Project

A. General Information

1. Title

Korea-India Electronic Origin Data Exchange System (EODES)

2. Status of the project
Operating
3. Implementation period of the project/service:
From
Jan-2023
To
--
5. Geographical coverage
Bilateral
Participating countries: India, Republic of Korea
6. Participating agencies/entities of the project/service:
a. Development stage
Lead agencies/entities
Ministry of Trade, Industry and Energy, Republic of Korea
Ministry of Finance, India.
Other participating agencies/entities
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b. Operational stage
Lead agencies/entities (op)
Ministry of Trade, Industry and Energy, Republic of Korea
Ministry of Finance, India.
Other participating agencies/entities (op)
--
7. Main stakeholders/beneficiaries of the project
Traders (big enterprises)
Traders (SMEs)
Transport
Customs brokers
Customs
Other Government Agencies (OGAs)
8. Business process category of the project
Regulatory/official control

B. Lessons Learned

9. Summary description of the project/service
a. Objective(s)

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. 

b. Business need for the project (background)

The business need is the elimination of hardcopy PCO enabling companies to enjoy savings in cost and time. 

c. Business process covered*

The transmission and Receipt of Electronic Preferential of Origin.

d. Overall architecture and functionalities*

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.

e. Relevant document/figure
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10. Documents and data exchanged via the project

Preferential Certificate of Origin (PCO) and electronic Declaration of Origin, 

11. Data models/databases, proprietary solutions, hybrid approaches
--
12. Main challenges faced during the project
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13. Lessons learned from the project
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14. Main benefit(s) of the project
Enhanced regulatory compliance*
Transaction Cost savings*
Transaction Time savings
Simplified process
Increased trade flow
14A. Elaborations/detailed description on benefits gained

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.

15. Technical/financial/capacity building/other assistance
--
16. Future plan for expansion of the project
--
17. Other information or relevant references on the project
--
18. Relevant document regarding the project
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C. Relevant Standards

20. Electronic message standard
20A. Electronic message standard supporting the project
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20B. Type of standard for electronic message applied for the project
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21. Technical communication standard
21A. Technical communication standard supporting the project
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21B. Type of technical communication standard applied for the project
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22. Security-related standards*
22A. Security-related standard supporting the project
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22B. Type of security-related standard applied for the project
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23. Other Technical Information
23A. Interface developed for data exchange with an internal system
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23B. Other technical implementation information
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