Tax Consultants Woes

The government on Tuesday extended the transition period for mandatory online filing of applications for non-preferential certificate of origin till December 31, 2024. The Directorate General of Foreign Trade (DGFT) in a trade notice said during this period, the existing systems of processing non-preferential certificate of origin applications in manual mode is permitted. An exporter has to submit a Certificate of Origin (CoO) at the landing port of the importing country. The document is important to claim duty concessions under Free-Trade Agreements (FTAs). This certificate is essential to prove where their goods come from. "The transition period for mandatory filing of applications for non-preferential certificate of origin through the e-CoO platform has ben further extended till December 31, 2024," it said.

Tax payers in West Asia would be happier if they could just pay it off as early as possible and get on with life