India-Korea Electronic Origin Data Exchange System (EODES) for faster clearance of imported goods launched

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ndia-Korea Electronic Origin Data Exchange System (EODES) for faster clearance of imported goods launched <br>News and Press Release<br>Dated:- 9-12-2023<br><BR>EODES will facilitate implementation of India-Korea Comprehensive Economic Partnership Agreement (CEPA) by electronic exchange of origin information between the two customs administrations for goods traded under the CEPA Mr. Sanjay Kumar ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Agarwal, Chairman, Central Board of Indirect Taxes & Customs (CBIC), launched the India-Korea Electronic Origin Data Exchange System (EODES), in the presence of Mr. KO Kwang Hyo, Commissioner of Korea Customs Service (KCS) and his delegation on 6th December 2023 in New Delhi. The Electronic Origin Data Exchange System is aimed at facilitating the smooth implementation of the India-Korea Comprehen....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sive 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 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 cle....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....arance of imported goods. During the event, Mr. Sanjay Kumar Agarwal highlighted the importance of Customs cooperation between India and Korea on issues such as automated data exchange, capacity-building and enforcement, and expressed hope that the success of the EODES project shall serve as a global template in the field of international Customs cooperation. Mr. KO Kwang Hyo recognised the hard....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... work put in by both teams and stated that the operationalisation of the system shall provide a fresh impetus to preferential trade between the two countries. With the soft launch of the EODES, both sides expressed commitment to its early utilisation in live environment and acknowledged that the launch shall mark a major milestone in the flourishing bilateral relations between the two countries.<....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....BR> News - Press release - PIB....