{"id":49434,"date":"2022-09-28T16:55:22","date_gmt":"2022-09-28T11:25:22","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=49434"},"modified":"2022-09-28T16:56:23","modified_gmt":"2022-09-28T11:26:23","slug":"how-to-get-safta-certificate-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/","title":{"rendered":"How to Get SAFTA Certificate in India?"},"content":{"rendered":"\n<p>South Asian Free\nTrade Area (SAFTA) is a free trade agreement for promoting trade &amp; economic\ngrowth in South Asia by reducing or minimising tariffs for intra-regional\nexports. Eight South Asian Association for Regional Cooperation or SAARC\ncountries, including India, make up the South Asian Free Trade Area. The\nRepublic of Bangladesh, Kingdom of Bhutan, Republic of Maldives, Kingdom of\nNepal, India, Islamic Republic of Pakistan, &amp; Democratic Socialist Republic\nof Sri Lanka are all members of SAARC. The South Asian Free Trade Area (SAFTA)\nwas signed in 2004 and came into effect on January 1, 2006; Bangladesh, the\nMaldives, Bhutan, and Nepal are classified as Least Developed Contracting (LDC)\nStates, while India, Pakistan, and Sri Lanka are considered Non-Least Developed\nContracting (NLDC) States. In 2007, Afghanistan joined SAARC, and under SAFTA,\nit was designated as an LDC. This agreement aimed to enhance and maintain\nregional economic and commercial cooperation. By the end of 2007, the developing\nnations were to lower their tariffs by 20% in the first of a two-year term. The\nleast developed nations were also given an additional three years to lower\ntariffs. In this write-up, we will discuss how to get SAFTA Certificate in\nIndia.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/#Purpose_of_SAFTA_Certificate_in_India\" >Purpose of SAFTA Certificate in\nIndia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/#Categories_of_Certificate_of_Origin\" >Categories of Certificate of\nOrigin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/#Importance_of_SAFTA_Certificate_in_India\" >Importance of SAFTA Certificate\nin India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/#Benefits_of_SAFTA_Certificate_in_India\" >Benefits of SAFTA Certificate in\nIndia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/#Documents_Required_for_SAFTA_Certificate_in_India\" >Documents Required for SAFTA\nCertificate in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/#Procedure_for_Obtaining_SAFTA_Certificate_in_India\" >Procedure for Obtaining SAFTA\nCertificate in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-safta-certificate-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Purpose_of_SAFTA_Certificate_in_India\"><\/span>Purpose of SAFTA Certificate in\nIndia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The primary purpose of the <strong><a href=\"https:\/\/corpbiz.io\/safta-license-certificate\">SAFTA Certificate<\/a><\/strong> is to promote competition in the region at the time of providing proper advantages to the countries involved. The instruments to assist the purpose of SAFTA are as follows:<\/p>\n\n\n\n<ul><li>Trade Liberalisation Programme<\/li><li>Rules of Origin <\/li><li>Institutional Arrangement <\/li><li>Safeguard measures<\/li><li>Consultations and Dispute Settlement procedures <\/li><li>Any other instrument, if agreed<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Categories_of_Certificate_of_Origin\"><\/span>Categories of Certificate of\nOrigin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>There are 2 categories of Certificate of\nOrigin:<\/strong><\/p>\n\n\n\n<ol><li><strong>Non-Preferential Scheme:<\/strong> These\nCertificates of Origins evidence the Origin of products and don&#8217;t bestow any\nright to preferential tariffs.<\/li><li><strong>Preferential Certificate Scheme:<\/strong>\nPreferential Certificates prescribe rules of Origin that must be met for\nexports to be eligible for tariff preference.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Importance_of_SAFTA_Certificate_in_India\"><\/span>Importance of SAFTA Certificate\nin India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>Exporters and importers must add the Certificate of Origin to the commercial invoice to avoid shipment issues. A Certificate of Origin is an instrument that establishes evidence of the Origin of products imported into any country.<\/li><li>There are tax exemption advantages also if the exporter has a SAFTA Certificate. Most exporters don&#8217;t need to pay GST in their invoices or bills if they have attached the origin certificate.<\/li><li>These certificates are vital for exporters to prove where their products come from and therefore stake their claim to whatever benefits products of Indian Origin (Made in India) may be eligible for in the country of exports.<\/li><li>This gives a boost in sales &amp; preference to the exporter holding SAFTA Certificate. If the exporter does not charge GST on the export of products, then the importer will have to pay a lesser price. The importer will choose an exporter who charges &#8220;Base Price + No Tax\u201d.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_SAFTA_Certificate_in_India\"><\/span>Benefits of SAFTA Certificate in\nIndia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Following are benefits of obtaining a SAFTA\nCertificate in India:<\/strong><\/p>\n\n\n\n<ul><li>For the people of South Asia, it has brought integrity &amp; transparency among the countries by minimising the tariff and trade barriers.<\/li><li>It boosts foreign investments in the member nations of SAARC.<\/li><li>It establishes a robust framework for all regional cooperation.<\/li><li>It helps in avoiding any shipment problems.<\/li><li>According to reports from <strong>WTO<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/World_Trade_Organization\"><strong>[1]<\/strong><\/a><\/sup>, nations involved in Free Trade Agreements have higher economic growth than others.<\/li><li>Most exporters don&#8217;t need to pay GST in their bill or invoice if they attach their Certificate of Origin.<\/li><li>Exporters need to stake their claim to the benefits goods of Indian Origin are eligible for in the country of exports.<\/li><li>The exporter with SAFTA Certificate has a preference and boosts their sales.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_SAFTA_Certificate_in_India\"><\/span>Documents Required for SAFTA\nCertificate in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Following are some vital documents required\nto obtain SAFTA Certificate in India<\/strong><\/p>\n\n\n\n<ul><li>Registered Email on DGFT;<\/li><li>Organisation Digital Signature Certificate\n(embedded IEC Code);<\/li><li>Updated IEC License;<\/li><li>Mobile No.;<\/li><li>DSC software;<\/li><li>Commercial Invoice;<\/li><li>Declaration from Manufacturer (Exporter) in\nLetterhead;<\/li><li>Purchase Bill that has information of Origin or\nquantum of inputs\/consumables used in export products;<\/li><li>Product Information;<\/li><li>Purchase order from an importer.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_for_Obtaining_SAFTA_Certificate_in_India\"><\/span>Procedure for Obtaining SAFTA\nCertificate in India <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The overall procedure to obtain the SAFTA\nCertificate in India is as follows:<\/strong><\/p>\n\n\n\n<p><strong>Step 1: Application:<\/strong> The applicant has\nto file an application form to the appropriate authority with Digital Signature\nCertificate (DSC) &amp; updated Import\u2013Export Code (IEC). <\/p>\n\n\n\n<p><strong>Step 2: Documents:<\/strong> The submitted\napplication must have all relevant information and required documents.<\/p>\n\n\n\n<p><strong>Step 3: Payment:<\/strong> After submission of\nthe application form, the applicant has to make payment of the requisite\nfees.&nbsp; <\/p>\n\n\n\n<p><strong>Step 4: Issuance of License:<\/strong> Once all\nthe previous steps are completed, the appropriate authority grants the SAFTA\nCertificate in the applicant&#8217;s name as the Certificate of Origin.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>SAFTA Certificate is a certificate of Origin granted through DGFT for exporters and importers of India. SAFTA Certificate is added to the industrial invoice to show the origin country of products.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Asian Free Trade Area (SAFTA) is a free trade agreement for promoting trade &amp; economic growth in South Asia by reducing or minimising tariffs for intra-regional exports. Eight South Asian Association for Regional Cooperation or SAARC countries, including India, make up the South Asian Free Trade Area. The Republic of Bangladesh, Kingdom of Bhutan, [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":49435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2749],"tags":[2748],"acf":{"service_id":"220"},"authorName":"Krishna Kumar","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/07\/MicrosoftTeams-image-62.jpg","authorDescription":"Krishna Kumar has completed BA-LLB with a specialization in constitutional Laws from ICFAI University. As a recent graduate, He has both legal research and content writing experience in various law firms. He secures good drafting skills for various legal documents in multiple fields of law.","postViews":4976,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/49434"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=49434"}],"version-history":[{"count":20,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/49434\/revisions"}],"predecessor-version":[{"id":49457,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/49434\/revisions\/49457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/49435"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=49434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=49434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=49434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}