, India.
B. Lessons Learned
The Electronic Origin Data Exchange System aims at facilitating the smooth implementation of the India-Korea Comprehensive Economic Partnership Agreement (CEPA) by way of electronic exchange of origin information between the two customs administrations in respect of the goods traded under the CEPA.
The EODES enables the electronic submission of Preferential Certificate of Origin (PCO) and electronic Declaration of Origin, between the Republic of Korea and India. EODES shortens the transmission lead time and issues PCO authenticity, thus reducing the goods’ time-to-market through faster Customs clearance.
The business need is the elimination of hardcopy PCO enabling companies to enjoy savings in cost and time.
The transmission and Receipt of Electronic Preferential of Origin.
The data fields in a Certificate of Origin (CoO) shall be electronically shared by the exporting customs administration with the importing customs, as soon as the certificate is issued. This would facilitate faster clearance of imported goods.
Preferential Certificate of Origin (PCO) and electronic Declaration of Origin,
This Electronic Origin Data Exchange System benefits not only applicants, saving them time and money, but also customs, optimizing their management resources. It also facilitates trade and increases administrative efficiency.