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Overview of ISCECA Certificate 

The India-Singapore Comprehensive Economic Cooperation Agreement (ISCECA) is India's first such Agreement. It is also the first Agreement between Singapore and a South Asian country. It has been effective since 1st August 2005. The Agreement focuses on the liberalisation of trade in goods, services and investments and also in areas related to international trade. This Agreement has been reviewed regularly by the Ministry of Commerce and Industry, first in 2007 and then in 2010.

This Agreement aims to determine the origin of products eligible for preferential tariff concession in pursuance of the India Singapore Comprehensive Economic Cooperation Agreement. 

This Comprehensive Economic Cooperation Agreement between India and Singapore has four components:

  • FTA in goods.
  • Boosting trade in services.
  • Promoting the investment flow and providing mutual investment protection and Agreement to avoid double taxation. 

Benefits of ISCECA Certificate

Following are the benefits of obtaining an ISCECA Certificate under the Comprehensive Economic Cooperation Agreement between India and Singapore:

Enhancement to Avoidable Double Taxation Agreement 

Investors are allowed to enjoy capital gains tax exemption on investments in India and encouraged trade flow investments, technical know-how and expertise between India and Singapore by eliminating the double taxation of income. 

Trade in Goods

About 75% of tariffs on Singapore's domestic exports of electrical and electronics, pharmaceuticals, instrumentation, and plastics to India were removed and substantially reduced within five years, and Singapore granted zero tariff treatment on all imports from India.

Mutual Recognition 

This Agreement has eliminated duplicate testing & certification of products, thereby reducing costs & shortening the time taken to facilitate entry of goods or products for sale to both contracting countries, India and Singapore. These contracting countries also commit to negotiating mutual recognition agreements in accounting and auditing, architecture, medicine, dentistry and nursing.

Trade in Services

Service suppliers in both countries guarantee access to each other's markets. For the financial services, the three banks of Singapore are treated equally to Indian Banks, and they enjoy the freedom to open branches. 

Movement of citizens

Citizens of both the countries and their permanent residents are guaranteed entry and allowed to stay in each other's country as business visitors, short-term service suppliers, professionals and intra-corporate transferees. 


This Agreement facilitates joint postgraduate programmes between the Indian Institute of Technology (IIT) and the Institute of Science with Singapore universities. 


This Agreement has created a platform for the larger media industry and private sector collaboration between India and Singapore. 

Other benefits of having such certification are as follows:

  • Reduction of tariff and trade barriers in both the countries 
  • Promotion of fair competition in all the free trade countries
  • Ensuring equitable benefits to both the contracting countries
  • An effective mechanism for a joint administration and resolution of disputes between both countries
  • Framework for the regional co-operation and enhancement of mutual benefits for the trade
  • Encouragement of cross-border transactions between the territories of both contracting countries. 

Eligible products for ISCECA Certificate 

For the purpose of this Agreement, the products that are considered eligible for preferential treatment if they conform to origin requirements are as follows:

Products that are wholly obtained/produced in the territory of exporting party, and such products include the followings:

  • Raw or mineral good or product extracted from the soil, water, seabed or beneath of seabed of exporting party
  • Vegetable goods harvested or produced in exporting party
  • Animal born and raised in the such exporting party 
  • Goods obtained from animals are referred to in point (3)
  • Goods obtained from hunting, trapping, fishing, gathering or capturing conducted in exporting party
  • Goods of sea fishing and other marine goods taken from outside the territory of such party or territorial waters and Executive Economic Zone (EEZ) by vessels registered with a party and flying its flags
  • Goods processed and made on board factory ships registered with a party and flying its flags exclusively from products referred above
  • Goods that are taken by a party or person of such party from the seabed on beneath it outside the territorial waters or sea of such party as per the provisions of the UN Convention on Law of Sea
  • Articles collected at the such exporting party which are no longer capable of performing their original purpose nor are capable of being restored/repaired and are fit for disposal or recovery of parts/raw materials or for recycling purposes.
  • Goods produced exclusively at a such exporting party from all such goods refereed above or from their derivatives at any stage of production.

Products not wholly obtained or produced in territory exporting party, provided such products are eligible if they are fulfilling the following requirements:

  • Total value of materials, parts or produce originating from countries other than the contracting parties or of undetermined origin used in manufacture of a such product does not exceed 60% of the fob value of the product so obtained or produced;
  • Products obtained or produced are classified in heading at the four-digit level of the harmonised system from all those which all the non-originating materials used in its manufacture are classified;
  • Products that satisfy the product-specific rules under this Agreement. 

Documents Required for ISCECA Certificate

Following are the required Documents and information for obtaining ISCECA Certificate:

  • Details of exporter such as name, address and country 
  • Details of importer such as name, address and country
  • Details of the loading port, discharging port and transit port.  
  • Name of vessels or flight number 
  • Date of shipment, i.e., bill of loading or airway bill date 
  • Item number, marks and numbers, number and kind of packages, tariff classification number and description of each good consigned.
  • criterion of goods 
  • Quantity of goods 
  • Commercial invoice and Invoice number 
  • DSC or Digital Signature Certificate
  • IEC or Import-Export Code
  • Manufacturer exporter declaration on company's letterhead 
  • Product Description
  • Purchase order from the importer party
  • Declaration

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Procedure for ISCECA Certificate

The steps to be followed for getting the ISCECA Certificate are as follows:


The applicant files an application to the competent authority with Digital Signature Certificate (DSC) and updated Import-Export Code (IEC). 


The applicant submits all relevant information and Documents along with the application.


After submission of the application, the applicant makes payment of the prescribed fees. 

Grant of License:

Once all the above-mentioned steps are fulfiled, the competent authority issues ISCECA Certificate to the applicant.

Frequently Asked Questions

The India Singapore comprehensive Economic Cooperation Agreement was signed by both countries on 29th June 2005, and it came into effect on 1st August 2005.

The unique tax set-up signed through this Comprehensive Economic Cooperation Agreement between India and Singapore has enabled Indian companies to manufacture and service operations in Singapore.

Free Trade Agreement, i.e., FTA, is an arrangement between two or more countries/trading blocs that primarily agree to reduce/eliminate customs tariffs and non-tariff barriers on substantial trade between such countries.

Roles of Origin are criteria required to determine the country of origin of products for purposes of international trade.

Export Inspection Council (EIC) is authorised for certification under all trade agreements in India.

FOB refers to the price actually paid or payable to the exporters for the goods when the goods or products are loaded onto the carrier at the named port of exportation.

CIF value or CIF price refers to the price actually paid or payable to the exporter for the goods when the good is loaded out of the carrier at the port of importation.

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